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#SUIUSD
After the appearance of the pennant, the price rose to $3.8748, failing to break above the 61.8% Fibonacci level. Two bullish hammers are holding back the pullback, but a double top is forming, which poses a significant threat to the trend. There is a chance that it will manage to stay above the 50% Fibonacci level, a small hammer will appear, and the oversold condition on the Connors RSI will strengthen, however, the unlocking of tokens could send the coin into a knockout.
The SUI token has risen by 62% amidst rumors of a partnership with Pokémon.
The largest unlock of the week is related to SUI. From April 28 to May 5, 74 million SUI tokens worth about $262.88 million will be unlocked. This corresponds to 2.27% of the current token supply.