SUI price increased by 60% during this week to reclaim the $3.50 level while setting its sights on $4.00 because investor momentum continues to grow near resistance points.
The TVL on Sui exploded 38% during one week to reach $1.645B combined with DEX volume jumping 177% which reflects the growing demand for DeFi services on the network.
During two months the stablecoin value on Sui network increased 82% as users began adopting it more deeply and showed growing trust in its future sustainability.
Its native SUI token sustained its rising value to reclaim $3.50 while investors continue observing this substantial market advancement. The most recent trading data shows SUI at $3.75 while the market value has grown by 23.8% during the last 24 hours.
The price rally has generated a weekly increase of about 60% which positions SUI among the highest rising digital assets of this period. SUI now holds the 12th position among crypto assets in terms of market value after its recent price increase.
SUI Eyes $4 as Momentum Builds Near Key Resistance
Previous market tests have been supported by SUI's current price value at $3.02 where it acts as a steady foundation. SUI encounters potential resistance obstacles at $3.78 as investors stand near this mark which slightly surpasses current market value.
The recovery of SUI above $3.50 shows strong confirmation through momentum indicators. SUI token displays 21.1% market strength against Bitcoin because it currently trades at 0.00003953 BTC.
https://twitter.com/suipiens/status/1915656176618135842?t=Yw_VtvYfaQvpjSXn5tK_tA&s=19
Market analysts report SUI tokens have started to approach their main resistance levels yet the price remains stable throughout the 24-hour period. The current price trend suggests testing $4.00 today remains possible yet market volume stability and general market stability are essential for achieving this goal.
Rising TVL and DEX Volume Drive Sui Network Momentum
The blockchain developments playing a foundational role in SUI’s market surge compose the underlying reasons for its price growth. Total Value Locked (TVL) maintained on Sui network expanded by 38% in the last week before reaching $1.645 billion. The growth in TVL indicates increasing user participation with DeFi protocols which suggests continuous financial capital inflow within the system.
https://twitter.com/lookonchain/status/1915634801627078713
Token Lungfang Volume (TVL) has risen to $599 million throughout the last 24 hours while decentralized exchange (DEX) volume maintained a 177% increase from the previous week. Network activity increased rapidly because users increasingly required token swap functions and liquidity provision support for Sui-based platforms.
Stablecoin Surge Signals Sui Network Growth
The Sui network showed quick growth regarding stablecoin usage during this period. As tracked over the last two months the stablecoin value stored on the Sui network progressively escalated from $482 million to $879 million which broadcasted an 82% rise. User activity and platform trust levels rise together with this trend which indicates the platform gains new users moving past speculative interest.
On-chain metrics that consist of rising TVL and both DEX activity and stablecoin usage demonstrate broader patterns of user interactions responsible for SUI's market price increase. The technical resistance point persists but the expanding network strength might affect market value progression in upcoming days.
