🚀 Sui (SUI) Doubles TVL In Just Three Months-Hits New ATH Of $2B: Could This Retest Spark Further Rally?

📊 SUI Hits $2B TVL Milestone
Sui’s Total Value Locked (TVL) has surged to an all-time high of $2.04 billion, doubling in just three months. This rapid growth highlights Sui’s rising demand in the DeFi space and solidifies its position as one of the fastest-growing Layer 1 blockchains.

📈 Technical Analysis: Bullish Outlook
SUI is trading within an ascending channel with consistent higher highs and higher lows, signaling strong bullish momentum. After breaking the $4.96 resistance, SUI reached a new ATH of $5.36 before pulling back to retest support. Indicators like MACD and RSI (66.69) suggest more upside potential, with a target of $6 if bullish momentum continues.

⚠️ Key Support & Resistance Levels
The $4.96 level is crucial for confirming the breakout. A failure to hold this support could trigger a retracement toward the lower boundary of the channel, while a strong bounce could push SUI to new highs.

🔮 What’s Next for SUI?
SUI’s impressive growth in TVL and price performance reflects strong investor confidence. With growing interest in Layer 1 ecosystems and an expanding DeFi landscape, SUI remains well-positioned for further capital inflows.

📢 Final Note: The next few days will be critical for SUI’s trajectory as it consolidates around key levels. Investors are closely monitoring whether it can maintain its momentum and hit the $6 target. 🚀📈