Altcoin SUI has broken down from an ascending triangle pattern amid a broader market crash, according to Cryptonewsland. The previous support line has now become a resistance level, and failure to reclaim this line could result in further declines for SUI. This development comes as the cryptocurrency market is still reeling from a $20 billion liquidation event last week, which saw Bitcoin's price drop from $121,000 to $104,000. Analyst Lark Davis warns that SUI's inability to overcome the new resistance could lead to a deeper bearish trend. Despite this, Davis has previously suggested that Ethereum's bullish momentum might lift altcoins, with a potential all-time high of $7,000 for ETH on the horizon.