Correction

The cryptocurrency market has entered a sharp correction phase this Wednesday, January 21, 2026, as a perfect storm of geopolitical tension and macroeconomic de-risking takes hold.

Toncoin (TON) has remained above the $1.45 support as buyers attempt to keep it above the moving average lines.

The TRON price has fallen below the moving average lines after being rejected at the $0.29 high.

Sui's (SUI) price is declining below the moving average lines. The upward correction failed when the cryptocurrency price reached resistance at $1.80.

Cardano's (ADA) price has rebounded above the $0.38 support level and reached the 21-day SMA barrier.

This week’s cryptocurrency recovery has been brief, as bears continue to push prices below the moving average lines.

The price of Hyperliquid (HYPE) fell to a low of $29 but was rejected again at the 21-day SMA barrier after an attempted upward correction.

The selloff pushed Bitcoin's price down over 35% from its October peak and coincided with broad weakness across risk assets, including a slump in major stock indices.

Sui's (SUI) price is falling below the moving average lines as it approaches the historical price level of October 21 2024.