Great danger in this altcoin: Hours left for critical development!

#Sui (SUI), which created great expectations for the 2024 bull, started to spread fear with its lock opening in a short time.

SUI, one of the most popular cryptocurrencies of recent times, came to the fore with the unlocking. SUI, which will unlock on May 3, will release 34.62 million tokens ($39.46 million). It is eagerly awaited how these SUIs, which constitute 1.48 percent of the circulating supply, will affect the price. So what levels should SUI investors watch in this process?

#SUI , which will realize a lock opening worth nearly 40 million dollars in total, naturally created panic in its investors. The popular coin, which performs regular unlocks, may be in a more risky position this time. The lock opening, which coincides with the market's retreat, may increase the selling pressure for SUI in a short time.

#SUI , which was traded at $1.1152 as of the writing of the news, could be withdrawn to $1.0077 – 0.9211 – 0.7853 and $0.6664 respectively in such a scenario. The loss of the short-term bottom of $0.90 may trigger a new selling wave in the parity.

If the #SUI stem makes positive developments, #BTC makes daily closings above $ 60,000 or BTC dominance decreases, an increase in the parity can be expected. In such a scenario, the levels that can be followed as resistance levels will be 1.2808 - 1.3632 - 1.4504 and 1.5466 dollars, respectively. Exceeding $1.45, which is the area where the decline was triggered, will give confidence to both investors and the SUI ecosystem.
$BTC $SUI