• Sui is currently trading at $2.37 with a volume of $813.71 million, showing some bearish movement ahead of the token unlock on December 1.
• Analysts project a short-term drop to $1–$1.50 due to 43.92 million token worth $105 million in new supply being
• Analysts also predict a strongly positive recovery path to $10-20, targeting the $1-1.50 region as an accumulation zone.

Sui (SUI) faces potential short-term downside as market sentiment turns cautious ahead of its December 1 token unlock. Analysts predict a dip toward $1–$1.50 before a possible bullish recovery, with current range-bound trading with minor bearish pressure around the $2.37 level.

Finora AI has also revealed that Sui is trading within a narrow 15-minute range, indicating slight bearish momentum. The analysis points out $2.40 as the immediate resistance level and $2.37 as the major support level, suggesting that traders are observing critical levels to determine short-term directional bias in Sui’s price movement.

According to Finora AI, Sui may test the $2.40 resistance before reversing lower if bearish pressure strengthens, potentially taking the charts down to $2.34, according to Finora AI. If the token breaks out past $2.40, then the possibility of moving up towards $10 or beyond arises.

At the time of writing, Sui is trading at $2.37, with a 24-hour trading volume of $813.71 million, along with a market capitalization of $8.73 billion. Its market dominance is 0.23%, with a decrease of 0.48% in the past 24 hours.

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Sui Token Unlock Worth $105 Million Approaches

A recent post by Crypto Patel predicts that Sui could undergo a short-term correction to $1-1.50 before embarking on the subsequent major bullish move to $10-20. This forecast comes in the backdrop of major news related to the unlock of 43.92 million tokens worth $105 million on December 1.

Analysts also believe the impending unlock could result in some short-term downward pressure due to the added supply in the market. However, Patel points out this dip in the “high-probability liquidity sweep” as an opportunity to purchase, especially to prepare for recovery in the longer term.

If the market structure remains the same, token’s price can surge, making way for SUI to move into double-digit pricing. At the moment, traders’ interest is focused on the $1-$1.50 region, which is identified as the accumulation zone before the token launch in December.

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