After a crash of nearly 70% from the high January $ 5.30 to $ 1.70 in April, Sui manages a strong return. The price is double, from around $ 1.70 to $ 3.40. That bounce came as Bitcoin began to move higher, lifting many Altcoins with it.
So far, Sui is breathing. In recent days, the price has moved sideways while Bitcoin also cools down. But there is a big event coming in May that can shake things. Approximately 500 million SUI tokens are set to be locked this month, a 21.7% increase in circulating -shifting supply.
On top of that, whale wallets started The transfer of large amounts of sui In the exchange. That usually indicates the possible sale of pressure. With so much happening, we want to get a clearer picture. So we asked ChatGPT to give us some predictions for Sui prices in May.
Pessimistic Scenario: SUI has fallen to $ 2.10 – $ 2.50
If the token floods the market and the whales begin to offering their holdings, Sui vapor may lose. The added supply, combined with the bearish sentiment, could drag the price up to $ 2.10- $ 2.50 range, which removed most April's acquisitions.
The price of bitcoin is also important here. If the BTC drops below $ 90,000, the altcoins may face more pressure. And since Sui has recently moved to Bitcoin, a collapse at BTC can speed up the collapse.
Realistic Scenario: Sui holds between $ 2.80 and $ 3.30
If unlocking is absorbed a little and no panic seller, Sui may remain steadfast in May. The price showed strength by doubling in April, and unless the whales begin to collapse, it can be handled.
With Bitcoin trading around $ 95,000, and if it stays in the $ 90k – $ 95k zone, Sui could have been in between $ 2.80 and $ 3.30. Buyers and sellers are likely to cancel each other, leading to a month of integration.
This situation assumes a balanced market, where news about unlocking does not compromise a severe reaction.
Optimistic Scenario: SUI hunted at $ 3.80 – $ 4.50
If Bitcoin breaks above $ 100,000, and altcoin's momentum returns, SUI can benefit from a revised wave of investor interest.
In this situation, token unlocking can have the opposite effect of many expectations. If the whales do not sell and instead touch or rest, and the fear around the unlocking is fading, it can trigger a “sell the rumor, buy news” bounce.
Add to any positive update from the SUI ecosystem, such as new integration or partnerships, and the price can be pushed towards $ 3.80 to $ 4.50 range, or even start working back at a high $ 5.30.
Also Read: Coin Price Proper for Now (May 1)
Finishing SUI price thoughts in May
At the time of this post, the SUI trades around $ 3.40.
It can go in any direction: calm the integration -together, a pullback from the sale of pressure, or another leg if the stars are aligned. The biggest factors are how the market absorbs token unlocking and whether bitcoin holds above basic levels.
Sui had already shown that it could bounce quickly. The question now is: Can it be steady or the weight of the new supply will lower it before the next leg?
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