$SUI recently broke above a key downtrend line with increased trading volume. This breakout, supported by positive developments like Mill City Ventures' treasury plans and a growing DeFi ecosystem, has drawn bullish sentiment. The network's total value locked (TVL) has surged nearly 400% in a year, reaching $2.2 billion, while Canary’s SUI ETF application progress adds to the optimism.
Currently trading around $3.89, SUI is consolidating near a support zone of $3.89–$4.01. If the token maintains this level, Fibonacci projections suggest further upside potential. However, market conditions remain a factor in its price trajectory.
