SUI Price Drops to $2.27 Amid Major Token Unlock - Market Analysis & Price Prediction

The SUI cryptocurrency has experienced significant downward pressure, with prices sliding to as low as $2.27 following concerns surrounding upcoming token unlocks. Market analysts attribute this breakdown to investor anxiety over increased token supply entering the market. The token unlock event has triggered substantial selling pressure across major exchanges, with trading volume spiking by over 45% during the decline. Technical indicators show SUI breaking below key support levels, suggesting potential further downside if current market sentiment persists. Crypto traders are closely monitoring the $2.20 support zone, which could determine the next major price movement for the digital asset.