SUI Under Pressure as Unlocks Loom

[Zeekiel]

SUI has been struggling, slipping 4.6% in the last day to $3.67. The token is now more than 16% below July’s $4.30 high and a steep 32% off its all-time peak of $5.30. With daily token unlocks lined up in the week ahead, traders are bracing for more sell-side pressure.

In choppy markets like this, been leaning on BingXAI to keep perspective. My latest read shows a tiny -0.82 USDT dent in spot, mostly from TRUMPSOL-USDT, and no open contract positions. Futures are quiet too, with just -1.43 USDT realized loss. TRUMPSOL’s chart has been lively jumping from 8.93 to 9.68 before easing back to around 8.75.

With the unlock wave approaching, will SUI’s price stabilize or are we heading for deeper lows before the next rebound?