Ethereum-based stablecoin SUI is poised for a possible price surge following a token unlock event and increased trader activity. The token’s value has exceeded the $4,500 mark in recent weeks and is currently situated within a key price support range of between $2.10 and $1.80. This level aligns with historical trading patterns indicating potential for a significant upward movement. Notably, traders are closely watching the upcoming unlock event, which will release 1.21% of circulating SUI tokens worth $103 million on November 1st. However, price activity suggests possible selling pressure from investors anticipating a rebound. Despite recent declines in TVL and a slight dip in market cap, DEX volume for SUI has increased to $23 billion in October. This indicates strong trader engagement despite market conditions.