$SUI trades firmly at $1.44, shrugging off the Jan 1st unlock supply shock as ETF filings from Bitwise & 21Shares drive demand.
What's Happening:
SUI trades at $1.44 (+3.7%), showing surprising strength post-unlock.Bitwise and 21Shares have filed for Spot SUI ETFs, creating a potent institutional narrative.A $60.39M token unlock hit the market on Jan 1, but price action suggests it was fully absorbed by buyers.On-chain metrics show DEX volume spiking, indicating renewed ecosystem activity.
Why It Matters:
Unlocks are usually bearish, but when price rallies through an unlock, it signals massive demand. The ETF narrative is acting as a "liquidity sponge," soaking up the new supply. SUI is positioned as the high-performance alternative to SOL for institutions.
Technical View:
SUI has reclaimed the $1.40 level and is eyeing $1.50. A break above $1.50 clears higher timeframe resistance. Support at $1.35 remains solid.
🎯 Key Levels:
Support: $1.38 | Resistance: $1.5024h Range: $1.39 - $1.46
💡 "Adoption absorbs inflation."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#SuiNetwork #SUI #CryptoETF #Altcoins #MoveVM Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.