SUI holds above $3.80 after bullish retest, with analysts eyeing $7 as the next target.
Open interest rises 4.91% as long positions dominate across Binance and OKX trading accounts.
Sui DeFi TVL reaches $2.15B, marking strong yearly growth from $500M despite short-term dips.
Sui (SUI) has completed a bullish retest after breaking out of a long-term symmetrical triangle pattern. The price structure now points toward a potential move toward $7, according to analysts. SUI was trading at $3.85 at the time of writing, with technical data supporting further upside targets.
Breakout Formation and Key Levels
According to an analysis prepared by Ali Martinez, SUI’s breakout occurred above $3.57, which now acts as support. The breakout followed months of consolidation inside a symmetrical triangle that formed from January to August 2025. Price had declined from highs above $7.00 in January to near $1.90 in April before recovering.
https://twitter.com/ali_charts/status/1956126940537962779
The Fibonacci retracement and extension levels indicate upside targets at $4.23, $5.25, and the $6.90–$7.00 zone. Martinez projected a short-term move to $4.90, followed by a pullback, then a climb toward $6.90–$7.00. A daily close above $4.23 would confirm stronger bullish control and open the way for the next resistance levels.
Data from Coinglass shows open interest at $1.96 billion, up 4.91% in 24 hours, while trading volume stands at $5.40 billion. Long positions dominate across major exchanges, with Binance accounts showing a long/short ratio of 2.4686 and OKX at 2.13.
DeFi Performance and Trading Conditions
According to DefiLlama data, total value locked in Sui-based DeFi protocols is $2.150 billion, close to its highest point on record. TVL has grown from about $500 million a year ago, accelerating after April 2025 when it crossed $1.5 billion.
Liquidations over the last 24 hours total $3.60 million, with $3.11 million from longs and $496,250 from shorts. Binance saw the largest short liquidations at $67,370, while longs lost $13,590.
According to Torero Romero, SUI’s price is up 346.99% over the past year. Analysts expect that holding above $3.80 could set the stage for a move toward $5.25, followed by the $6.90–$7.00 zone. Martinez maintains that the bullish scenario remains intact while price stays above $3.57.
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