We Asked AI to Predict SUI Price in May

After crashing nearly 70% from its January high of $5.30

The price of SUI has been in the spotlight as of late, especially with a big event on the horizon that could determine the fate of this promising cryptocurrency.

After crashing nearly 70% from its January high of $5.30 down to $1.70 in April, SUI managed a strong comeback as it doubled in price from around $1.70 to $3.40. This bounce came as Bitcoin (BTC) also began moving higher, lifting many altcoins with it.

Right now, SUI is taking a breather with the price moving sideways for the past few days as Bitcoin also cools off. But there’s a big event coming in May that could shake things up. About 500 million SUI tokens are set to be unlocked this month, a 21.7% increase in circulating supply.

On top of that, we’ve seen whale wallets begin moving large amounts of SUI to exchanges, which usually hints at possible selling pressure.

With so much happening, we wanted to get a clearer picture. So we asked ChatGPT to help us visualize a few scenarios for what might happen to the SUI price in May.

Pessimistic Scenario: SUI Drops to $2.10 – $2.50

If the token unlock overwhelms the market and whales decide to cash out, SUI could lose momentum quickly. With an influx of new supply and bearish market sentiment, the price might be pushed lower to reach the $2.10–$2.50 range, wiping out a good portion of April’s gains.

The price of Bitcoin will also be a deciding factor here. If BTC drops below the $90,000 mark, it could put even more pressure on altcoins to decline. And since SUI has been moving in sync with Bitcoin recently, any downturn in BTC could accelerate the drop in SUI.

If the optimistic scenario plays out, and Bitcoin manages to stay above $90,000 while also remaining in the $95,000 zone, then we might see SUI hold steady in the month of May.

The token price already showed incredible strength by doubling in April, and we’ll need to see a massive selloff from whales for SUI to be pushed lower. But if the market absorbs the new supply gradually and there’s no panic selling, then we could see SIV continue trading in a stable channel.

Buyers and sellers would likely cancel each other out, leading to a month of consolidation as SUI stays in the $2.80 to $3.30 range. Of course, this scenario assumes a balanced market, where the news about the token unlock doesn’t trigger extreme reactions.

Optimistic Scenario: SUI Pushes to $3.80 – $4.50

If Bitcoin breaks above the $100,000 mark, and the altcoin market feels a return in momentum, then SUI might benefit from a renewed wave of investor interest.

In this bullish scenario, the token unlock could have the opposite effect of what many expect. If whales decide to hold or restake their tokens instead of selling, and the fear around the unlock lessens, it might trigger a “sell the rumor, buy the news” bounce.

Add to that any positive updates from the SUI ecosystem, such as new integrations or partnerships, and the price could push toward the $3.80 to $4.50 range, or even start working its way back to January’s high of $5.30.

Read Also: Pi Coin Price Prediction for Today (May 1)

Final Thoughts on SUI Price in May

At the time of this post, SUI is trading around $3.40.

May could go in any direction: calm consolidation, a pullback from sell pressure, or another leg up if the stars align. The biggest factors will be how the market absorbs the token unlock and whether Bitcoin holds above key levels.

SUI has already shown it can rebound fast. The question now is: can it hold steady or will the weight of new supply bring it down before the next wave of buying begins?