$SUI 's community access program is offering incentives, which might lead to a new high for the stock price.

The technical indicators are showing signs of bullishness, and the Sui price is still above the midline of an ascending parallel channel.

SUI has the potential to reclaim the $2.1829 high set on March 27th, extending the gains by 15%

Wednesday marks the scheduled unlock of 34.62 million SUI tokens, with a value of almost $67 million.

Regardless of the murky seas in the Bitcoin (BTC) price, the Sui (SUI) price is trading with a positive bias. As the network prepares for a favorable event, it is likely to continue gaining ground inside its bullish technical configuration.

Motive from SUI's Community Access Program has the potential to spark a movement
At the April 3rd token unlock event, the Sui network will distribute 34.62 million SUI tokens, or $66.8 million at today's exchange rates, to fund its community access initiative. There are 2.7% of the total token supply in circulation that are these tokens.

Tokens are being made available to the community for a variety of uses when an unlock event occurs in a community access program. Members of the community may be able to stake their tokens for prizes, take part in governance decisions, or spend their tokens in the project's ecosystem, among other things.

The launch of community tokens is part of a larger effort to boost decentralization, community involvement, and participation in the project's development and growth. The Sui price may be encouraged by these positive factors.

If purchasing pressure increases, the Sui price might break through the $2.1829 resistance level and set a new range high above it, maybe even nipping at the $2.5000 mark.

Additionally, the 50-, 100-, and 200-day Simple Moving Averages (SMAs) provide strong support on the downside, shadowing the Sui price from below. These levels might serve as potential reversal points for SUI bulls looking to refuel.

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