Will SUI Bounce Back or Sink? Find Out Now! 🤔💸

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Will SUI Bounce Back or Sink? Find Out Now! 🤔💸

  • SUI took a nosedive of almost 21% since its early May high, as bulls kept hitting the wall like a bad meme. Support? Nope.
  • The latest 44 million tokens being unleashed could totally swing the game — it’s like a crypto game of chance, but with more tears.

Sui [SUI], the crypto version of that friend who always says “trust me,” kicked off June by dropping a modest 44 million tokens—about 2% of its stash—into the wild crypto jungle. Think of it as SUI’s version of pocket lint, but hey, every little bit counts, right? 🪙

And of course, everyone’s asking: “Is the market ready for this flood of new tokens, or are we about to see another episode of ‘Crypto Panic’?” Honestly, the timing feels about as good as a Monday morning coffee—rough.

Back in early May, SUI hit $4.15 after four months of being stuck in the crypto basement. Finally, it broke out! But then—like a bad sequel—it slid nearly 21%. Even Bitcoin, the king of HODL, couldn’t lift SUI’s spirits. Sad.

What’s worse? Every time the bulls tried to play nice and support the price, the bears smacked them down like a poorly executed TikTok dance. Three support-building attempts? Fail! Now it’s looking like the bears are running the show. Drama.

With all this price rollercoaster action, the 44 million SUI unlock could go in two totally different directions. If the demand gods show up and stir things up, shorts might get totally caught off-guard, leading to a short squeeze so juicy you’ll want to wear a bib.

But if demand stays MIA? Well, buckle up for a deeper slide—maybe even below that scary $3 support level. Who knew a little token unlock could cause so much chaos? 🤷‍♀️

SUI’s on-chain signals: It’s complicated, but makes for good soap opera

CryptoQuant’s data shows SUI’s 90-day Spot Taker CVD just flipped from red to green—the first time since last year’s “Trump Pump.” Because nothing says “buying pressure is back” like confusing acronyms and charts.

This green light? It’s the sign that people are starting to scoop up SUI again, like that friend who finally admits they’re interested after ghosting you for months. Back at $5.36 in January, SUI was basically the crypto prom queen.

But hold up—since May 22, SUI’s Futures Taker CVD has been stubbornly red, meaning folks are still betting against SUI, betting on a further fall. It’s like a weird dating game where some want to kiss it goodbye, while others are secretly hoping for a rebound.

This divergence? Pure Hollywood. Spot buyers are stacking up chips, while futures traders are betting on a fall—making a potential short squeeze more tempting than free pizza.

And guess what? That recent token unlock seems to have reanimated some bias-support. If demand keeps the momentum, SUI might flirt with $3.50 resistance, eventually aiming for that elusive $4.00 climb—mountains are made of small steps, right? Or just a pump and dump? Stay tuned! 🚀

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2025-06-03 18:20