🚀 Is the price explosion of SUI currency approaching? Here is the complete technical analysis (Update May 1, 2025)

SUI currency is currently stabilizing near the level of $3.47.

Despite the pressures from the unlocking of 74 million tokens today (valued at approximately $319 million), the price shows strong resilience.

Technical Analysis:

Current Price: $3.47

Important Support: $3.50

Upcoming Resistances: 4.50$ then $6.00

RSI Indicator: Close to 70, reflecting good upward momentum.

Moving averages support the upward trend.

Note: Any drop below 3.50$ may lead to temporary profit-taking, but successfully absorbing the new supply may push the price for a strong upward wave soon.

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--This is not financial advice, do your own research