$SUI

Today, the SUI coin is experiencing mixed signals in the market. Recently, the token surged by 8%, which sparked a bullish sentiment among traders, particularly after it reclaimed support at the $0.84 level. This move positioned SUI as one of the top gainers in the crypto market, driven by network developments and increased investor interest【8†source】. However, SUI has been trading below $1, with its current price around $0.94【9†source】【10†source】.

From my perspective, this presents an opportunity to highlight the resilience of the SUI ecosystem despite recent market volatility. The growing total value locked (TVL) in its network, now at $630 million, reflects increased demand and confidence among investors【9†source】. However, caution is necessary due to bearish trends in derivatives markets and upcoming token unlocks, which could lead to short-term sell pressure【8†source】.

Strategically, a "hold" approach might make sense for long-term investors if SUI manages to break the $1 resistance level, which could trigger a stronger upward movement. But for short-term traders, keeping an eye on the upcoming token unlock on October 3rd and the $0.84 support level is critical, as these could cause further volatility【9†source】.

As me, I'd focus on reinforcing the strengths of SUI's platform while managing market expectations during this period of uncertainty.