Don’t treat the rally during a token unlock period as a signal of a trend reversal.
SUI’s recent sentiment index has surged to the 71 “slightly greedy” range, and the market looks lively. But what’s truly hanging over it is that it has entered a phased unlock stage—and there’s still a massive amount of locked-in tokens that haven’t been released yet.
Before the flood of sell pressure is unleashed, lifting the price in tandem with greedy sentiment is more like market-making capital is propping up prices to create room for the subsequent distribution.
Don’t forget: this coin has already accumulated nearly an 80% decline. If you really want to hold long-term, better to wait until the subsequently unlocked tokens actually hit the market and the chart can withstand the sell pressure. Right now, buying is betting on a technical rebound from mid-mountain, while you’re actually taking the risk of a massive unlock “bomb.”
#SUI
SUI’s recent sentiment index has surged to the 71 “slightly greedy” range, and the market looks lively. But what’s truly hanging over it is that it has entered a phased unlock stage—and there’s still a massive amount of locked-in tokens that haven’t been released yet.
Before the flood of sell pressure is unleashed, lifting the price in tandem with greedy sentiment is more like market-making capital is propping up prices to create room for the subsequent distribution.
Don’t forget: this coin has already accumulated nearly an 80% decline. If you really want to hold long-term, better to wait until the subsequently unlocked tokens actually hit the market and the chart can withstand the sell pressure. Right now, buying is betting on a technical rebound from mid-mountain, while you’re actually taking the risk of a massive unlock “bomb.”
#SUI