- SUI fell under $1.10 amid a widespread decline in cryptocurrencies on account of weak point in Bitcoin and main altcoins.
- Hong Kong’s Hashkey Trade will record SUI/USD for skilled buyers from February 4th.
- If there’s a risk of a bullish reversal, the Sui value goal could possibly be between $1.20 and $1.34.
HashKey Trade, Hong Kong’s largest licensed cryptocurrency platform, plans to record Sui, a growth that comes because the token struggles amid a pointy downturn within the total digital asset market.
SUI, SUI’s native token, has been beneath heavy promoting strain in current buying and selling, falling under $1.10 amid an aggressive sell-off throughout the crypto market.
This decline coincided with Bitcoin buying and selling across the $78,000 degree, inflicting losses throughout main and mid-cap tokens.
SUI at the moment ranks exterior the highest 20 cryptocurrencies by market capitalization, however is buying and selling round $1.13 as of February 3, 2026.
Why did SUI plummet?
The SUI rally largely follows a broader risk-off motion within the crypto market.
The token has fallen about 12% over the previous week, reflecting the volatility seen throughout high-beta digital property.
Solana, for instance, fell under $100, a 10-month low, throughout the identical interval.
The promoting was pushed by a mixture of macroeconomic uncertainty and profit-taking following the rally.
The strain continued whilst US President Donald Trump nominated crypto-friendly Kevin Warsh to be the following Federal Reserve Chairman. The transfer was initially seen as favoring digital property.
Nevertheless, with SUI hovering round $1.13 as of February 3, 2026, bulls are more likely to obtain a serious increase from information of a brand new itemizing on Hashkey Trade, Hong Kong’s largest cryptocurrency platform.
HashKey Trade provides SUI/USD buying and selling
Sentiment in direction of SUI could also be supported within the brief time period by the brand new alternate itemizing.
hash key alternate introduced on February third that it’ll record the SUI/USD buying and selling pair.
In accordance with the alternate, over-the-counter buying and selling of SUI/USD will start at 16:00 Hong Kong time on February 4, 2026.
SUI deposits and withdrawals are already going down and eligible individuals can put together forward of buying and selling.
In accordance with Hong Kong’s regulatory framework, entry to this product is restricted to skilled buyers.
📣 New Itemizing: SUI is coming to HashKey Trade! @sui community
✅ Deposits and withdrawals: Open
✅ Buying and selling pair (spot): SUI/USD
✅ Posting time: February 4th 16:00 (UTC +8)👤 Audience: Skilled buyers
🎯 We are going to distribute HK$20 to the primary 1,000 individuals who full these duties! (1000*20)
✅… pic.twitter.com/cWF7ubxrks— HashKeyExchange (@HashKeyExchange) February 3, 2026
HashKey Trade operates beneath the Metropolis’s Digital Asset Service Supplier Scheme, establishing itself as a compliant establishment with a deal with safety and institutional-level entry to digital property.
The itemizing is anticipated to enhance SUI’s regional liquidity amid rising curiosity in high-throughput layer 1 blockchains, particularly these utilized in decentralized finance and Web3 purposes.
Sui value prediction
Traditionally, itemizing on main Asian exchanges has usually led to a surge in buying and selling exercise for altcoins on account of institutional and regional participation.
Whereas HushKey’s deal with over-the-counter buying and selling will slim its rapid investor base, broader market stabilization might amplify the influence of an inventory.
From a technical perspective, SUI seems oversold following the current decline.
The Relative Energy Index is deep into oversold territory, suggesting a potential short-term rebound.
$1.12 is more likely to be an necessary help degree for a restoration.
Brief-term resistance lies within the $1.20 to $1.34 vary, with the higher certain indicating earlier demand territory.
Nevertheless, momentum indicators similar to MACD stay bearish, indicating continued draw back dangers.
If shopping for curiosity doesn’t improve, SUI might as soon as once more face strain to fall under the $1.00 degree.
As with the broader crypto market, the course of the token is more likely to proceed to be intently tied to modifications in danger sentiment and Bitcoin value actions.