{"id":51445,"date":"2025-04-28T11:08:00","date_gmt":"2025-04-28T11:08:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/can-it-reach-4-despite-looming-risks\/"},"modified":"2025-04-28T11:08:00","modified_gmt":"2025-04-28T11:08:00","slug":"can-it-reach-4-despite-looming-risks","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/can-it-reach-4-despite-looming-risks\/","title":{"rendered":"can it reach $4 despite looming risks?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/SUI-targets-4-although-this-upcoming-event-poses-risks-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/SUI-targets-4-although-this-upcoming-event-poses-risks-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/SUI-targets-4-although-this-upcoming-event-poses-risks-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/04\/SUI-targets-4-although-this-upcoming-event-poses-risks-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>SUI has soared 196% year-over-year to a 2-month high of $3.71.<\/li>\n<li>$265M worth of SUI will unlock on May 1, introducing potential sell pressure.<\/li>\n<li>Solid DeFi metrics and liquidity may, however, propel SUI toward $4.<\/li>\n<\/ul>\n<p>SUI price has soared 196% over the past year, hitting a two-month high of $3.71 according to CoinGecko data.<\/p>\n<p>This rally has coincided with a breakout from a falling wedge a week ago and the recent break out above the $3.60 resistance zone, which set the stage for further gains.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-300752\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/04\/SUI-price-chart-1.png\" alt=\"SUI price chart\" width=\"1341\" height=\"805\"\/><\/p>\n<h2>Why is the SUI price rising today?<\/h2>\n<p>The SUI price surge has been fueled by a mix of strengthening on-chain metrics, a rebound of meme coin activity, and renewed investor optimism.<\/p>\n<p>Over the past week, SUI has seen trading volumes exceed $3.6 billion and $11 billion in monthly volume as traders flock to the protocol amid a meme coin frenzy, especially on the protocol.<\/p>\n<p>In addition, <a href=\"https:\/\/defillama.com\/chain\/sui\">total value locked (TVL) on Sui-based protocols<\/a> has climbed 40% in April to reach $2.217 billion, highlighting growing confidence in its DeFi ecosystem.<\/p>\n<p>Notably, SUI\u2019s breakout above the key resistance zone around $3.60 has triggered fresh buying interest that propelled prices toward $3.71.<\/p>\n<p>A series of bullish signals across major technical indicators, including a positive MACD and universally bullish moving averages, have reinforced the uptrend.<\/p>\n<p>However, the relative strength index reading of 78.80 signals overbought conditions that could precede a short pause, but momentum indicators remain firmly in buyers\u2019 favour.<\/p>\n<p>Investors have been drawn in by Sui\u2019s expanding ecosystem metrics, with stablecoin market cap surging from $630 million to $880 million in recent weeks.<\/p>\n<p>On the derivatives front, <a href=\"https:\/\/www.coinglass.com\/currencies\/SUI\">SUI futures open interest<\/a> has risen by 3.75% to $1.54 billion, reflecting growing institutional engagement.<\/p>\n<p>Long\/short ratios near neutrality on a 24-hour basis and a slight bullish tilt among top Binance traders indicate balanced but optimistic sentiment.<\/p>\n<p>The recent two-week rally of over 65% underscores the accelerating pace of accumulation among both retail and institutional investors.<\/p>\n<p>Also, the daily decentralised exchange volumes hovering around $500 million have provided the liquidity backbone for the rally to sustain itself.<\/p>\n<p>Analysts note that Sui\u2019s market capitalisation of $12 billion positions it as one of the top 15 layer-1 blockchains by value, attracting significant scrutiny.<\/p>\n<h2>$265M SUI tokens set to unlock this week<\/h2>\n<p>On May 1, approximately 74 million SUI tokens worth $265 million\u2014representing 2.28% of the circulating supply\u2014are <a href=\"https:\/\/tokenomist.ai\/sui\">scheduled<\/a> to unlock.<\/p>\n<p>With only a third of the total token supply currently in circulation, the fresh influx of tokens could introduce notable selling pressure.<\/p>\n<p>Historical patterns show that large-scale token unlocks often coincide with brief volatility spikes before markets realign to underlying growth metrics.<\/p>\n<p>Notably, huge token unlocks often coincide with temporary price retracements as early holders seek to realise gains.<\/p>\n<p>However, Sui\u2019s robust on-chain fundamentals and deep liquidity suggest the network may absorb the additional supply without a significant downturn.<\/p>\n<p>If buyers maintain control above the $3.60 support level, SUI could chart a path toward the $4 psychologically important milestone.<\/p>\n<p>A seamless absorption of the unlocked tokens may see the price fluctuate between $3.30 and $3.60 before establishing a new upward trend.<\/p>\n<p>Conversely, a spike in sell orders could drive SUI back toward its initial support at $3.30 or even retest the 10-day exponential moving average near $3.00.<\/p>\n<p>Analysts point to rising total value locked and active DeFi participation as key buffers against distribution-induced volatility.<\/p>\n<p>The recent derivative metrics, including a futures volume of $6.04 billion, also reflect deep market liquidity that can help cushion abrupt supply shocks.<\/p>\n<p>I addition, the long\/short positioning among retail and institutional accounts remains skewed modestly toward longs, signaling that many investors are braced for further gains.<\/p>\n<p>Sui\u2019s network utility is further underscored by daily DEX volumes that rival many more established chains, highlighting its rising role in decentralised finance.<\/p>\n<p>Ultimately, the success of SUI\u2019s push to $4 will hinge on sustained demand and the community\u2019s confidence in the protocol\u2019s development roadmap.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sui-price-eyes-4-but-faces-risks-from-upcoming-event\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) SUI has soared 196% year-over-year to a 2-month high of $3.71. $265M worth of SUI will unlock on May 1, introducing potential sell pressure. Solid DeFi metrics and liquidity may, however, propel SUI toward $4. SUI price has soared 196% over [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":51446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51445"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51445"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51446"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}