$SUI keeps testing the $1.00 resistance, but the repeated rejection may have less to do with fundamentals and more to do with market structure.
Three factors are worth watching:
• Token unlocks — expanding circulating supply can add consistent sell-side pressure.
• Derivatives positioning — rising open interest can amplify volatility around key levels.
• Liquidity absorption — heavy sell orders near $1.00 can slow momentum even when demand remains strong.
The key question isn’t whether SUI has a strong ecosystem.
It’s whether buyers can absorb the supply around $1.00 and hold the breakout.
A clean break with strong volume could change the structure quickly. 👀
Until then, $1.00 remains the level to watch.