SUI price nears $4 after gaining 35% in one week.
TVL jumps to $2.2B, signaling strong demand for SUI’s DeFi services.
RSI shows overbought conditions as bulls push toward the $4.30 resistance zone.
Sui — SUI, isn't slowing down. After a blistering rally, it now dances near the $4 line. While Bitcoin steals headlines with fresh all-time highs, SUI quietly climbs the DeFi ladder. Every price candle feels like a heartbeat echoing louder. Total Value Locked just shattered records, crossing $2.2 billion. Traders aren’t just betting—they’re backing SUI with real capital. Is this the beginning of a $5 breakout? Or has the market overheated too fast?
https://twitter.com/vyz_cm/status/1944610631883059629?t=ZNVtiJFWaAnWWONPsUgr4Q&s=19 DeFi Fuel Ignites SUI’s Price Climb
Monday’s price action pushed SUI up 9% to nearly $3.90. That marks a 35% gain this week. While Solana and Ethereum barely moved, SUI roared past them. Even heavyweights like LINK and ADA got left in the dust. This surge isn’t just speculative hype. Blockchain data reveals something deeper. DefiLlama shows SUI now holds over $2.2 billion in deposits. That’s a $600 million increase in ten days. This isn’t casual interest—it’s conviction.
As Bitcoin surged past $123,000, altcoins followed. But SUI didn’t just follow—it sprinted. It now ranks as the thirteenth largest crypto asset by market cap. That’s a massive leap considering where it stood just months ago. On-chain flows support this momentum. The rise in TVL mirrors the token’s surge. Traders moved serious capital into SUI-based platforms, driving up utility and price together. This makes the rally feel grounded, not hollow.
Bulls Eye $4.30, But Signs of Exhaustion Appear
Sunday’s move above $3.85 pushed SUI through strong resistance at $3.45. The price closed at a monthly high. It also broke through the upper Donchian Channel boundary at $4.03—another bullish sign. However, momentum comes at a cost. The RSI now reads 71.24. That’s solidly in overbought territory. When indicators flash like this, some traders may take profits.
Despite this, technicals still favor bulls. A clean daily candle with rising volume shows buyers remain in control. If price holds above $3.50, the next major resistance lies at $4.29. If momentum fades, short-term support sits near $3.30. This zone previously served as a launching pad in late June. Every move from here inches closer to $5. That target once felt ambitious—now it feels inevitable. Momentum.
Community trust. Real deposits. All the puzzle pieces line up.If SUI clears $4.30 soon, expect a flood of new entries. Traders watch for that breakout confirmation. Meanwhile, rising on-chain activity keeps building the floor under SUI’s price. As long as DeFi demand grows, SUI may keep leading the pack. The question isn’t “if” anymore—it’s “when.”
