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SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October?

Author: Content Editor
The cryptocurrency SUI has experienced a surge of 15% in the past week, following its strong performance throughout Q3. However, some believe that an upcoming unlock event could hinder its progress towards a new all-time high in the next quarter. Over the past three months, SUI's price has increased by 114%, and it has been one of the best-performing tokens during market retraces. Market analyst Crypto Bullet believes that SUI could test and break its major resistance level of $2 in Q4 and reach a new all-time high around $5. Despite concerns about the unlock event, some investors and analysts are confident in SUI's bullish rally. SUI has also achieved significant milestones in terms of network achievements and total value locked. However, the upcoming unlock event will increase SUI's circulating supply by 2.4%. Despite this, some analysts believe that SUI's performance will continue to be strong. As of now, SUI is trading at $1.76 and has outperformed the global crypto market in the past week.

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