Sui’s $2.06 Support Holds Key Ahead of December Token Unlock

Analysts are closely watching Sui’s price movement as it approaches a significant token unlock in December. The token, valued at approximately $105 million, is set to be released on December 1st, potentially causing short-term volatility. Experts highlight a crucial support level around the $2.06 mark, which aligns with historical data and Binance’s Token Generation Event (TGE) Anchored VWAP. This key area could influence Sui’s trading patterns as bulls defend it against potential downward pressure.