📈Current Price: $4.56

Technical Analysis:

The SUI token continues to move within an ascending wedge. Currently, a correction is expected in the range of $4.1–4.3, where the nearest support zone is located. After that, a rise to $5.5 is likely, 🚀which is an important resistance level. A breakout of this level may lead to further strengthening of the token.

Fundamental Data:

1. ‼️Token Unlocking: On January 1, 2024, a significant unlocking of SUI worth over $225 million will occur, which may increase pressure on the price. Be cautious during the period before and after this event, as the market may react with increased selling.

2. Integration with Phantom Wallet: Improves the accessibility of SUI, which may support user interest.

3. Ecosystem Growth: An increase in TVL to over $1.5 billion demonstrates steady growth of the blockchain.

🐘Conclusion:

• Short-term: A correction to $4.1–4.3 is possible. This is a zone for looking for entry points.

• Mid-term: The growth target is at the level of $5.5, but the risk of unlocking should be considered.

• Recommendation: Closely monitor the dynamics before January 1 to timely respond to possible supply pressure‼️