The SUI token, after a sharp decline earlier in the year, shows signs of recovery. This article explores possible scenarios for the price change of SUI in May 2023, considering the upcoming token unlock and general market trends.
Pessimistic Scenario
With the unlocking of tokens and potential offloading by whales, the price of SUI may drop to the range of $2.10 - $2.50. Increased supply could negatively impact prices, especially if Bitcoin also starts to decrease.
Realistic Scenario
If the unlocked supply is absorbed gradually and panic selling does not occur, the price of SUI could remain in the $2.80 - $3.30 range. The market's drive for stability may ensure price equilibrium.
Optimistic Scenario
If Bitcoin rises above $100,000, interest in SUI may reactivate. If tokens are not sold heavily and positive news about SUI increases demand, the price could rise to $3.80 - $4.50.
May 2023 could be a month of various opportunities for SUI. The impact of the token unlock and Bitcoin's stability will be the key factors determining price direction. It is important to monitor market dynamics and the behavior of large investors.
