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?