$SUI Price Predictions for $SUI SUI: The SUI coin is nearing a breakthrough of the $4 level after a double-digit rise:

The value of the SUI coin (SUI) increased by nearly 12% at the time of publishing this report on Monday, approaching the $4 barrier, which represents a major resistance for additional costs. The rise in the value of SUI may be driven by the total value locked (TVL) in the decentralized finance (DeFi) network reaching a record level of $2.20 billion, and open interest reaching $1.73 billion.

Technical forecasts indicate a strong upward trend targeting a breakthrough of the $4 level for extended gains.

The Sui TVL reached a record level of $2.20 billion

In the decentralized finance space, locked value refers to the value of digital assets stored on the network in U.S. dollars. A rise in locked value is usually associated with increased decentralized finance activity on the network.

An increase in open interest indicates growing optimism among traders.