$SUI Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays.
According to DeFi Llama, Sui tokens worth over $138 million will be unlocked on Tuesday, These tokens are part of the monthly unlocks that will happen until September 2069, when the total supply will reach 10 billion.
The four-hour chart shows that the SUI price peaked at $4.9536 this month and then dropped to the current $4 While it has moved below the 50-day moving average, it has also formed an inverse head and shoulders pattern, pointing to a potential rebound in the coming days.
A potential catalyst for the rebound is the January Effect, a situation where most assets rise during the month.
