Sui Pulls Back Despite September’s 115% Rally as DeFi TVL Hits $1 Billion Milestone

What Happened

Sui experienced a modest 2.31% decline to $3.23 despite achieving a remarkable 115% surge throughout September 2025, with the blockchain’s total value locked (TVL) reaching an all-time high of $1 billion. The pullback comes as traders take profits following SUI’s climb to a five-month high of $1.77 earlier in the month.

The Details

The September rally was driven by substantial ecosystem growth, with TVL more than doubling from $383 million in August to cross the $1 billion threshold. Major decentralized applications including NAVI protocol, Cetus, Suilend, and Scallop Lend each accumulated over $165 million in assets, demonstrating the network’s expanding DeFi footprint.

Institutional interest accelerated with Grayscale opening its Sui Trust to accredited investors, while strategic partnerships emerged including USDC integration and a collaboration with MoviePass. Additionally, Mysten Labs launched preorders for the SuiPlay0X1 gaming handheld, positioning Sui at the intersection of blockchain and gaming.

Technical Response

The SUI price currently trades below both the 20-day and 50-day simple moving averages at $3.50 and $3.51 respectively, though it maintains a slight edge above the 200-day SMA at $3.23. The RSI reading of 42.4 indicates neutral momentum, while the bearish MACD histogram at -0.0339 suggests continued near-term weakness.

Trading volume remains robust at nearly $110 million over 24 hours, indicating sustained market interest despite the pullback. Key resistance levels emerge at $3.98 and $4.18, while support appears concentrated around $3.07.

What Traders Are Doing

Market participants appear to be consolidating gains from September’s explosive rally, with profit-taking pressure evident around current levels. The technical setup suggests traders are awaiting either a break above $3.50 resistance to resume the uptrend or a test of $3.07 support for potential accumulation opportunities.

Institutional flows through the Grayscale Sui Trust indicate longer-term positioning, while retail interest remains elevated following the gaming handheld announcement and DeFi milestone achievements.

What’s Next

SUI faces immediate resistance at the $3.50 level, coinciding with the 20-day moving average. A sustained break above this threshold could target the $3.98 resistance zone, while failure to hold current levels may test the $3.07 support area.

The network’s TVL trajectory and upcoming gaming handheld deliveries represent key fundamental catalysts that could influence price direction over the coming weeks. September’s momentum has established a foundation for potential continued growth, though technical consolidation appears likely in the near term.

The Takeaway

SUI’s pullback from September highs presents a potential entry opportunity for traders targeting the $3.50 breakout level, with the billion-dollar TVL milestone providing fundamental support for the longer-term bullish thesis.

For the latest SUI price updates and Sui analysis, monitor key support and resistance levels mentioned above.

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