Analysts Track Sui’s $2.06 Support as a Key Level Ahead of December Token Unlock

Eye Zen Hour tracks Sui’s fourth touch on a clean symmetrical triangle forming since October 2024.

The $2.06–$2.10 zone marks key support aligning with Binance TGE AVWAP and historical cost basis.

Crypto Patel warns of a short-term dip to $1–$1.50 before a possible recovery following the December 1 unlock.

Sui trades near $2.18, with analysts focusing on the $2.06 zone tied to its Binance TGE Anchored VWAP. The level now acts as a key structural support, determining whether Sui holds its ongoing symmetrical triangle pattern or faces a deeper correction

Eye Zen Hour Notes Clean Symmetrical Triangle Setup

Market analyst Eye Zen Hour on X stated that Sui’s price structure shows a “clean symmetrical triangle” with a fourth trendline touch forming. The lower boundary aligns with the TGE AVWAP at $2.06, forming the main inflection zone between $2.06 and $2.10

He said the pattern represents a measured contraction with volume steadily decreasing, a normal condition before potential expansion. According to Eye Zen Hour, bulls defending this support could lead to an upward breakout targeting $2.70 or higher by mid-November

Failure to hold may push price toward $1.90 as liquidity below the pattern gets tested. He added that momentum traders are watching candle closes closely, noting that volume, structure, and AVWAP alignment remain consistent with past expansion setups.

Volume Behavior Matches Pre-Breakout Conditions

The current decline in trading volume supports the notion of a low-volatility coil. Eye Zen Hour emphasized that a confirmed fourth touch would validate the pattern, increasing the likelihood of a breakout

He also mentioned that the alignment between AVWAP and structural support strengthens the zone’s importance, making it one of the most watched areas in Sui’s current formation. If the upper boundary breaks, range expansion could begin quickly

However, a breakdown below $2.06 might cause a brief liquidity sweep before stabilization. Analysts believe this phase will determine short-term trader sentiment heading into November.

December Unlock Could Create Short-Term Pressure

Crypto analyst Crypto Patel presented a more cautious view. He expects Sui to drop between $1 and $1.50 before beginning another major rally. About 43.92 million SUI tokens, worth roughly $105 million, will unlock on December 1, potentially adding selling pressure.

Patel said the unlock could trigger a temporary dip before any larger upside move develops. Both analysts, however, identified the same structural zone around $2.06 as the key level to monitor closely in the weeks ahead.

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