🚨 Updated SUI May 12

Everyone cares a lot about Sui, about the price and the future direction. Today, let's take a quick look at SUI's direction in May with Trading Insight!

👉 May 3 - Sui (SUI) unlocked 805 million tokens (accounting for 62% of the circulating supply), worth 955 million USD, which must be called unlocking a large amount of tokens. Although the platform is good, it is not very positive.

👉 The triangle amplitude and bullish trendline were broken at 1.12-1.15.

👉 The trading volume of sui is also decreasing, the amount of unlocked tokens also greatly affects the ability to buy sui to hold for investors during this time.

👉 The support zone at 0.64-0.83 is the hard support zone in Sui's Daily and Weekly frames. At $1, it is currently the support zone, but before that liquidity was taken away, so the support is very weak. In addition, external factors affect Sui's price reduction.

From my personal perspective, SUI is quite negative, and is likely to drop to 0.6-0.8 as the support level I expect.

👉 Long-term Target with Sui is still 1.5 to 2$ but to collect goods with Sui for me it's less than 0.8.

This is a personal view, everyone can refer to it. Don't forget to follow and interact with Trading Insight.