News alert 🚨 ‼️ Analysis 🧐
SUI has recently shown strong performance, particularly following its token unlock events. In early November, SUI released 64.19 million tokens, adding around 2.26% of its total supply. Despite this increase in circulating supply, the demand dynamics have remained robust, leading to price surges after similar unlocks in October. Analysts suggest that SUI could rise further, with targets ranging between $2.50 to $2.90 in the short term, depending on market sentiment and trading volumes  .
In the long term, SUI is expected to benefit from its unique blockchain technology and increasing adoption. Price forecasts for 2024 predict a range of $1.60 to $3.50, with further potential growth in 2025 as the ecosystem expands and more decentralized applications are developed  .
Monitoring key levels around these unlock periods and overall market trends will be crucial for assessing the likelihood of further pumps.
