151 million sui token unlock this week: will sui be held?

SUI is set for the main supply event, with a $ 148.29 million, scheduled for release 1. April, sparking concerns about the potential sales pressure and its influence on its influence on the sui price.

Toward data From tokenimist, this unlock represents 2.03% of SUI (Sui) Circulating supply, which currently stands at 3.17 billion sui. However, only 31.7% of the total 10 billion bid is unlocked, indicating that more emissions are expected in the future.

It was also a significant movement in the Sui decentralized funding ecosystem. The monthly volume of trade in decentralized exchange reached $ 5 billion, and the market capitalization of Stablecoins almost doubled from $ 370 million in December to 628 million dollars a day 31. Marta.

In the middle of a crypt market, the total locked Sui, fell from the top of $ 2.08 billion in January to 1.2 billion dollars, according to the defiles data.

SUI currently trades $ 2.32, in accordance with the 20-day simple average average, with resistance to $ 2.37. The next important resistance level is 2.64 and 2.78 if the price grows above this level. The closest level of Support on Pad is $ 2.23. The drop to $ 2.00 can happen if the pressure selling increases.

Technical indicators indicate a momentum that is neutral to the treasure bear. The relative strength index, to 44.5, shows weak interest in shopping, while MACD is still negative, suggesting current sales pressure. However, Stahastic RSI is approaching a reseller, which indicates a possible short-term leap.

After the intended unlocking tokens, SUI can see short instability because traders react to an increased offer. Consolidation and behavior of $ 2.37 can follow if customers protect $ 2.23 support. A violate Below this tag, however, can result in additional reduction in the amount of $ 2.00.

However, the positive development of ecosystems such as sui-related fund canari capital submission And Blockcack recently exceeds 100 million total accounts, can strengthen the feeling. SUI can surplify through $ 2.37 and test $ 2.64 in the coming weeks if they buy interestmates outlasts the sale of pressure.