SUI falls below $1.10 amid market selloff; HashKey Exchange to list SUI/USD Feb 4
Sui’s native token SUI slipped below $1.10 on Feb. 3, 2026, amid a broad crypto market selloff that pushed Bitcoin near $78,000 and dragged major altcoins lower. SUI traded around $1.13 after losing roughly 12% over the prior week. The decline is attributed to a wider risk-off move, macro uncertainty and profit-taking following earlier rallies. Hong Kong-licensed HashKey Exchange announced it will open OTC trading for the SUI/USD pair at 16:00 HKT (UTC+8) on Feb. 4, 2026; deposits and withdrawals are already available and access is limited to professional investors under local rules. Analysts note SUI appears oversold on RSI, suggesting potential short-term rebound with support near $1.12 and resistance in the $1.20–$1.34 zone; MACD remains bearish and renewed downside below $1.00 is possible if market risk sentiment worsens. The HashKey listing may improve regional liquidity and institutional access, but immediate impact could be muted by the OTC/professional-investor focus and the broader market trend.
Neutral
The net effect is neutral because the news contains both bearish and potentially bullish elements. Bearish: SUI is already under selling pressure, down ~12% in a week with MACD bearish and risk-off market conditions that could push price under $1.00 if sentiment deteriorates. Bullish: a regulated Hong Kong listing on HashKey Exchange (SUI/USD OTC trading) expands regional and institutional access, which historically can boost liquidity and spur short-term inflows, especially when an asset is oversold (RSI). However, this listing is OTC and limited to professional investors, which mutes immediate retail-driven price spikes. Therefore, short-term traders should expect volatility around the listing: possible bounce to $1.20–$1.34 if buyers step in, but significant downside remains if broader crypto risk sentiment worsens. For intraday/short-term trading: watch BTC direction, HashKey deposit activity, and RSI/MACD cross signals. For medium-to-long-term traders: the listing improves structural liquidity and institutional access in Hong Kong, which is a modest positive, but lasting price appreciation will depend on broader market recovery and on-chain adoption metrics.