- SUI maintains a strong bullish trend inside an ascending channel despite recent token unlock-driven price pullbacks.
- Monthly unlocks worth $140M may trigger sell pressure, but re-accumulation between $2.70–$3.50 keeps the bullish setup intact.
- Price targets between $6.50 and $15 remain in play as long as SUI holds above key support and respects its upward trendline.
SUI/USDT is drawing attention as it maintains a strong bullish structure on the weekly chart. Despite a recent pullback, its long-term trend remains intact. As of June 2025, SUI trades near $3.23, retreating 10.22% from its recent local high of $3.60. This decline aligns with an important technical area between $2.70 and $3.50, known as the re-accumulation zone. Price has held this zone over several weekly closes. However, a key factor weighing on sentiment is the consistent monthly token unlocks.
Around 44 million SUI tokens, worth roughly $143 million, were unlocked recently. This adds to a pattern of monthly unlocks estimated near $140 million. While only 33.87% of the total supply is unlocked, over 66% remains locked. Early investors and the SUI team control this portion. Consequently, these scheduled releases could generate ongoing sell pressure, especially during weaker market phases.
Technical Structure Remains Bullish
Despite the unlocks, SUI maintains a bullish market structure within an upward channel. This trend began in late 2024 after a sharp correction from its March 2024 peak. The channel guides higher highs and higher lows, confirming upward momentum. Price currently trades near the channel’s mid-range, just above dynamic support. Moreover, volume during the recent dip reached 353.56 million, suggesting healthy market interest.
Source: Crypto Patel
Below the re-accumulation area, a key support zone sits between $1.70 and $2.20. This level acted as a base in late 2024 before the recent recovery. Any breakdown below $2.70 could lead to a test of this support. However, continued strength above $3.50 may spark a rally toward $6.50 or even higher.
Long-Term Outlook Targets $15
Projections place potential targets between $6.50 and $15. These assume that the re-accumulation range holds firm. The ascending channel’s upper boundary intersects with these targets, reinforcing their viability. Green demand zones also mark past rebound levels, giving bulls further confidence. Buyers have repeatedly defended this trend, respecting each retracement as a buying opportunity.
Additionally, market rhythm suggests continued consolidation before a strong breakout. Hence, if SUI stays above the upward trendline, a bullish continuation seems likely. Overall, while unlocks may cause short-term dips, the long-term structure still supports higher price targets.
