SUI Price Faces Mixed Signals After $210M Token Unlock Despite Banking Partnership
The post SUI Price Faces Mixed Signals After $210M Token Unlock Despite Banking Partnership appeared on BitcoinEthereumNews.com. Joerg Hiller Aug 10, 2025 08:46 SUI trades at $3.84 (-2.31%) as institutional partnerships battle massive token unlock effects. Technical analysis shows neutral RSI at 55.18 with key resistance at $4.44. Quick Take • SUI currently trading at $3.84 (-2.31% in 24h) • SUI RSI at 55.18 suggests neutral momentum with potential for either direction • AMINA Bank partnership boosts institutional credibility while $210M token unlock creates selling pressure What’s Driving Sui Price Today? The SUI price action over the past week reflects a tug-of-war between positive institutional developments and significant supply-side pressure. The most recent catalyst came on August 8, when Sui Network announced its partnership with AMINA Bank, Switzerland’s first globally regulated bank to offer SUI custody and trading services. This development initially drove SUI price up 8.7% as institutional credibility strengthened. However, the market remains weighed down by the massive token unlock event from August 4, which released 76.27 million SUI tokens worth approximately $210 million into circulation. This supply shock triggered a sharp 23% decline from recent highs, demonstrating how tokenomics events can override positive fundamental news in the short term. Additional positive developments include Sui’s integration with Google Cloud announced on August 7, bringing AI-powered APIs and advanced data analytics to the blockchain. The partnership with Alkimi for on-chain digital advertising and Sui’s Total Value Locked reaching $2.093 billion further underscore the network’s growing ecosystem, though these haven’t provided immediate price support against the unlock-driven selling pressure. SUI Technical Analysis: Neutral Territory With Bearish Undertones The current Sui technical analysis reveals mixed signals as SUI price consolidates following recent volatility. SUI RSI sits at 55.18, placing it firmly in neutral territory and suggesting neither overbought nor oversold conditions. This reading indicates potential for movement in either direction…
The post SUI Price Faces Mixed Signals After $210M Token Unlock Despite Banking Partnership appeared on BitcoinEthereumNews.com.
Joerg Hiller Aug 10, 2025 08:46 SUI trades at $3.84 (-2.31%) as institutional partnerships battle massive token unlock effects. Technical analysis shows neutral RSI at 55.18 with key resistance at $4.44. Quick Take • SUI currently trading at $3.84 (-2.31% in 24h) • SUI RSI at 55.18 suggests neutral momentum with potential for either direction • AMINA Bank partnership boosts institutional credibility while $210M token unlock creates selling pressure What’s Driving Sui Price Today? The SUI price action over the past week reflects a tug-of-war between positive institutional developments and significant supply-side pressure. The most recent catalyst came on August 8, when Sui Network announced its partnership with AMINA Bank, Switzerland’s first globally regulated bank to offer SUI custody and trading services. This development initially drove SUI price up 8.7% as institutional credibility strengthened. However, the market remains weighed down by the massive token unlock event from August 4, which released 76.27 million SUI tokens worth approximately $210 million into circulation. This supply shock triggered a sharp 23% decline from recent highs, demonstrating how tokenomics events can override positive fundamental news in the short term. Additional positive developments include Sui’s integration with Google Cloud announced on August 7, bringing AI-powered APIs and advanced data analytics to the blockchain. The partnership with Alkimi for on-chain digital advertising and Sui’s Total Value Locked reaching $2.093 billion further underscore the network’s growing ecosystem, though these haven’t provided immediate price support against the unlock-driven selling pressure. SUI Technical Analysis: Neutral Territory With Bearish Undertones The current Sui technical analysis reveals mixed signals as SUI price consolidates following recent volatility. SUI RSI sits at 55.18, placing it firmly in neutral territory and suggesting neither overbought nor oversold conditions. This reading indicates potential for movement in either direction…
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