Sui (SUI) is making waves again in the crypto space, jumping nearly 12% in a day and now inching closer to the $4 mark. This fresh surge follows a week-long rally that saw SUI climb almost 20%, breaking past a key resistance trendline.
At press time, the token trades around $3.90, and market watchers are eyeing a clean breakout above $4, one that could send SUI soaring toward $5.36, a level last seen in January.
A major reason behind SUI’s bullish run is the growing buzz around its ecosystem. The network’s Total Value Locked (TVL), which reflects the value of assets locked into Sui’s DeFi projects, hit a new record of $2.20 billion, according to DeFiLlama.
This 8.74% jump in just 24 hours signals surging user activity and developer interest in the Sui blockchain.
At the same time, CoinGlass data reveals that SUI’s Open Interest (OI) in the derivatives market has surged over 19%, reaching $1.73 billion. This sharp increase in OI means more traders are placing bets on SUI’s future moves, a sign of growing confidence.
Adding to the bullish momentum, funding rates remain positive, and more short positions have been liquidated compared to long ones. The Money Flow Index (MFI) reading of 78 also reflects heavy capital inflow into SUI.
As of July 10, 2025, the token has seen $510 billion worth of trades, proof that demand and liquidity are both strong. CoinGecko also shows SUI’s market cap jumped over 10% in the last week, a clear sign that more investors are jumping in.
Crypto analyst Rekt Capital says Sui is in a “coiling” phase, meaning the price is tightening and could soon break out. While $4 has been a tough level to cross in the past, strong support between $1.92 and $2.34 could give SUI the push it needs to move higher.
However, technically, if SUI closes above the $4 mark, it indicates a move toward the 78.6% Fibonacci level at $4.20. Breaking past that, the token could target the previous high of $5.36. The 50-day EMA is also nearing a bullish crossover above the 100-day EMA, typically viewed as a strong buy signal. However, if SUI gets rejected near $4, it may retest support at $3.48.
With rising DeFi engagement, bullish technicals, and growing trader interest, SUI’s momentum looks strong, setting the stage for a potential breakout just as broader market optimism rises.
Yes, the SUI blockchain is one of the most prominent projects and is projected to gain significant value in the coming time.
With the rising popularity of the Sui token, this project may achieve the $23.77 mark by 2030.
Considering the Sui long-term price prediction, it may reach a high of $23.77 by 2030.
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