SUI has come under pressure after a major $128 million token unlock triggered a sharp 10% price drop. The move has put key support levels at risk, leaving traders questioning whether the recent decline signals deeper trouble—or a setup for a potential rebound. This article breaks down SUI’s current price action and explores which altcoins might shine amid the market’s latest shakeup.
Sui (SUI): Price Movement and Growth Potential
Source: tradingview
The cryptocurrency Sui (SUI) is fluctuating between $3.75 and $4.67. It recently slipped by around 13% within the past week, hinting at a downward trend. Despite this dip, SUI has grown nearly 18% over the last month, showing potential for recovery and growth. The strongest resistance level is at $5, suggesting room for gains. If SUI breaks through this, it could rise to the next level at about $5.91, marking a potential increase of over 25% from current levels. Although SUI’s RSI is below 50, a sign of more sellers than buyers, the coin’s recent performance shows it could still be on a path to recovery.
Conclusion
Despite the sharp post-unlock drop, SUI’s technical outlook still leaves room for recovery if it can reclaim momentum. Resistance levels above $5 remain achievable targets, but stability at current support is crucial. As the market digests this volatility, SUI and other select assets could offer fresh opportunities for investors watching for the next move upward.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
