In less than 24 hours, the Layer-1 blockchain token Sui (SUI) surged past key resistance levels, confirming a bullish breakout that’s now aiming for the psychological $5 mark.
At the time of writing, the SUI price trades at $3.87–$3.95, up over 10% on the day and 32.9% this week, with a 24-hour volume of $2.81 billion, a nearly 200% surge, according to CoinMarketCap.
The reasons for this bullish performance are a combination of strong fundamentals, bullish chart setups, and a growing narrative surrounding next-generation, scalable chains.
TVL, Devs, and Activity Are Climbing on the Sui Network
Sui’s fundamentals are turning heads. According to DeFiLlama, Sui’s Total Value Locked (TVL) now stands at $2.79 billion, with major protocols like SuiSwap and NAV Protocol driving consistent liquidity.
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On-chain platforms show that there are 4.1 million daily transactions and over 1.24 million active addresses each day. The total value locked (TVL) increased by 25.9% over the last week. Daily trading volumes on decentralized exchanges (DEX) reached $304.9 million.
Breakout Confirmed as Bulls Take Over at $3.89
Crypto trader Nastia Vox tweeted to his over 14,000 followers on X, showing SUI’s clean break above the $3.89 resistance had flipped the level into support, setting the stage for the next leg toward $4.10 and potentially $4.20+, according to multiple trading setups.
If the price rises above $4.00, it could trigger a larger rally. Short traders should be careful not to bet against this strength unless there are clear signs that it is weakening.
Meanwhile, data shows that the SUI price has gained over 1300% since October 2023, rising from $0.38 to over $5.00 in January 2025. The growth is backed by metrics that show Sui’s expanding adoption as discussed above.
However, traders should be careful of short-term price drops, especially if Bitcoin falls below critical price levels. The support levels are between $3.75 and $3.80. If the SUI price reaches $4.00 and then drops, it could result in small dips before the price continues to rise.
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