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- SUI broke down from an ascending triangle, turning support into resistance.
- Altcoin recovery largely depends on ETH’s bullish momentum.
- A rejection at the trendline could trigger a deeper bearish drop.
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The crypto market is attempting to stabilize after a shocking $20 billion liquidation that shook investors last week. Bitcoin (BTC) dropped from $121,000 to $104,000, dragging Ethereum (ETH) and several major altcoins down with it. While many altcoins like ADA, XRP, and ATOM have recovered, SUI faces a critical test that could determine its next major move.
$SUI broke down from the ascending triangle in the flash crash
— Lark Davis (@TheCryptoLark) October 15, 2025
That old support trendline is now acting as resistance
If it reclaims that line and gets back inside the ascending triangle → bullish setup resumes.
If it gets rejected again, that would likely mean a deeper… pic.twitter.com/eFBl8EzHWl
SUI Breaks Down From Key Triangle Pattern
During the recent market crash, SUI broke down from its ascending triangle, a bullish chart pattern signaling upward momentum. Previously acting as support, the trendline now serves as resistance. Industry analyst Lark Davis highlights that SUI must reclaim this line to resume a bullish trajectory. Failure to do so could trigger a deeper bearish drop, making this a pivotal moment for traders.
Altcoins Recover, But Challenges Remain
While SUI struggles, many altcoins have bounced back significantly. Ripple’s XRP, for example, regained over 50% of its losses, demonstrating that recovery is possible even after steep declines of 50–90%. However, analysts caution that broader altcoin rallies often depend on Ethereum’s performance. With ETH approaching a potential $7,000 all-time high, a bullish ETH could reignite altseason and lift struggling altcoins like SUI.
Also Read: xMoney Launches $XMN on Sui, Expands Listings Across Global Exchanges
ETH Leads the Market, Altcoins Follow
Expert insights stress that ETH’s momentum remains critical. As Lark Davis explains, altcoins tend to move in tandem with Ethereum. If ETH sustains its bullish trend, SUI and other altcoins may regain their footing. Conversely, a continued ETH slump could extend bearish pressure across the market, leaving SUI vulnerable to further declines.
SUI’s price action highlights the delicate balance in the post-liquidation market. Traders will be closely watching whether it can reclaim the former support line within its ascending triangle. With Ethereum’s performance acting as a market bellwether, the next few days will likely determine whether SUI resumes its upward climb or enters a deeper bearish phase.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
