SUI Analysts Eye $1–$1.50 as Key Accumulation Zone Ahead of December Unlock

SUI’s $105M token unlock may cause short-term selling before a potential bullish rebound.

Analysts identify $1–$1.50 as a key accumulation zone supporting SUI’s long-term bullish setup.

Bullish RSI divergence signals early recovery signs, with possible upside toward $3 by late November.

SUI is showing mixed market signals as traders prepare for a major token unlock scheduled for December 1. Around 43.92 million SUI, valued at approximately $105 million, will enter circulation. Analysts suggest this may trigger short-term selling pressure before the next bullish wave develops, possibly leading prices back toward $10–$20.

SUI Faces Short-Term Pressure Before a Potential Rebound

According to analysis by Crypto Patel, SUI’s long-term chart maintains a strong bullish structure despite near-term downside risk. The token experienced a major breakout in late 2023, surging 1388.64% to reach $5.06. Price corrections later established key supports between $0.83 and $1.03, with new resistance forming near $4.50.

The upcoming unlock event could cause a temporary dip as additional supply enters the market. Analysts project a possible retracement toward the $1–$1.50 range, forming what they describe as an accumulation zone. “A liquidity sweep below $2 could reset the market for another upward expansion,” said Crypto Patel in his latest outlook.

Volume analysis indicates that momentum has slowed above $3, while Fibonacci retracement levels point to potential demand zones near $0.78 and $1.00. Should support hold, the next upward move could target between $10 and $20, continuing the pattern of higher lows seen since mid-2024.

Bullish Divergence Signals Possible Recovery

According to an observation by CryptoBullet, SUI is showing early technical signs of recovery on the daily chart. A bullish divergence has formed between price and the Relative Strength Index (RSI), with the RSI making higher lows while price records lower lows near $2.37.

Source: CryptoBullet(X)

The divergence suggests a possible short-term bounce. The token previously dropped from above $3.50 in early October to $2.20 before stabilizing. CryptoBullet noted that “momentum is improving as RSI rises from oversold conditions,” indicating the potential for recovery toward the $2.80 to $3.00 range by late November.

Data from DeFiLlama supports the broader growth of Sui’s ecosystem, showing $1.679 billion in total value locked and strong user activity. Despite temporary declines, liquidity and engagement remain steady across DeFi applications. If SUI maintains its structural support through the unlock phase, analysts believe the foundation for its next bullish leg remains intact.

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