As the crypto markets have witnessed some relief this month, some altcoins are believed to be highly volatile this month. Macro uncertainty, token unlocks and shifting risk appetite have all together been creating conditions for sharp moves in both directions. The volatility of several large-cap and mid-cap tokens is rising, with $SUI, $TIA, NEAR, and $INJ are on the radar.
Sui ($SUI)
$SUI enters the September trade, consolidating within a tight range, following a pullback from the local highs at $0.95. Currently, the price is consolidating around $0.7, while a scheduled unlock is adding supply pressure. More importantly, a recent Switchboard oracle compromise affecting Sui DeFi protocols has weighed on sentiment. However, the $SUI price is required to reclaim $0.75 to $0.80, while holding above $1 could strengthen the bullish trajectory.
Aptos ($APT)
Aptos is also due for a scheduled unlock in September, where nearly 14.36 million $APT, roughly worth $7.4 million. The release represents about 1.8% of $APT’s market cap, making it important for September volatility. Currently, $APT price has been forming consecutive lower highs and lows while holding firmly above the support around $0.5. It remains vulnerable to selling pressure around the unlock, but a sustained recovery could signal that demand is absorbing the additional supply.
coinpedia.org