Sui (SUI) is moving like a coin that has real buyers behind it. After a $65M token unlock hit the market, SUI did not roll over.
The SUI price held its ground and then pushed higher, which is not how weak charts behave. At the same time, SUI posted a strong 24-hour move and reclaimed the $1.80 area, bringing the $2.00 level back into focus.
However, Crypto Winkle’s thread frames it in a simple way. The move is not only about price. It is about structure, activity, and liquidity all showing up at once.
First, the break above $1.80 matters because it acts like a line in the sand. The SUI price traded below that zone for a while, then flipped it and kept going.
Second, on-chain activity is up around 30% since late November, which points to growing usage rather than a one-off pump.
Third, ETF filings add a different kind of context. It does not guarantee anything, but it keeps SUI in the same conversation as other assets that institutions track.
Fourth, the unlock getting absorbed is a key detail. Unlocks often bring selling. In this case, buyers met that supply and price moved higher anyway.
Finally, liquidity shows up in the volume figure. $1.7B in trading volume on a $7.3B market cap is not thin trading. It means the market can move size without falling apart.
What the SUI Chart Shows
On the daily chart, the SUI price has started to carve out a rounded base after a long slide from the highs. The bounce comes from a demand band around the mid-$1 area, where price found support more than once.
The chart also shows a clear reclaim off that base, with price now trading around $1.96. The next area that matters sits near $2.00. A clean hold above that level would confirm that buyers control the short-term trend.
_****BNB Price Keeps Grinding Higher – Here’s Why Dips Keep Getting Bought**
Source: X/CryptoWinkle
Above that, the chart points to the $2.20 zone as the next checkpoint, followed by the low-$3 area where prior selling showed up.
On the downside, the market now watches the $1.80 level. If SUI loses that zone again, the move turns into another range instead of a trend.
Moreover, the SUI price looks constructive as long as it holds above prior value and keeps building above $1.80. The unlock did not break the trend.
Activity and liquidity did not fade. If price holds above $2.00, the next leg higher stays on the table.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Five Major Funds "Restrict" Private Credit Redemptions, Impact on Cryptocurrency Liquidity Ahead of FOMC
Since late February, multiple private credit fund managers have restricted redemption requests, creating a liquidity crisis. Investors may turn to liquid assets like Bitcoin to raise funds. With the FOMC meeting approaching, this could further exacerbate fragility in the crypto market, while rising credit risk at Deutsche Bank has intensified market anxiety.
MarketWhisper4m ago
How likely is it that HYPE will increase fivefold? HIP-3 is the most powerful engine.
Author: Ishika Kumari, AMB Crypto
Compiled by: Peggy, BlockBeats
Editor's Note: Against the backdrop of increasing macroeconomic uncertainty and persistently low sentiment in the crypto market, an intriguing divergence is emerging: investor sentiment remains in the "extreme fear" zone, while some asset prices are gradually beginning to rise.
Recently, a decentralized derivatives trading platform
PANews1h ago
Bitcoin Finally Won? JPMorgan: Funds Shift After Iran Tensions, Bitcoin ETF Inflows Surpass Gold
JPMorgan report shows that since the onset of the Iran conflict, Bitcoin spot ETFs have experienced capital inflows of 1.5%, while gold ETFs have seen capital outflows of 2.7%. This phenomenon indicates that market preferences for safe-haven assets are shifting and reflects rising institutional investor attention on Bitcoin. However, institutions still prefer gold and maintain a cautious stance on Bitcoin. Analysts are optimistic about Bitcoin's long-term prospects and forecast a price target of $266,000.
ChainNewsAbmedia1h ago
On-chain activity is exploding, but Ethereum can't seem to gain momentum? Experts reveal the "fatal weakness": could drop to $1,500
CryptoQuant reports indicate that Ethereum faces an "adoption paradox," where despite network activity reaching new highs, the token price has declined. If the bear market continues, Ether could potentially fall to $1,500 by the end of the third quarter. Smart contract activity has risen while decoupling from Ether's price, with exchange inflows being a better reflection of price dynamics. Weak investment demand and continuous capital outflows remain the primary concern.
区块客1h ago
Pi Network Lists on Major CEX, Price Surges 30% in a Month Before Pi Day
Pi Network has seen a recent trading price increase of approximately 10%, primarily driven by the upcoming listing of the PI token on a major U.S. centralized exchange and Pi Day, which has boosted retail investor confidence. Technical analysis shows a bullish outlook in the short term, though caution remains warranted for the medium to long term. Community sentiment has warmed, indicating renewed retail interest, which provides support for short-term upside potential.
MarketWhisper1h ago
Ripple Splurges $750 Million on Share Buyback While XRP Continues Declining: Why Is the Company's Strategy Diverging from Token Value?
Ripple announced a $750 million stock buyback, with its company valuation potentially rising to $50 billion, yet the XRP token price continues to decline, exposing a decoupling phenomenon between the company and the token. Market confidence in Ripple and XRP is gradually diverging, requiring investors to clarify whether they are investing in company strength or token value, as they face challenges from regulation, utility, and market patience.
PANews2h ago
