Price Analysis View Non-AMP

SUI Price Jumps 54% This Week, Eyes To Retest $2.18 This Uptober?

Published by
Elena R

The SUI crypto token continues to dominate the 1st-page cryptocurrencies by outperforming every single project in terms of monthly return. Notably, the altcoin is currently trading at a discount of only 29.82% from its ATH, indicating increased price action.

Further, by offering a unique DeFi protocol that enables lending and derivatives, this altcoin has taken over the DeFi market by storm. Moreover, it has recorded a 6X surge in its TVL from around $210 million to over $1.3 billion within 264 days.

SUI Crypto Records Breakout Run!

With a jump of ~13% within the past day and a trading volume of $810.014 million, it is heading toward its 6-month high of $1.6. Notably, it has surged 54.36% over the past seven days and 80.81% during the past 30 days. Moreover, it has rewarded its long-term investors with a 2X return this year.

With its recent price surge, it has successfully breached its resistance trendline of the rising channel pattern. On the other hand, its EMA 50/200-day indicator is on the verge of recording a Golden Cross. This indicates a bullish outlook for the altcoin in the market.

SUI Token’s TVL Hits New ATH!

With a 24-hour volume of $76.38 million, the Sui token’s Total Value Locked (TVL) has recorded a new all-time high of $1.317 billion. With a total market cap of $4.022 billion, this altcoin has a ~33% lock. This highlights a strong bullish perspective among its investors.

Notably, the TVL of SUI has recorded a significant drop between May and August. However, with the increased adoption and increasing trust of investors, it rose from $611.37 million to $1.317 billion within 47 days.

Is Sui A Good Buy?

Breaking out of its resistance level of $1.60 could set the stage for the Sui coin price to test its upper level of $1.90. Furthermore, if the bullish sentiment intensifies, this altcoin could head toward its upper high of $2.18 during the coming time.

On the flip side, if the bears regain momentum, the Sui crypto could retest its support level of $1.29. Moreover, if the bears continue gaining momentum, it could retest its lower support level of $1.

Concerned about Sui’s long-term price targets? Read our SUI Price Prediction 2024 – 2030!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin ETFs Face $100M Outflows as Markets Plunge Following Trump’s Tariff Shock

On Thursday, U.S. spot Bitcoin ETFs faced $99.86 million in net outflows as the stock…

April 4, 2025

Ethereum (ETH) Price Prediction for April 2025

Ethereum (ETH/USD) price held a crucial support range between $1,755 and $1,800 as the United…

April 4, 2025

Why Crypto Is Down Today: Traders React to Tariffs, Eye Fed’s Next Move

The crypto market has hit a rough patch, slipping to $2.65 trillion after a 1.02%…

April 4, 2025

Fed Rate Cut Decision in Focus Amid Crypto Volatility and Recession Fears

Crypto markets experienced sharp ups and downs on Wednesday and Thursday ahead of President Trump’s…

April 4, 2025

Zoomex Review: The New Crypto Exchange with Many User-Focused Features

Since launching in 2021, Zoomex has quickly made a name for itself as a crypto…

April 4, 2025

Bitcoin Price Prediction 2025- BTC Price May Revamp Bull Run Only After Reaching These Levels

The crypto markets were heavily consolidating ahead of Trump’s Liberation Day, where new tariffs were…

April 4, 2025