Key notes
- Coinbase’s New York listing sparked substantial buying momentum despite December’s largest token unlock event.
- The rally pushed SUI above the middle Keltner band with strong volume support indicating a true accumulation phase.
- Breaking the $1.92 resistance would invalidate the November downtrend and target the $2.72 pivot point from October.
SUI
SUI
$1.60
24h volatility:
20.6%
Market capitalization:
$5.99 billion
Flight. 24h:
$1.09 billion
rose 21% on Tuesday after Coinbase Exchange confirmed that New York residents can now trade the asset through its web and mobile apps. The listing announcement triggered significant buying pressure, with the token outperforming rival altcoins throughout the trading session.
The impact of the Coinbase listing proved particularly notable given its timing, arriving less than 24 hours after SUI’s $86.86 million token was unlocked. Despite the increased supply typically associated with bearish pressure, the New York listing accelerated bullish bets on SUI on Tuesday, reversing the bearish sentiment that had built up before the unlock.
Sui (SUI) is now available to New York residents on coinbase․com and in the Coinbase iOS and Android apps.
– Coinbase Markets 🛡️ (@CoinbaseMarkets) December 1, 2025
According to Cryptorank, the SUI unlock surpasses all other releases coming this month. Aster follows closely with a release of $86.84 million on December 17, while LayerZero and Pump.fun are expected to release $33.70 million and $31.22 million in tokens, respectively. Arbitrum and Aptos are also on the December issuance schedule, but neither matches the unlock size or price action of SUI this week.
SUI’s $86.86M Token Unlock is Highest for December 2025 | Source: Cryptorank
SUI’s 21% price rebound outperformed altcoin rival Litecoin
LTC
$82.89
24h volatility:
7.7%
Market capitalization:
$6.34 billion
Flight. 24h:
$593.79 million
and Hedera
HBAR
$0.15
24h volatility:
8.5%
Market capitalization:
$6.16 billion
Flight. 24h:
$203.12 million
who gained 9% respectively, while Avalanche
AVAX
$13.64
24h volatility:
7.6%
Market capitalization:
$5.85 billion
Flight. 24h:
$532.91 million
added 8%, confirming the strong impact of the New York listing on the market.
SUI Price Forecast: Can Bulls Maintain Momentum Above Middle Keltner Band?
SUI price surpassed $1.6 during Tuesday’s breakout, pushing decisively above the middle Keltner band for the first time in nearly three weeks. The move also brought SUI price closer to the upper volatility band above $1.9, which is now the next near-term resistance.
The intraday rally was supported by considerable spot buying, with the volume delta of +14.6 million posting its strongest positive figure since early November.
The rally took the SUI RSI to 44.41, breaking out of deeply neutral territory and signaling an early trend rotation rather than excessive extension.
SUI Price Technical Analysis | Trading View
While the downward trajectory of the upper Keltner band still limits upside attempts, a decisive close above $1.92 would invalidate November’s downtrend and open the way to the next pivot point at $2.72 near the local top that triggered October’s sharp decline.
On the downside, $1.32 remains the main support. It aligns with the lower Keltner boundary and served as a basis for consolidation until late November. Loss of this level would send SUI back into continuation of the November sell-off, exposing the October low at $0.56.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with experience supporting various Web3 startups and financial organizations. He completed his undergraduate degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger technologies at the University of Malta.
Ibrahim Ajibade on LinkedIn
