SUI Holds Above $3.80 as Analysts Target $7 Amid Strong Technical and DeFi Momentum

SUI has maintained a firm position above the $3.80 level, signaling a successful bullish retest of a long-term symmetrical triangle pattern formed between January and August 2025. Analysts, including Ali Martinez, have identified this retest as a key technical confirmation, positioning $7 as the next potential price target [1]. The breakout above $3.57 has created a strong bullish foundation, with Fibonacci levels suggesting possible price targets at $4.23, $5.25, and ultimately the $6.90–$7.00 range [1].

Technical indicators reinforce the optimism surrounding SUI’s recent performance. Open interest on major exchanges has increased by 4.91% in 24 hours, reaching $1.96 billion, while long positions dominate across Binance and OKX with ratio metrics of 2.4686 and 2.13 respectively [1]. The sustained dominance of long positions indicates strong conviction among traders that SUI is poised for a meaningful upward move.

Meanwhile, Sui’s decentralized finance (DeFi) ecosystem continues to expand. Total value locked (TVL) in Sui-based protocols has reached $2.15 billion, up from $500 million a year prior and approaching all-time highs. This growth has accelerated since April 2025, when TVL surpassed $1.5 billion, underscoring the platform’s growing appeal to DeFi participants [1].

Price volatility has also remained contained, with liquidations over the past 24 hours totaling $3.60 million, of which $3.11 million came from longs and $496,250 from shorts [1]. This relatively balanced liquidation profile suggests that the market is still in a phase of consolidation rather than aggressive speculative trading.

According to Torero Romero, SUI’s price has surged 346.99% over the past year [1]. Analysts now suggest that as long as SUI remains above $3.80, it could continue its upward trajectory toward $5.25 and eventually the $6.90–$7.00 zone. Martinez emphasized that the bullish scenario remains intact as long as the price stays above $3.57, a critical support level that has held through recent volatility [1].

While $7 remains a forecasted price target, the recent confirmation of a bullish retest has added momentum to SUI’s price trajectory. As the market processes this development, investors are advised to closely monitor key support and resistance levels for further confirmation of the trend’s sustainability.

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[1] https://cryptofrontnews.com/sui-holds-above-3-80-as-analysts-target-7/