In short
SUI has surged 97.10% in 30 days, with TVL reaching $1.75 billion.
BBTrend turns negative, but EMA remains bullish, indicating mixed signals.
Price is 6.5% below ATH, with a potential future target price of $4.00.
SUI price shows mixed signals after a rapid rise, currently just 6.5% below its all-time high. The token's impressive 97.10% increase over the past 30 days is attributed to significant growth in its DeFi ecosystem, with total locked value reaching $1.75 billion.
Although technical indicators such as BBTrend suggest caution in the short term, strong EMA consistency and a sustained TVL level exceeding $1.4 billion indicate that SUI's market structure has potential strength. The token faces a key test at $3.94, and if the bulls maintain control, it could set a new high above $4.00.
SUI TVL stabilizes above $1 billion
SUI's total locked value (TVL) on the blockchain soared from $665 million to $1.75 billion in just 9 days. This significant increase indicates strong investor confidence and a growing adoption rate of the SUI ecosystem, as users lock more assets in smart contracts for staking, lending, and providing liquidity.
SUI TVL. Source: DeFiLlama
TVL currently stands at $1.45 billion, now at $1.64 billion, indicating that the growth is sustainable rather than speculative. A sustained high TVL is typically associated with upward price pressure as locked assets reduce circulating supply while increasing network utility.
As platform usage increases and liquidity supply decreases, if these TVL levels persist, the price of SUI may continue to rise.
BBTrend turns negative after 4 days
SUI BBTrend (Bollinger Band Trend) indicator has just turned negative and is close to -1, indicating a significant shift in market momentum.
BBTrend measures price volatility and trend direction by analyzing the price relative to the Bollinger Bands. Positive values indicate upward pressure, while negative values indicate downward momentum.
SUI BBTrend. Source: TradingView
The transition from positive to close to -1 indicates that the SUI price is breaking below the lower Bollinger Band, suggesting increased selling pressure.
This technical warning signal could lead to a short-term price adjustment, as traders often interpret a BBTrend crossover into negative territory as a sell signal. However, extreme negative readings may also indicate an oversold condition, and prices can sometimes rebound after selling exhausts.
SUI Price Prediction: Is $4 the next target?
SUI price currently exhibits strong bullish momentum, with the EMA (Exponential Moving Average) lines arranged in a favorable pattern.
There is significant room for the stock price to rise, with a short-term target at the previous historical high of $3.94, and psychological resistance at $4.00. This would represent a new all-time high for SUI.
SUI Price Analysis. Source: TradingView.
However, the market faces key support levels that need to be held to maintain the upward trend. A bearish reversal could trigger a series of support tests at $3.32 and $3.10, while $2.97 will be the critical bottom line for the SUI price.
Although the current EMA configuration indicates that the bulls still maintain overall control of market momentum, breaking below these levels could accelerate selling pressure.
