SUI enters an important stage today as the unlocking of tokens worth 147 million USD threatens to create selling pressure in a capital market that is already testing important resistance levels. Although momentum has strongly recovered - shown by RSI rising from the oversold zone - SUI still cannot break through the important 60 mark, indicating buyers' hesitation.

The Ichimoku Cloud shows price action pressing close to the cloud's edge, but lacking the necessary determination for a clear breakthrough. With the potential for a Golden Cross forming on EMA lines, bulls still have a chance - if they can overcome resistance at $2.50 and avoid being pulled down by post-lockup volatility.

SUI's RSI strongly increased from yesterday but did not exceed 60

SUI's Relative Strength Index (RSI) strongly increased to 58.94, from 29.38 just a day before, reflecting a strong change in short-term momentum.

RSI is a momentum oscillator measuring the speed and intensity of recent price changes. It typically oscillates between 0 and 100. Indices below 30 indicate an asset may be oversold, while levels above 70 suggest it may be overbought.

SUI's rapid RSI increase shows buyers have strongly participated after a heavy sell-off period.

However, despite an impressive recovery, SUI's RSI approached but could not exceed the 60 threshold early today.

This level often serves as a short-term resistance during recovery stages, and the rejection may indicate remaining buyer hesitation or profit-taking after the increase.

Although approaching 60 is encouraging, a decisive move beyond it is needed to confirm a breakthrough. Currently, SUI appears to be in a recovery stage. However, the inability to exceed 60 shows bulls have not yet fully controlled the market.

Ichimoku Cloud shows lack of strong upward momentum

The Ichimoku Cloud chart of the SUI blockchain shows a potential breakthrough effort, with price rising and currently hovering right at the edge of the Kumo (cloud).

This movement indicates an attempt to form upward price momentum. However, resistance from the thick red cloud ahead may make it difficult for SUI to maintain an upward trend without stronger confirmation.

The Tenkan-sen (green line) is beginning to rise and has crossed the Kijun-sen (red line), which is a bullish signal. However, price still needs to clearly break through and remain above the cloud to shift the overall trend from declining to increasing.

Currently, the cloud remains declining and flat, indicating resistance and a lack of strong upward determination.

The current position shows SUI is at a critical decisive point - either breaking through the cloud to start trend reversal or being rejected and sliding back to the previous downward trend range.

If buyers can maintain pressure and push price beyond the cloud's upper boundary, it could trigger a stronger increase. But without increased volume and broad market support, price risks getting stuck in an accumulation phase or returning to decline.

Will SUI return to $2.80?

SUI's EMA lines are tightening and show signs of a potential Golden Cross. This occurs when a short-term moving average crosses above a longer-term average - a classic bullish signal typically preceding upward momentum.

However, price is currently facing significant resistance near $2.50.

If bulls can overcome this level, it could pave the way for a movement towards $2.83.

However, downside risks remain, especially with today's token unlocking worth 147 million USD, which could create significant selling pressure. If this selling occurs, SUI price might drop back to test support at $2.23.

A break below that could shift momentum back to supporting bears. This would expose deeper support levels at $2.11 and $1.96.