SUI Price Confirms $5 Target as TVL Hits All-Time Highs Above $2.2B
Sui cryptocurrency climbed 9% on Monday, approaching the $4 milestone as Bitcoin’s record rally to $123,500 fueled demand for DeFi services, pushing SUI’s total value locked to a new high of $2.2 billion.
SUI became the thirteenth largest cryptocurrency by market cap, surpassing Chainlink and Cardano during its impressive weekly performance.
The blockchain attracted $600 million in new deposits over ten days, demonstrating strong fundamental support beyond speculative trading activity.
Technical analysis shows potential for further gains toward $4.30 target, though RSI indicates overbought conditions may trigger short-term corrections.
SuiSUI$1.7824h volatility:0.4%Market cap:$6.77 BVol. 24h:$700.82 M
price gained another 9% on Monday, July 14, nearing the $3.9 mark as Bitcoin’s rally to all-time highs lifted altcoins. With fundamental on-chain flows and speculative trading metrics leaning overwhelmingly positive, could SUI advance to new peaks above $5?
SUI Price Nears $4 Milestone as BTC Rally Sparks DeFi Demand
DefiLlama’s Total Value Locked (TVL) data which sums up all financial assets deposited on a blockchain network further affirms this stance. On July 14 SUI TVL stood at $1.6 billion. Since the current leg of the Bitcoin price rally began, SUI attracted another $600 million in deposits within the last ten days, as its TVL crossed the $2.2 billion mark for the first time since its launch in May 2023.
SUI Price Prediction: Bulls Push Toward $4.30 as RSI Signals Overheating
SUI surged 10.44% on Sunday to $3.85, reclaiming the $3.45 resistance and marking its strongest daily close since mid-May. The SUI price rally coincides with a clean breakout above the upper Donchian Channel boundary ($4.03), where bulls faced a major supply cluster formed during last month’s peak.
The Relative Strength Index (RSI) now reads 71.24, firmly in overbought territory, indicating strong momentum but also a potential for short-term profit-taking.
As long as SUI holds above the lower boundary of the daily candle at $3.50, the next upside target lies at $4.29, a level last seen in late April. The daily candle’s strong body and rising volume validate the continuation bias. However, if bulls lose steam, initial support is expected near $3.30, where the Donchian midline aligns with past consolidation zones.
A daily close above $4.03 could accelerate the move towards $5 in the coming sessions.
Best Wallet Presale Gains Momentum as SUI Rally Sparks Infrastructure Demand
With SUI breaking above $3.45 and targeting $4.30, demand for supporting infrastructure tokens like Best Wallet ($BEST) is growing. The non-custodial wallet project that has raised over $13.8 million in its ongoing presale, giving users access to transaction fees, governance rights, and higher staking rewards.
Currently priced at $0.025 and a scheduled price increase looming, the Best Wallet token presale offers a timely opportunity for traders rotating profits from SUI’s rally.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
