🔻 SUI Unlocks $162M — Price Crashes to $3.53, Bearish Until $3.93 Reclaimed
💥 SUI just got rocked by a massive $162M token unlock, flooding the market with fresh supply and triggering a sharp drop from $4.02 to $3.53 in less than 48 hours.
📉 What Happened?
- On July 28, Sui Network released $162M worth of tokens into circulation.
- This triggered a breakdown below the ascending channel, a key bullish structure.
- Technical indicators like Bull Bear Power and Awesome Oscillator flipped bearish.
⚠️ Bearish Signals:
- A head-and-shoulders pattern confirmed on the 4H chart — neckline broken at $3.75.
- Momentum favors sellers, with downside targets at $3.07 and possibly below $3.
- Failure to reclaim $3.93 could reinforce bearish sentiment.
🧠 Analyst Take:
> “This is classic post-unlock panic. If whales start accumulating, we could see a bounce. But for now, it’s a bear’s playground.”
---#ProjectCryptor #TrumpTariffs101 #MarketPullback #fomcmeetingrecap #WhiteHouseDigitalAssetReport
