#SUI/USDC Daily Chart Analysis and Unlocking Outlook on September 1
Recently, the daily chart of SUI/USDC shows significant price volatility, with the current price at $3.3140, up 0.30% from the previous day. Observing the chart, the price rose from a low of $2.2945 to a high of $4.4440 before retreating, currently situated in the $3.2-$3.3 range. Users have pointed out that this range has been touched and rebounded three times, indicating it as a strong support level, accompanied by a decrease in trading volume, suggesting a decline in market participation. In terms of technical indicators, MACD is bearish (DIF: -0.0823, DEA: -0.0441), and RSI has entered the oversold zone (K: 21.8489), implying a possible rebound or further testing of support in the short term.
It is noteworthy that, according to online data, a significant unlocking of SUI will occur on September 1, 2025, releasing approximately 35.12% of the total supply (351 million tokens), potentially worth billions of dollars. This move aims to enhance liquidity but may bring selling pressure, especially if demand is insufficient. Historical unlockings (such as May's $317M) indicate that prices may fluctuate, but the growth of the SUI ecosystem (such as DeFi TVL reaching $1.76B) may provide support.
The impact on the 3.2-3.3 support needs to be closely monitored: if trading volume surges post-unlocking and prices stabilize, the support will be stronger; if it breaks, the next support is around $2.2945. Investors are advised to pay attention to market reactions on September 1, combining trading volume and candlestick patterns to judge trends. In the long term, the continued development of the SUI ecosystem may alleviate unlocking pressure, warranting ongoing observation.
$SUI
