Sui ($SUI )
SUI has decreased by almost 11% in the last 24 hours and at the time of writing this analysis is trading at $3.46. This decline is associated with overall market trends but may be exacerbated over the weekend due to specific factors affecting SUI.
A key event will be the unlocking of 44 million SUI tokens on the first of June, which will add $151 million to the market. This could disrupt the balance of supply and demand, often leading to price declines. SUI risks experiencing significant price pressure.
The price of SUI has nearly reached support at $3.33 during intraday lows and may soon return to this level. However, if market volatility turns positive and SUI rises above $3.48, a rise to $3.69 is possible, which would invalidate the current bearish scenario and mark the beginning of a recovery.
