$SUI 🌊 SUI's $1.88 Showdown: The Supply vs. Breakout Battle

Sui (SUI), currently trading near $1.567, is targeting the crucial $1.88 resistance level, which represents a significant 20% surge. This $1.88 price point is exceptionally critical as it aligns with a major prior technical ceiling and sits just below the major $1.98–$2.00 psychological cluster. Flipping this zone is essential to confirm a structural break from the dominant bearish trend that has persisted over the last few months.

The momentum for this test is driven by a strong relief bounce from the $1.50–$1.55 support base and growing institutional visibility (such as the Grayscale SUI Trust filing). However, the rally is under constant pressure from two major factors:

Token Unlocks: Sui has a structured token unlock schedule, with large monthly releases that introduce supply and create natural selling pressure.

Bearish Technicals: Short-term technical indicators, including Moving Averages, currently show a "Strong Sell" signal, reflecting the difficulty of overcoming this persistent supply.

For SUI to hit $1.88, it must first decisively break the immediate resistance at the Pivot Point R1 ($1.69) and the Pivot Point R2 ($1.74). A sustained, high-volume daily close above $1.88 would be the technical confirmation needed to successfully escape the bearish structure and set the stage for a push toward the $2.18 to $2.22 resistance cluster.