The Sui Coin price dropped more than 12% in 24 hours to $1.34 after falling below $1.40. This drop came after the market had already lost 59% over the last 90 days. Traders are now watching to see if this decline signals a moment of exhaustion or more pressure to come.
New Supply Enters a Market Already Under Stress
Roughly 0.56% of SUI’s total supply, worth about $82 million, was unlocked on December 1, expanding the circulating supply and increasing sell-side pressure.
Because Sui has underperformed historically in the week after unlock events, averaging –8.2% over seven days, traders entered the day expecting volatility.
This unlock landed at a sensitive moment: SUI’s market cap has dropped to $4.95B, while trading volume surged above $900M as short-term holders repositioned.
With no apparent demand offsetting the unlock, sell-side pressure is showing up directly in the price action.
SUI Coin Tests a Make-or-Break Chart Level
The Sui coin chart shows a clean intraday breakdown from $1.54 to $1.31, marking the day’s low before a mild recovery back to $1.34. The steep drop reflects a sharp acceleration in sell orders, amplified by long liquidations near the $1.40–$1.50 zone, an area flagged by multiple analysts as liquidity-dense.
Liquidity maps shared by analysts like Ted show dense upside liquidity pockets above $1.40, suggesting SUI has room to reclaim levels if momentum flips. However, those same maps show liquidation risk below the current price, keeping bears in control in the short term.
SUI is currently in a long-term downtrend, having fallen by more than 43% in the past month and by more than 58% over the last six months. This trend shows that it has dropped from its highs in early 2025. To change the current negative outlook, the price needs to rise above $1.50 clearly.
Still, not all signals are bearish. Analyst Ali noted that SUI is near its long-term support trendline, which previously produced 450% and 750% rallies. Price is once again hovering directly on that support, creating a make-or-break moment on the Sui coin chart.
For now, the Sui coin price prediction leans bearish unless buyers defend long-term support.
READ MORE: Is the IREN Stock Price a Bargain or at Risk of a Deeper Dive?
