What to know:
- SUI price holds above the key $0.735 support zone, keeping the potential for a bullish recovery toward $0.95 alive.
- SUI is trading near $0.8375, with rising volume and improving market sentiment supporting the broader recovery outlook.
- Sui’s DeFi TVL has reached $462.5 million, highlighting stronger ecosystem activity and growing user participation.
The SUI price is showing bullish potential as buyers defend an important support area and market sentiment improves. Rising DeFi activity also highlights growing adoption across the ecosystem, while stronger liquidity and continued user participation could support SUI’s recovery and strengthen its long-term growth outlook.
At the time of writing, SUI is trading at $0.8375 with a 24-hour trading volume of $690.7 million and a market capitalization of $3.41 billion. Following the 1.19% gain over the last 24 hours, the SUI price structure and TVL growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: SUI Price Stabilizes Near $0.65 as Falling Wedge Targets Breakout
SUI Price Could Rally to $0.95 If Key Support Holds
According to the crypto analyst Michaël van de Poppe, the SUI price chart is drawing attention as traders identify $0.735 as a potentially important entry level. Holding this zone could signal that buyers are defending support and preparing for another upward move.
Market participants are watching price action closely, as maintaining this area may provide the foundation for SUI to regain momentum and challenge higher resistance levels in the coming sessions.
Source: Michaël van de Poppe’s X Post
A positive view on this coin also hinges on the trajectory of Bitcoin. In case BTC moves upwards and there is positive market sentiment, the SUI price will be able to build up momentum and test the previous highs above $0.95.
However, failure to hold the level of support at $0.735 will make the setup less attractive and may cause a further decline.
Sui TVL Surges as DeFi Ecosystem Expands
The data from MSB Intel further highlighted that the Sui blockchain’s DeFi economy has managed to achieve a new record by locking $462.5 million worth of funds, yet another milestone for the blockchain platform.
It signifies that the growth has been experienced in participation within various Sui DeFi protocols such as lending, trading, liquidity, and yield. This could be attributed to an expansion of decentralized financial architecture on the platform.
Source: MSB Intel’s X Post
The landmark could give Sui an edge among rival Layer-1 blockchain projects that want to boost DeFi utilization.
Higher TVL could help foster liquidity and a better trading environment and motivate developers to develop more financial tools. If there is more capital inflow to Sui platforms, growth in TVL could bolster Sui’s overall adoption narrative.
What Comes Next for SUI?
Future plans of the SUI price will hinge on how well buyers will be able to hold onto the $0.735 level and rally towards $0.95.
Good performance by Bitcoin, higher DeFi TVL, and positive market sentiment may help lure new buyers. Otherwise, a drop below the $0.735 level may jeopardize the bull setup and add more selling pressure.
Also Read: SUI Price Eyes $20 as Bullish Momentum Builds After Securitize Integration
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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