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SUI Nears $4 Breakout: 40% Rally to $5.36 in Sight as Ecosystem Hits Record TVL
SUI Nears $4 Breakout: 40% Rally to $5.36 in Sight as Ecosystem Hits Record TVL
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) has surged nearly 12% in the past 24 hours, testing the crucial $4 resistance level. A confirmed breakout could fuel a 40% rally toward $5.36, potentially retesting January 2025 highs.
The price action coincides with unprecedented network growth—Sui's Total Value Locked (TVL) reached a record $2.20 billion, reflecting an 8.74% daily increase. Derivatives traders are positioning aggressively, with Open Interest jumping 19% to $1.73 billion.
Technical indicators paint a bullish picture: positive funding rates dominate, short liquidations exceed longs, and the Money FLOW Index sits at 78, indicating strong capital inflows. The network's recent $510 billion total token volume milestone further validates accelerating adoption.
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