Key Insights:
- Sui price rallies despite upcoming $317M token unlock pressure.
- The breakout confirms a bullish structure, aiming toward the $4.50 zone.
- Volume and ADX signal momentum in favor of bulls.
A token unlock worth over $317 million is set to take place on the Sui network. This event signals a potential major shift in Sui price dynamics.
With SUI currently in a bullish trend, this event could drive intense speculation. It may position the token as a leading contender among Layer 1 performers.
According to analysts on X (formerly Twitter), $SUI has provided a massive breakout. Based on this, although any unlock is looming, the Sui price could still carry on its surge.
Sui Price: Token Unlock Impact and Market Stability
Sui will release 88.34 million tokens, around $317.35 million, according to data from CryptoRank. This will equate to 0.88% of its supply and 2.72% of its market cap.
This figure dwarfs other token unlocks for the same amount this week. The total value of the next six combined, i.e., OMNI, ENA, OP, UDS, RON, and KMNO, does not cross even $150 million.
Large token unlocks often lead to temporary supply-side pressure. Early backers and contributors may seize the opportunity to realize profits, influencing market dynamics.
Sui price action remains stable, suggesting that the token unlock impact may already be priced. Strong demand could also absorb the new supply, preventing any major disruptions.
Sui Price Breaks Out with Force: TradingView
From a technical perspective, the Sui price recently experienced a significant breakout. Among Layer 1 tokens, this was one of the most notable moves in recent weeks.
TradingView charts show that SUI broke out of a multi-month accumulation range. It surged from $2.20 to $3.81, signaling strong bullish momentum.
A bullish candle with significant volume confirmed this breakout. Sui price rose by more than 60% since the move began, in a way that is now leveling near $3.51.
If SUI retests the breakout level around $3.00, it could set up for a strong continuation move. The next key resistance to watch is at the $4.51 level.
A rising channel contains a strong vertical price rally, flat or consolidation along the highs. This structure indicates a healthy profit taking without damaging the uptrend structure. If it holds, a new support base would be between $3.20 and $3.30.
Momentum indicators confirm the current bullish structure. The value of the Average Directional Index stands at 35.92, which signifies that trend strength is very high.
An ADX value above 25 has traditionally signaled a strong market trend. When it exceeds 35, it often suggests that the momentum will persist further. The Volume Oscillator is close to minor negative but steady participation (-20.02%).
The slight drop in volume suggests that the market is staying steady. Rather than panicking or losing interest, it is transitioning into a healthy consolidation phase.
Current Price and Market Sentiment
On April 29, 2025, the Sui price was $3.51, pulling back 6.39% since its recent high. Though this short-term dip, the cryptocurrency has a market capitalization of $11.43 billion and is number 11 on all cryptocurrencies.
If the price of Sui is above $3.20, it would mean that the strength and readiness for the next leg are higher. A trip to the breakout zone near $2.80 will follow if the price starts a short-term retracement below this level.
The upside comes from reclaiming momentum above $3.80, which ushers a path up to the $4.51 resistance. If SUI surpasses that level with substantial volume, it could enter the price discovery zone.
This would open the door for rapid momentum gains, similar to previous L1 token cycles. SUI has historically surged ahead of unlock events. But this time, the Sui price is moving differently.
Despite the upcoming $317 million token unlock, it continues to rise, defying past trends. In many cases, more volatility will occur as we approach the unlock date, but the trend remains positive.
If Sui price gains momentum, it could push through critical support levels. A strong volume rebound might drive it toward the $3.00 zone and potentially beyond $4.50.