$USDC #
The cryptocurrency #SUI🔥🔥🔥🔥 is facing imminent risk due to a significant unlocking event, causing concern among investors. With 34.62 million tokens set to be released on May 3, worth $39.46 million, representing 1.48% of the circulating supply, the market is on edge about its potential impact on price.
This unlocking, occurring amidst a market downturn, poses heightened selling pressure and raises the stakes for SUI holders. If the unlock triggers a downward spiral, SUI could plummet to levels between $1.0077 and $0.6664, with a breach of $0.90 signaling further sell-offs. However, positive developments, like BTC maintaining daily closings above $60,000 or a decrease in BTC dominance, could fuel a resurgence in SUI.
In such a scenario, resistance levels to watch would be $1.2808, $1.3632, $1.4504, and $1.5466, with surpassing $1.45 instilling confidence in both investors and the #SUI🔥🔥🔥🔥 ecosystem.
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