SUI is about to face a $80 mln major unlock event, which has caused many traders to reevaluate the current market momentum.

From a technical perspective, SUI is currently priced around $1.500000, maintaining a relatively steady upward trend. The RSI indicator reads 56.8, indicating it is neither in the overbought zone nor showing signs of weakness, suggesting the overall technical health is decent. However, the scale of this unlock cannot be underestimated—once the $80 million sell pressure is truly released, the selling force could significantly squeeze the price.

The key now is whether the bulls can hold the line. Looking downward, the support level is set at $1.440000, while resistance is at $1.560000. An important level in between is $1.537500; whether this threshold holds will directly determine the subsequent direction. If this area can stabilize, there may be a continued push toward $1.560000; otherwise, there is a risk of a breakdown and downward movement.

From a trading perspective, my approach is as follows: enter a light position around $1.500000, with a stop-loss set at $1.440000. If the price successfully breaks above the $1.537500 level, consider adding to the position moderately, targeting $1.560000. But if the support at $1.440000 is effectively broken, then it’s time to exit decisively—protecting the principal is always the top priority.

The market presents both opportunities and tests. When the unlock event impact will arrive and how the market will digest this sell pressure remain uncertain. What are your thoughts on this market?