Sui’s 2.12% price gain in 24 hours reflects bullish technical momentum, Bitcoin-driven market tailwinds, and DeFi ecosystem growth.

Technical breakout above $3.78 Fibonacci level

Bitcoin liquidity influx via tBTC integration ($500M+ added)

DeFi TVL surge to $2.33B (+13% in 24h)

Deep Dive

1. Primary Catalyst: Technical Breakout

SUI broke above the $3.78 Fibonacci retracement level (23.6%) on July 20, activating algorithmic buying strategies. Key metrics confirm bullish momentum:

MACD histogram at +0.063 (bullish acceleration)

RSI-7 at 65.5 (neutral-bullish, no overbought signal)

Price holding above 50-day EMA ($3.38) and 200-day SMA ($3.25)

This technical move coincided with a $1.5B 24h trading volume (+44%), signaling institutional participation.

2. Supporting Factors: Ecosystem Growth

BTCfi expansion: Threshold Network’s tBTC integration (July 11) added $500M+ Bitcoin liquidity to Sui’s DeFi, enabling BTC-collateralized lending/staking.

TVL milestones: Total Value Locked hit $2.33B (July 16), led by Suilend ($675M) and NAVI Protocol ($534M). DEX volumes tripled since Q1 2025 (Grayscale).

Institutional interest: Grayscale launched a SUI Trust (July 16), mirroring Bitcoin ETF strategies.

Conclusion

SUI’s 24h gain combines technical momentum with Bitcoin’s market-wide surge to $120K and DeFi adoption. While the RSI-7 (65.5) leaves room for upside, watch the $3.78–$4.11 zone for resistance.

Will Sui’s BTCfi growth offset potential profit-taking from its 42% monthly rally?

#SoftStaking