SUI Rockets 150% Pre-$215M Token Unlock: Bullish Momentum vs. Supply Pressure
SUI''s price skyrocketed from $1.71 to $4.30 in a parabolic 150% rally, driven by bullish technical indicators including a golden cross formation. Analyst Sir Richard highlights this pattern''s historical tendency to precede sustained uptrends, with $7.56 now appearing as the next potential target—representing a 380% gain from recent lows.
The LAYER 1 blockchain faces a crucial test as $215 million worth of tokens prepare to unlock on June 1. While network fundamentals remain strong—showcasing $40 billion in aggregator volume and 24% monthly activity growth—the event could spark short-term volatility near the $3.40 support level.
Market sentiment remains divided: some see the unlock as a profit-taking opportunity while others view it as a temporary hurdle in SUI''s upward trajectory. The token''s recent performance has solidified its position as one of crypto''s most polarizing assets, combining explosive growth with impending supply dynamics.
