Overview
- SUI trades near $2.35–$2.44, with bulls defending the $2.28–$2.50 band after a roughly 27% monthly decline and a recent multi-day pullback.
- About 43.96 million SUI worth roughly $103.3 million unlock on Nov. 1, equal to 1.21% of circulating supply, a setup analysts say could increase short-term volatility.
- Immediate technical hurdles include the 10‑day EMA near $2.48 and the $3.00 level, with a triangle consolidation leaving room for a breakout if resistance is cleared.
- Failure to hold key floors could see downside toward $2.23 and $2.00, with one analysis warning of a slide to about $1.43 if $2.40 gives way.
- On‑chain and market signals are mixed, with TVL slipping to $1.74 billion as DEX volume rises to $23 billion in October and open interest edging up to about $819 million, reflecting divided sentiment.