This bearish trend appears to be explained by a combination of technical and supply factors. The token has been evolving in a descending channel for several weeks, dropping below its 50-day moving average. SUI’s weakness is also part of a broader pullback in the crypto<\/a> market, affected by recent geopolitical tensions.<\/p>\n\n\n\n However, SUI has perfectly bounced off its daily POC at $2.3<\/strong> and has risen 27%<\/strong> since then. The RSI shows buyers returning to the market. For now, the CMF remains negative, so caution is still advised in the short term, even though the token appears poised to recover the $3.6<\/strong> level soon. Breaking through the trendline at $3.09<\/strong> would confirm this new bullish trend for the token.<\/p>\n\n\n\n Another factor weighing on SUI is the recent unlocking of 44 million tokens<\/strong> by the Sui Foundation, worth approximately $120 million<\/strong>. This is just the first step in a long-term plan that anticipates adding more than 55 million tokens per month until 2030. This recurring supply creates a risk of oversupply.<\/p>\n\n\n\n![\"SUI](\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/07\/image-14.jpeg\")
<\/figure>\n\n\n\nA New Wave of Token Unlocks, an Additional Risk<\/h2>\n\n\n\n