Sui on June 30, 2025: Will Token Unlocks Halt Price Growth?

Sui on June 30, 2025: $159M token unlock and DeFi growth signal a balanced outlook.

On June 30, 2025, Sui (SUI) is trading at approximately $2.8161, up 2.23% from the previous day. Technical analysis from platforms like TradingView indicates SUI is testing key support at $2.60, with resistance between $3.00 and $3.50. The RSI, around 39.73, suggests oversold conditions, hinting at a potential price reversal. However, an upcoming unlock of 44.25 million tokens worth $159 million on July 1 could introduce selling pressure. Sui’s Layer-1 blockchain, leveraging the Move programming language, offers high speed and scalability, making it a standout in the crypto space. Its total value locked (TVL) exceeds $2.08 billion, driven by strong DeFi and SocialFi growth, with platforms like RECRD and FanTV attracting nearly 1 million daily active users. Daily DEX volume reached $304 million in Q1 2025, nearing Ethereum’s levels. The launch of xBTC and a $2.5 million rewards program with OKX and Navi Protocol have further boosted adoption. However, a June token unlock of 44 million tokens led to a 65% price drop from a high of $5.35, highlighting market sensitivity to new supply. Analysts warn that if demand doesn’t match the upcoming unlock, prices could dip to $2.30 or even $1.92. Conversely, bullish patterns like a bull pennant and inverse head-and-shoulders on the daily chart suggest potential for a rally to $3.50 or higher. SUI’s correlation with Bitcoin (around 0.45) indicates that a Bitcoin recovery could support SUI’s growth. In the short term, traders should monitor support at $2.60 and resistance at $3.00–$3.50. A breakout above resistance could signal a bullish rally, while a drop below support may lead to further declines. For long-term investors, factors like rising TVL, new applications like Walrus, and potential ETFs create a positive outlook. Regulatory risks and volatility from token unlocks, however, require careful risk management. Overall, Sui’s strong technology and growing adoption offer growth potential, but token unlocks pose challenges. Traders should closely track market developments and await confirmation of a breakout at key levels.