✅Sui Network's $SUI Token Unlock🔥: What to Expect ⚠️on January 1?
The cryptocurrency market is experiencing a healthy✅ correction, but Sui Network (SUI) has shown remarkable resilience, maintaining 🔥a 26% gain over the past month.
🔴As SUI prepares for a 64M token unlock on January 1, investors 🤑are eager to know what lies ahead.
🟪Token Unlock Details:
✅64.19 million $SUI tokens will be released, valued at approximately $270 million.
✅The unlock will increase the circulating supply by 2.19%, potentially affecting market dynamics.
🟦Technical Analysis:
✅A symmetrical triangle pattern has formed🔔 on SUI's 4-hour chart, indicating a potential continuation of the prior trend.
🟣Key indicators show mixed sentiment:
✅MACD: Weakening bearish momentum.
✅RSI: Nearing oversold conditions, but not yet extreme.
🟪Possible Scenarios:
✅ A successful rebound from current support could✅ push SUI toward the upper resistance trendline at $4.58.
✅A failure to hold this level may lead to a decline 📉toward lower support zones, impacting short-term sentiment.
⚠️Conclusion:
Sui Network's token unlocks are a planned part of its distribution✅ model. While the upcoming unlock may have a minimal impact on the token's price🔥, investors will closely monitor technical levels for indications of SUI's next move.
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