Sui’s circulating supply is expected to increase by approximately 22.2 million tokens in August, a modest rise of about 0.55% from the current supply. The key support level sits around $0.676, with recovery targets at $0.70 and $0.71. From a technical perspective, SUI trades below its 50 and 100-period moving averages, and its RSI at 33.49 brings it close to oversold territory. While the August token unlock could add near-term selling pressure, the current downtrend began well before the scheduled unlock, suggesting broader market weakness has been the main driver of the recent price decline.
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