$SUI has surged ~35–44% in July, lifting the Total Value Locked on its DeFi layer‑1 from ~$1.5 b to an all‑time high near $2.2 b, signaling renewed on‑chain utility and institutional interest.

The token recently broke above its multi‑month consolidation “triangle,” clearing the key $4 resistance and reclaiming the 200‑day EMA, which opens the door to short‑term targets at $4.20–$4.30 and even $5 – $5.36 if momentum holds.

However, technical indicators like RSI and Stochastic are in overbought territory, raising the risk of a pullback to $3.50–$3.85 blockchain.news. Cross‑chain integration (e.g., NEAR Intents, tBTC), rising Open Interest, and institutional inflows underpin bullish sentiment.

Briefly: strong fundamentals and breakout momentum, but watch for short‑term volatility.