SUI price. What are the prospects: buy, sell or wait?

17 cze 2023

Hype project SUI
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Currently, 6% of the maximum possible number of coins are circulating on the market.
On the one hand, while the number of coins on the market is still small, it is cheaper to organize a "pump".
On the other hand, when many coins are put on the market, there will be a lot of pressure on the price.
This is the basis of the "law of supply and demand".

The unlocking schedule:
- early July +0.6%.
- beginning of August +0.7%
- beginning of September +0.7%
- beginning of October +0.8%
- beginning of November +22%

In other words, theoretically, the highest chance of a pump in the SUI price is before November 2023.
But first, two obstacles need to be overcome:

1. the trend line of recent months is around $0.90
   
2. a powerful liquidity zone of $1-1.20, where a month ago users were actively buying SUI in anticipation of growth, but the SUIUSDT price had other plans and dropped by more than 2 times. Therefore, it is very likely that there will be active sales in this liquidity zone by those who want to "break even", as human psychology works.
   

Based on the above assumptions, "the active pumping" of the SUIUSD price has a chance to develop only after the price is firmly established above $1.20

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