SUI Price Fluctuates After Canadian Market Reactions Ahead of Token Release
The recent release of 80.14 million SUI tokens signals a period of volatility amid new tariffs from Canada. Experts predict varied price movements for SUI USD as recovery seems likely.
On February 1, 2025, Sui released 80.14 million new SUI tokens, equal to 0.80% of its overall supply. This has triggered market fluctuations influenced by recent tariffs affecting Canada and Mexico. The SUI price dropped to $2.65 but has shown signs of potential recovery.
Before this token release, the SUI price experienced a hefty 30% drop, reaching a baseline of $2.65 before rebounding by 24%, returning to approximately $3.32.
Market analysts predict an average SUI price of about $8.06 for 2025, with an optimistic peak of $9.08, yet these forecasts depend heavily on prevailing market conditions and investor trust.
SUI Price Analysis: How Is Sui Crypto Shaping Up For February 2025?
SUI has been on a downward trend post-reaching a high of $5, breaking through critical support levels and the 100-day moving average. A significant breach of the $3.20 support level has now turned it into resistance.
Future critical support sits at $2.00, historically a consolidation zone, with the $1.0 level becoming significant as well.
Recent conversations between the leaders of Mexico and the U.S. focus on the tariffs’ impacts, which could favor SUI in the short run.
"$SUI PA is following the exact same playbook as $SOL in the early days. Solana did more than 15x shortly after that. How much do you think Sui will go from here?" — Coinvestor.sui, February 2, 2025
"$SUI PA está siguiendo el mismo libro de jugadas que $SOL en los primeros días. Solana hizo más de 15x poco después de eso. ¿Cuánto crees que subirá Sui desde aquí?"
