SUI Price has reached a new all-time high, fueled by strong momentum that could drive it even higher in the near term. Its Total Value Locked (TVL) also hit a record $1.72 billion.

With technical indicators like the ADX signaling a strong uptrend and a golden cross supporting the recent rally, SUI is well-positioned to test the $4.50 level, just 7.7% away. However, key support levels at $3.94 and $3.65 will be critical if the current bullish momentum begins to fade.

SUI TVL Reached A New All-Time High

SUI blockchain Total Value Locked (TVL) has reached a new all-time high of $1.72 billion. This milestone reflects strong investor confidence and increasing activity within the SUI ecosystem, highlighting its growing adoption.

Sustained high TVL levels often correlate with increased utility and demand for the underlying asset, creating potential upward pressure on its price.

TVL measures the total capital locked in a blockchain’s protocols, serving as a key indicator of ecosystem health and user engagement. With SUI’s TVL remaining above $1.4 billion since November 9, the consistent capital inflow suggests strong support for its network.

This stability, combined with the recent all-time high, could bolster SUI price momentum.

SUI Current Uptrend Is Strong

SUI ADX has surged to 30.6, up sharply from below 15 just two days ago, signaling a significant strengthening of its trend. This increase suggests that SUI price has moved from a weak or consolidating market condition into a strong uptrend.

The sharp rise reflects growing market momentum, potentially

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Author: Tiago Amaral