Crypto Market Set for Major Token Unlocks This Week
- Massive Unlocks Ahead: The crypto market is set to unlock over $650 million in assets this week, with Sui, Jupiter, and Sign being the major projects, which could exert short-term pressure on market liquidity and price volatility.
- Sui Token Unlock: Sui will unlock 42.62 million SUI tokens on May 1, valued at approximately $40.39 million, accounting for 1.08% of its released supply, with allocations going to Series B investors, community reserves, and early contributors.
- Jupiter Token Release: Jupiter is scheduled to unlock 53.47 million JUP tokens on April 28, worth about $9.77 million, representing 1.53% of its released supply, with most tokens allocated to the team, indicating strong support for the team.
- Sign Token Unlock: Sign will also unlock 401.1 million SIGN tokens on April 28, valued at approximately $7.05 million, representing 20.78% of its released supply, with 150 million allocated for community incentives, highlighting the project's commitment to its ecosystem.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.81 | 0.863 | 0.903 | 0.956 | 0.996 | 1.049 | 1.088 |
| Fibonacci | 0.863 | 0.899 | 0.921 | 0.956 | 0.992 | 1.013 | 1.049 |
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