SUI faces a $82.81 million unlocking pressure this month. Can it hold at $1.33?

Question

[Coin World] SUI has recently been under some pressure. On December 1st, 82.81 million dollars worth of tokens will be unlocked, and with weak buying interest already, this wave of liquidity adds even more pressure. The price is currently stuck around 1.50 dollars, and it just can't break through the range of 1.58-1.60.

From a technical perspective, it is crucial to hold the line at $1.33. If we can break through the current descending channel, we might reach $1.58. However, the overall market sentiment is cautious, Bitcoin miners are still selling, and altcoins are not faring well.

There is some news: a leading compliant platform will launch SUI futures on December 5th, which may bring some excitement in the short term and see if it can change the situation.

ContractBugHunter · Accepted Answer

It&#39;s going to get dumped again, if 1.33 can&#39;t hold, a rebound is hopeless.

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In December, it&#39;s going to Be Played for Suckers again, who will catch a falling knife for this batch of unlocks?

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It&#39;s strange to think futures can pump, it might end up getting dumped even harder then.

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With buy orders this weak, and miners still dumping, SUI is concerning this weekend.

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If it can&#39;t stabilize at 1.50, expecting 1.58? You&#39;re thinking too much, buddy.

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Let&#39;s wait and see if there are any surprises on December 5th, those holding positions must be anxious.

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80 million USD got dumped, this is going to test confidence.

MidnightSnapHunter · Answer

Dumping is about to happen again, it seems that the 1.33 line won&#39;t hold either.

Over 82 million unlocking volume is really outrageous, Bitcoin is still falling, what can SUI resist with.

Futures launch won&#39;t save anything, in times like this, market rescue is just a farce.

BearMarketSurvivor · Answer

It&#39;s another job of unlocking and dumping, SUI really needs to hold at 1.33 this time, otherwise it will break the psychological barrier.

Can the futures launch save it? It feels like just a temporary hype; in the long run, we still have to see the market&#39;s mood.

With over 80 million in selling pressure and such a weak buying side, I think it&#39;s precarious.

If you ask me, if it breaks 1.33, just go all in on a short order, don&#39;t hesitate.

Whether it can rebound this time depends on whether that descending channel can be broken; technically, it looks pretty bad right now.

There might be a rebound in the short term, but the overall market sentiment is here; altcoins are just running alongside.

BearHugger · Answer

Another unlocking wave, SUI is probably going to take a hit this time.

If 1.33 can&#39;t hold, it will directly go bankrupt.

Can this futures listing save the situation? I&#39;m not too confident.

Miners are still dumping, who dares to buy the dip?

Let&#39;s wait and see, it feels like it will fall further.

BearMarketHustler · Answer

It&#39;s about to break again, this wave of SUI is a bit precarious, who can withstand the dumping of over 80 million?

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Is 1.33 really the line of life and death? It feels like it has to be tested sooner or later.

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Can futures listings save us? I think it’s unlikely; the miners have all run away, what can we hope for?

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If we can&#39;t break 1.58, let&#39;s just accept our fate; we can&#39;t move in this round.

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Who dares to look at SUI in a Bear Market? It takes a lot of courage.