SUI price could record a new peak as SUI incentivizes community access program

Sui (SUI) price is trading with a bullish bias despite the mucky waters seen in the Bitcoin (BTC) price.

Sui price remains above midline of an ascending parallel channel with technicals flashing bullish. SUI could extend the gains 15% to clear the March 27 high of $2.1829. 34.62 million SUI tokens worth nearly $67 million are due for unlock on Wednesday. Sui price is trading with a bullish bias despite the mucky waters seen in the Bitcoin price. It continues to abide within a bullish technical formation, with prospects for more gains as the network gears up for a positive development.

By unlocking tokens to the community, the project aims to increase decentralization, community engagement, and overall participation in the project's growth and development. These are bullish fundamentals that could bode well for Sui price. Sui price outlook ahead of massive token unlock As the Sui price continues to hold above the midline of the ascending parallel channel, multiple technical indicators suggest a bullish outlook.

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