As per Captainaltcoin, the SUI price has fallen to a key support level due to a combination of fresh token unlocks, technical weakness, and a broader altcoin market downturn. Over 68 million SUI tokens were unlocked on December 1, increasing supply by 1.19% and triggering selling pressure. The price has dropped below key moving averages and is now hovering near $1.32. A breakdown below this level could push the price toward $1.00. Additionally, Bitcoin's 7% decline and over $194 million in liquidations have further pressured high-beta altcoins like SUI, which fell more than 13% in 24 hours. Traders are now watching whether SUI can hold the $1.32 level ahead of the U.S. CPI data on December 5.
SUI Price Drops Amid Token Unlocks and Weak Market Conditions
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