• SUI total value locked reaches $2.27 billion, up 16% in 30 days.
  • The token trades at $4.51 with a $13.21 billion market cap.

The SUI network has crossed $2 billion in total value locked (TVL), reaching $2.27 billion after a 16% surge over the past 30 days. This milestone reflects the network’s growing adoption and robust market performance.

Currently, SUI trades at $4.51, showing a daily gain of 4.18%. Its market capitalization stands at $13.21 billion, with a 24-hour trading volume of $2.21 billion, up 9.11%. The Fully Diluted Valuation (FDV) is $45.13 billion. With a Vol/Mkt Cap ratio of 16.75%, liquidity remains strong. SUI’s circulating supply is 2.92 billion tokens out of a total of 10 billion.

Technical Analysis Points to Key Levels

The daily chart indicates strong resistance at $4.75 and immediate support at $4.46. A break above $4.75 could propel prices toward $5.00. Conversely, falling below $4.46 may push the token to test the $4.30 support.

The Relative Strength Index (RSI) is at 56.33, with its moving average at 61.57. The RSI suggests neutral momentum but hints at potential weakening if it continues trending downward. The Chaikin Money Flow (CMF) is at 0.06, indicating mild inflows of capital into the asset, a bullish sign.

Can SUI Sustain Its Bullish Momentum Amid a 227B TVL Surge image 0

SUI’s 50-day moving average (MA) remains below its 200-day MA, indicating a bearish longer-term trend. However, the 14-day MA suggests recent upward momentum. A potential golden crossover could occur if short-term MAs sustain gains.

The increasing TVL signals rising user confidence in the ecosystem. The RSI, paired with a positive CMF, suggests stable but cautious optimism. For sustained growth, breaking above resistance levels is crucial. If market sentiment aligns, SUI could gain further traction.

With strong liquidity and robust adoption, SUI continues to perform as one of the top blockchain assets. Close monitoring of technical levels and market conditions remains vital for traders.

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