SUI Posts 150% Gain Amid Upcoming $215 Million Token Unlock
SUI has gained 150%, rising from $1.71 to $4.30, but faces a potential risk with a $215 million token unlock on June 1, 2025, which could increase selling pressure.
Market Analysis
- SUI has shown price volatility and bullish long-term outlook.
- The token's rise coincided with a golden cross formation, indicating possible further gains.
- Target price for SUI could reach $7.56, representing a potential 380% increase.
- A bearish crossover in EMAs may affect short-term momentum.
- Immediate support is between $3.40 and $3.43; resistance is around $3.50–$4.00.
Potential Risks
- If bearish sentiment rises, SUI might test the $2.33 support level.
- Network activity remains strong with over $40 billion in aggregator volume and a 24% increase in the last month.
- Strong fundamentals may counterbalance short-term risks, providing opportunities for long-term investors.
