The post Sui price faces volatility ahead of $103M SUI token unlock appeared on BitcoinEthereumNews.com. Sui price outlook weakens as traders turn cautious before a $103 million token unlock that could test the market’s short-term resilience. Summary Sui price is under pressure as traders brace for a $103M token unlock on Nov. 1. DeFi TVL hits $1.74B, its lowest since July, even as DEX volume rises. Technical signals point to a cautious bearish trend below $2.48 resistance. Sui price fell 5.7% in the past 24 hours to trade at $2.35, extending a week-long decline of 5.5%. Over the past month, the token has dropped 27%, and it now sits 56% below its all-time high of $5.35 set in January. Trading activity has remained steady despite the price slide. The 24-hour volume for Sui (SUI) rose 12% to $1.33 billion, suggesting renewed participation among short-term traders. Data from CoinGlass shows a small decrease in derivatives volume to $2.8 billion, while open interest rose slightly to $818.7 million.  This pattern often shows up when traders are holding onto their current positions rather than opening new ones, which is a warning sign as volatility increases before the unlock. Token unlock weighs down on Sui price sentiment According to Tokenomist data, about 43.96 million SUI tokens, worth $103.3 million will be unlocked on Nov. 1. This unlock represents 1.21% of the circulating supply. Since only 36% of the entire SUI has been unlocked thus far, the release will significantly increase market liquidity. Such unlocks have historically increased short-term selling pressure, especially when price momentum is already weak. Adding to the unlock pressure, DeFiLlama’s on-chain data shows that network activity is slowing down. In the last day, total value locked has decreased 4.2% to $1.74 billion, the lowest level since July. Sui’s stablecoin market capitalization dropped 19% in the past week to $932 million, indicating decreasing liquidity for lending and… The post Sui price faces volatility ahead of $103M SUI token unlock appeared on BitcoinEthereumNews.com. Sui price outlook weakens as traders turn cautious before a $103 million token unlock that could test the market’s short-term resilience. Summary Sui price is under pressure as traders brace for a $103M token unlock on Nov. 1. DeFi TVL hits $1.74B, its lowest since July, even as DEX volume rises. Technical signals point to a cautious bearish trend below $2.48 resistance. Sui price fell 5.7% in the past 24 hours to trade at $2.35, extending a week-long decline of 5.5%. Over the past month, the token has dropped 27%, and it now sits 56% below its all-time high of $5.35 set in January. Trading activity has remained steady despite the price slide. The 24-hour volume for Sui (SUI) rose 12% to $1.33 billion, suggesting renewed participation among short-term traders. Data from CoinGlass shows a small decrease in derivatives volume to $2.8 billion, while open interest rose slightly to $818.7 million.  This pattern often shows up when traders are holding onto their current positions rather than opening new ones, which is a warning sign as volatility increases before the unlock. Token unlock weighs down on Sui price sentiment According to Tokenomist data, about 43.96 million SUI tokens, worth $103.3 million will be unlocked on Nov. 1. This unlock represents 1.21% of the circulating supply. Since only 36% of the entire SUI has been unlocked thus far, the release will significantly increase market liquidity. Such unlocks have historically increased short-term selling pressure, especially when price momentum is already weak. Adding to the unlock pressure, DeFiLlama’s on-chain data shows that network activity is slowing down. In the last day, total value locked has decreased 4.2% to $1.74 billion, the lowest level since July. Sui’s stablecoin market capitalization dropped 19% in the past week to $932 million, indicating decreasing liquidity for lending and…