In the past hours, 967 thousand Sui ( SUI) unlocked, How is this reflected in the price, what is the current status in SUI?
Unlocking on September 3 SUI released 967,400 tokens ($558,000). This value, which is not a very high amount, still caused a big change in the price of SUI. The popular coin, which has been trading in a falling trend structure for days, took a sigh of relief after the lock opening. How long can this rise continue? What are the critical price zones in SUI?
Unlocking worked for SUI
Considering the 1-Hour time frame, SUI, which created a valid falling channel structure, seems to have broken this structure for now. The pressure of the unlocking on investors and the token has lasted for about two weeks. Having successfully launched 967,400 tokens, SUI has slowly gained upward momentum.
Finally, SUI, which threw a needle at $ 0.4721, managed to break the falling channel structure by exhibiting an upward trend with the completion of the lock opening. SUI, which is currently buying at $ 0.487, can target 0.51 – 0.53 – 0.551 and 0.575 dollars, respectively, as long as the trend continues. BTC’s downside move or a FUD event in the SUI ecosystem will push the price back to $0.482 and $0.472.
