Sui Price Surges to $3.99 as TVL Rebounds Above $2 Billion

Quick Take

• SUI currently trading at $3.99 (+3.06% in 24h)
• Sui’s RSI at 66.16 shows neutral momentum with room for upside
• TVL recovery above $2 billion and 145% surge in daily active users driving positive sentiment

What’s Driving Sui Price Today?

The SUI price rally is being fueled by a confluence of strong network fundamentals that emerged over the past week. Sui’s Total Value Locked has rebounded impressively to $2.19 billion, marking a complete recovery from the May low of $1.5 billion. This milestone places Sui back among the top ten Layer 1 chains by TVL, demonstrating renewed confidence from institutional investors and DeFi protocols.

The network’s user engagement has exploded with a remarkable 145% increase in daily active users over the last 24 hours. This surge indicates growing adoption and utility within the Sui ecosystem, providing fundamental support for the current price action.

July has been particularly strong for SUI, with the token posting a 44% gain that outpaces other major Layer 1 blockchains. This outperformance comes as investors recognize Sui’s technological advantages and growing ecosystem, with the recent metrics validating the network’s potential for sustained growth.

SUI Technical Analysis: Bullish Signals Emerge

The Sui technical analysis reveals a strong bullish structure across multiple timeframes. SUI’s RSI currently sits at 66.16, indicating healthy momentum without reaching overbought territory, suggesting room for further upside movement.

The moving average configuration strongly supports the bullish thesis. SUI price trades well above its SMA 20 at $3.43 and SMA 50 at $3.15, while the SMA 200 at $3.25 provides additional support. The EMA 12 at $3.72 and EMA 26 at $3.46 show positive momentum alignment.

Sui’s MACD indicator displays bullish momentum with a reading of 0.2648 above the signal line at 0.2100. The MACD histogram at 0.0547 confirms this bullish momentum is strengthening. Meanwhile, the Stochastic oscillator shows %K at 81.60 and %D at 76.11, indicating strong upward momentum though approaching overbought levels.

The Bollinger Bands analysis reveals SUI trading at 0.8052 position, positioning the token near the upper band resistance at $4.34. This suggests SUI is in a strong uptrend but approaching potential resistance levels that traders should monitor.

Sui Price Levels: Key Support and Resistance

Based on Binance spot market data, Sui resistance levels are clearly defined with immediate resistance at $4.25 and strong resistance also at $4.25. Breaking above this level could open the path toward the 52-week high of $5.29, representing significant upside potential for SUI holders.

On the downside, Sui support levels provide a safety net for traders. The immediate support sits at $2.65, while strong support is established at $2.29. The pivot point at $3.94 closely aligns with current price action, confirming this as a critical level for maintaining bullish momentum.

The 24-hour trading range of $4.03 to $3.81 shows SUI testing resistance levels, with the upper range coinciding with the broader resistance zone. The daily ATR of $0.25 indicates moderate volatility, providing opportunities for active traders while maintaining relatively stable price action.

Should You Buy SUI Now? Risk-Reward Analysis

For momentum traders, the current setup presents an attractive risk-reward profile. The SUI price sits just below key resistance with strong fundamental catalysts supporting the move. Entry near current levels with a stop-loss below $3.65 offers a favorable 2:1 risk-reward ratio targeting the $4.25 resistance level.

Conservative investors might consider waiting for a pullback to the $3.65-$3.70 range, which would align with the EMA 12 and provide better entry positioning. This approach reduces downside risk while maintaining exposure to the bullish trend.

Swing traders should monitor the $4.25 resistance breakout closely. A decisive move above this level on strong volume could trigger a rapid move toward $4.50-$4.60, especially given the positive fundamental backdrop. However, failure to break resistance might lead to consolidation or a pullback to test Sui support levels around $3.65.

The strengthening fundamentals, including the TVL recovery and user growth, provide confidence for longer-term positions. All technical indicators and volume data are derived from Binance spot market, showing consistent buying pressure supporting the current SUI/USDT uptrend.

Conclusion

SUI price action reflects strong underlying fundamentals as the network demonstrates real utility and adoption growth. With resistance at $4.25 within reach and bullish momentum intact, the next 24-48 hours could prove critical for determining whether SUI can break into new local highs. Traders should watch for volume confirmation on any resistance breakout while maintaining stops below key support levels to protect against downside risk.

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