Sui (SUI) is at a crossroads. The layer‑1 token, which has slid about 63.9% in the current downtrend, is testing a key resistance zone on its chart just as a fresh supply wave is set to hit the market — a combination that could determine its next major move. Why the unlock matters - DeFiLlama records an upcoming unlock worth $80.41 million — about 1.11% of SUI’s total supply and 1.48% of its circulating float. - A tranche of that allocation, reportedly 0.25% of the unlock, is earmarked for early contributors and is valued at roughly $12.58 million. Early contributors often sell into unlocks, so this release could add tangible selling pressure. - If selling is coordinated or heavy, the inflow could push prices down from the $1.41 level seen at press time. Recent market activity - Price moved up 3.45% over the past 24 hours, but trading volume fell to $291.41 million (down 8.99%). Rising prices on declining volume often signal weak conviction behind the move. - Spot flows show growing caution: CoinGlass reports about $5 million in net outflows across the past 48 hours, with selling peaking on December 27 — the first notable outflow in over a week. - On the other hand, some metrics point to continued interest: total value locked (TVL) rose to $922.25 million, with $24.8 million of inflows in the last day (DeFiLlama). Derivatives picture and on‑chain nuance - Perpetual markets show increasing long-position volume and a positive funding rate, indicating more leverage is being used on the bullish side (CoinGlass). That can both support rallies and amplify downside if longs are liquidated. - The unlock’s timing increases the odds that leveraged long positions — and early sellers — will influence price direction in the near term. Technical outlook - SUI is trading into a pivotal resistance zone. If it fails to break higher, price pressure could resume and push SUI toward lower levels, potentially testing the $1 area. - A convincing breakout above resistance, however, would put a run at reclaiming $3.10 on the table — a level last seen on October 6 ahead of a major liquidation cascade. - In short: SUI sits in a mid‑range setup where the immediate winner between buyers and sellers will dictate the next leg. Bottom line The upcoming $80.41 million unlock is the headline risk for SUI right now. While on‑chain TVL growth and bullish derivatives flow signal pockets of confidence, weakening volume and fresh net outflows show investor caution. The token’s short‑term fate will hinge on whether bulls can overpower the unlock-induced supply and clear the key resistance level — or if sellers use the event to push prices lower. Source notes: DeFiLlama, TradingView, CoinGlass. Disclaimer: This article is informational and not investment advice. Cryptocurrency trading is high risk; do your own research before making decisions. © 2025 AMBCrypto. Read more AI-generated news on: undefined/news