SUI surges, anticipating a possible pullback to $1.70 – here’s the analysis

SUI has shown strong movement, jumping 15.9% recently, reaching close to $2. Concerns regarding selling pressure from monthly token unlocks have been noted, but its price movement demonstrates potential upward momentum.

Despite bullish signals, resistances at $1.87 and $2.03 loom large. Continued market interest and increased open interest may drive prices, but uncertainties remain about a pullback as traders assess their strategies.