{"id":8263,"date":"2025-08-19T19:30:30","date_gmt":"2025-08-19T19:30:30","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-sui-price-is-crashing-despite-robinhood-listing\/"},"modified":"2025-08-19T19:30:44","modified_gmt":"2025-08-19T19:30:44","slug":"heres-why-sui-price-is-crashing-despite-robinhood-listing","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-sui-price-is-crashing-despite-robinhood-listing\/","title":{"rendered":"Here\u2019s why Sui price is crashing despite Robinhood listing"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Sui price continued its strong downward trend today, August 19, even after it was listed by Robinhood, one of the biggest players in the U.S. crypto industry.<\/p>\n<div id=\"cn-block-summary-block_a5673efee37a1bf2c81eb9868f2798f5\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sui price plunged by nearly 4% despite the Robinhood listing.<\/li>\n<li>The coin has formed a head-and-shoulders pattern on the eight-hour chart.<\/li>\n<li>The decline coincided with the ongoing crypto market crash.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Sui (SUI) token plunged for three straight days and reached its lowest level since August 7, and 21% below the highest point this year.<\/p>\n<h2 class=\"wp-block-heading\">Sui price crashed as demand waned<\/h2>\n<p>The Sui token plunged after its Robinhood listing, which made it available to millions of American investors. In most cases, cryptocurrencies often surge after such a listing.<\/p>\n<p>There are three possible reasons why Sui price crashed. First, the decline mirrored that of other cryptocurrencies. Bitcoin (BTC) plunged to $113,000, while the market capitalization of all tokens fell to $3.83 trillion, down from over $4.1 trillion last week.\u00a0<\/p>\n<p>Second, third-party data shows that Sui demand is falling. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/sui\/\" target=\"_blank\">CoinMarketCap data<\/a> shows that the 24-hour volume dropped by 10% to $1.33 billion. Similarly, the futures open interest dropped to $1.84 billion, down from $1.9 billion on Monday.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Investors have also continued moving their tokens from their staking pools. StakingRewards data shows a 27 million decline in staked Sui, worth $95 million over the last 30 days.<\/p>\n<p>Third, Sui\u2019s ecosystem is not doing well as the total value locked in its decentralized finance dropped by 4.15% in the last 30 days to $2.79 billion. Its stablecoin market cap has dropped by 12.8% in the last seven days to $767 million.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Sui crypto price technical\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Sui price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The eight-hour chart shows that the SUI price has been in a strong downward trend in the past few days as it moved from a high of $4.20 on August 13 to the current $3.46.<\/p>\n<p>Sui crypto price has tumbled below the 50-period moving average at $3.20. It has also formed the highly bearish head-and-shoulders chart pattern. It has now plunged below the right shoulder section.<\/p>\n<p>The Supertrend indicator has turned red, a sign that the bearish momentum is continuing. Also, the Relative Strength Index and the MACD indicator have both pointed downward.<\/p>\n<p>Therefore, the Sui price may continue falling as sellers target the key resistance level at $3.2845, its lowest level on August 2. A break below that price will raise the odds of the coin dropping below $3.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sui price continued its strong downward trend today, August 19, even after it was listed by Robinhood, one of the biggest players in the U.S. crypto industry. Summary Sui price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8263"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8263\/revisions"}],"predecessor-version":[{"id":8264,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8263\/revisions\/8264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/769"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}