SUI Price Drops 2.1% as 44 Million Token Unlock Creates Selling Pressure
Luisa Crawford Sep 01, 2025 07:47
SUI price sits at $3.24 after falling 2.1% in 24 hours, with technical indicators showing bearish momentum as 44 million tokens unlock today.
Quick Take
• SUI currently trading at $3.24 (-2.12% in 24h) • SUI RSI at 40.72 signals neutral zone with bearish momentum building • 44 million SUI token unlock scheduled for September 1 creates immediate selling pressure
What's Driving Sui Price Today?
The SUI price faces immediate headwinds from today's scheduled unlock of 44 million tokens, representing approximately 1.25% of the circulating supply. This token release has historically created short-term volatility for SUI, and today's 2.12% decline reflects typical market reaction to increased supply.
Despite this near-term challenge, underlying fundamentals remain strong. Institutional confidence in SUI continues growing, with Sygnum Bank now offering SUI custody services and Mill City Ventures purchasing $470 million in tokens. This institutional backing provides a counterbalance to retail selling pressure from the token unlock.
The most significant long-term catalyst emerged from Sui's ecosystem achieving over $100 billion in stablecoin transfers during August. This milestone demonstrates real utility and adoption, suggesting the current SUI price decline may be temporary rather than reflecting fundamental weakness.
SUI Technical Analysis: Bearish Signals Emerge
Sui technical analysis reveals mounting bearish pressure across multiple timeframes. The SUI price currently trades below all major moving averages except the 200-day SMA at $3.14, which now serves as critical support.
SUI's RSI at 40.72 sits in neutral territory but trends downward, indicating selling momentum without reaching oversold conditions yet. The MACD histogram at -0.0399 confirms bearish momentum for SUI, with the signal line crossing below the main MACD line.
Bollinger Bands analysis shows SUI price near the lower band at $3.13, with a %B position of 0.1389 suggesting the token approaches oversold levels. This positioning often precedes short-term bounces, though the overall trend remains concerning.
The Stochastic oscillator paints the most bearish picture, with %K at 14.06 and %D at 11.38, both deep in oversold territory. For SUI traders, this could signal either continued selling or an imminent reversal.
Sui Price Levels: Key Support and Resistance
Critical Sui support levels emerge at $3.15, which aligns with both the Bollinger Band lower boundary and immediate support. A break below this level could trigger accelerated selling toward the strong support at $3.15, creating a double-bottom scenario.
SUI resistance faces multiple obstacles above current levels. Immediate resistance sits at $4.18, followed by strong resistance at $4.44. The SUI/USDT pair must reclaim the 20-day EMA at $3.52 before attempting these higher levels.
The current trading range between $3.15 and $3.34 represents today's battle zone. SUI price action within this range will likely determine short-term direction, with volume providing confirmation signals.
Should You Buy SUI Now? Risk-Reward Analysis
Based on Binance spot market data, SUI presents different opportunities depending on trader timeframe and risk tolerance.
Short-term traders should exercise caution given the token unlock pressure and bearish technical momentum. The SUI price could test $3.15 support before finding stability, making this level a logical entry point for aggressive buyers.
Medium-term investors may find current levels attractive, considering the strong institutional backing and ecosystem growth. The $100 billion stablecoin transfer milestone suggests fundamental value above current SUI price levels.
Risk management becomes crucial at these levels. Stop-losses below $3.10 protect against extended downside, while profit targets at $3.70 (50-day SMA) offer reasonable risk-reward ratios for SUI positions.
Conservative traders might wait for SUI RSI to reach oversold levels below 30 or for price to establish clear support above $3.24 before entering positions.
Conclusion
The SUI price faces short-term pressure from today's token unlock, but strong fundamentals suggest this decline may be temporary. Technical indicators show bearish momentum, with key support at $3.15 determining near-term direction. Traders should monitor volume and institutional buying for signs of accumulation at these levels over the next 24-48 hours.
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