$SUI Gains 3.7% Despite Looming Token Unlock; ETF Hopes Rise.
What's Happening:
SUI advances to $1.44 (+0.61%), showing resilience ahead of the Jan 1 unlock ($78M).
Grayscale and Bitwise filed for SUI Spot ETFs in December, boosting institutional sentiment.
First 2x leveraged SUI ETF approved by 21Shares signals maturing market structure.
TVL remains sticky despite the broader market fear.
Why It Matters:
Unlocks are usually bearish, but strong price action into an unlock often suggests the market has front-run the fear. ETF filings provide a massive long-term narrative that outweighs short-term supply shocks.
Technical View:
SUI is trending up in a healthy channel. Support is $1.35. Resistance is $1.55. A breakout above $1.60 attacks the ATH.
🎯 Key Levels:
Support: $1.35 | Resistance: $1.55
24h Range: $1.40 - $1.48
💡 "Institutions are looking for the 'Solana Killer' hedge. SUI is the top candidate."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#SuiNetwork #SUI #CryptoETF #Altcoins #DeFi
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
