SUI Price Faces $0.89 Test as Token Unlock Adds Supply Risk
Photo: ETHNews
SUI has retreated roughly 30% from its September peak, trading near $0.91. A daily close below $0.8862 would weaken its immediate recovery setup. Open interest fell 2.01% to $275.2 million as outstanding leverage contracted. An early-November token unlock adds another factor for traders to monitor. Sui (SUI) is approaching a decisive technical test after a prolonged correction, with weakening momentum, contracting derivatives exposure and an approaching token unlock complicating the prospect of a recovery. At the time of writing SUI trade at approximately $0.9107 on Coinbase, down 0.92% during the session.
Source: ETHNews
