SUI enters a critical phase today as the unlocking of tokens worth 147 million USD threatens to create selling pressure on a market that is already testing important resistance levels. Although momentum has recovered strongly – evidenced by the RSI rising from the oversold region – SUI still cannot surpass the important threshold of 60, indicating buyer hesitation.
The Ichimoku cloud shows that price action is pressing against the edge of the cloud, but lacks the necessary determination for a clear breakthrough. With the potential for a golden cross on the EMA lines, the bulls still have a chance – if they can overcome resistance at the 2.50 USD level and avoid being dragged down by volatility after the unlock.
