news 
**Sui (SUI) Price Braces for Volatility as Massive Unlock Hits Market**
The Sui (SUI) token has entered a critical period of price volatility, triggered by the massive unlock event that took place on July 1. The sudden influx of tokens into circulation has raised concerns among investors regarding potential selling pressure, leading to increased market uncertainty.
At the time of writing, Sui is trading at $2.81 with a daily gain of 0.58% and an impressive surge in trading volume, which rose by 49.17% over the past 24 hours. This sudden boost in activity suggests growing investor interest despite concerns about recent supply additions to the market.
The token unlock event has released approximately $77.35 million worth of SUI coins into circulation, pushing the total circulating supply to around 3.45 billion tokens, representing 34.46% of the overall supply. Notably, over half of the entire supply remains locked, with future unlock events yet to be released.
From a technical perspective, traders are closely monitoring a critical resistance level at $2.90, which if breached could lead to a bullish breakout scenario with initial targets set at $3.40 and potentially extending to $4.20. However, the token currently trades below key exponential moving averages on the 8-hour chart.
On a more bearish note, the futures market has seen a decline in interest, with Open Interest in Sui futures falling from May’s peak of $2.05 billion to $1.19 billion currently. This drop typically signals bearish sentiment unless accompanied by positive catalysts.
Analysts are divided on their forecasts for the remainder of 2025, ranging from DigitalCoinPrice’s ambitious predictions of $5.35 to $6.18 by year-end to Changelly’s more conservative approach suggesting a yearly high of $2.42. The Sui ecosystem’s Total Value Locked near $2 billion is seen as providing resilience against potential price shocks.
In conclusion, the current market dynamics and the massive unlock event have set the stage for significant price movements in both directions. Traders are advised to remain vigilant and adapt their strategies accordingly while keeping an eye on the token’s critical resistance level at $2.90 and potential bearish signals from the futures market.
Source: coincentral.com
