SUI Breaks $4.05 Resistance on 24.06% Volume Surge, Bullish Sentiment Hits 84%

SUI, the native token of the Sui Network, has demonstrated robust bullish momentum in July 2025, driven by technical price action, strong trading volume, and positive market sentiment. The token broke above key resistance levels, including $4.05, with Fibonacci retracement analysis identifying $5.29, $6.36, and $7.96 as potential targets [1]. This surge followed a breakout from a symmetrical triangle pattern that had compressed prices between $1.90 and $8.25 from November 2024 to July 2025, suggesting a continuation of the upward trend [1].

Trading volume for SUI surged 24.06% within 24 hours, reaching $2.65 billion, while the price stabilized at $4.30 [1]. Over 84% of more than 230,000 voters expressed bullish sentiment on SUI, reflecting confidence in its ability to hold key support levels [1]. Analysts highlighted that a sustained close above $4.2660—a 0.786 Fibonacci retracement level—could validate the breakout and open the path to $8–$10 price targets [1].

Despite short-term indicators showing mixed momentum, the token’s fundamentals remain strong. The 1-minute intraday chart revealed a consolidation phase after an initial rally to $4.44, with the RSI dropping to 39.07 and the MACD histogram expanding negatively, signaling lingering selling pressure [1]. However, the price remained within a $4.24–$4.44 range, with $3.95 identified as a critical long-term support level [1]. A drop below $4.24 could introduce short-term bearish risks, but analysts maintain a bullish outlook as long as the price stays above $3.95 [1].

SUI’s market position is further reinforced by its $14.85 billion market capitalization and growing on-chain activity. Total Value Locked (TVL) in SUI-related protocols hit a record $2.28 billion, reflecting increased participation in decentralized finance (DeFi) platforms [1]. Institutional adoption and enterprise integration, such as SUI’s use in payment systems, have also bolstered investor confidence [1]. Over 564 million SUI tokens—16% of the total supply—are now locked in DeFi, underscoring structural adoption beyond speculative trading [1].

While the SEC’s delayed decision on ETFs and a strong U.S. dollar caused a temporary 8% dip to $3.96, buyers regained control within a week, stabilizing the price above $3.80 [1]. Analysts project SUI could reach $6–$10 if current trends persist, with short-term targets at $4.35 and $4.50 [1]. However, liquidity providers face $25 million in potential liquidations if the price tests $4.35, highlighting volatility risks [1].

The token’s circulating supply of 3.45 billion out of 10 billion suggests future unlocks could impact long-term pricing, but current technical structure, investor sentiment, and ecosystem growth point to sustained interest [1]. With a 56% monthly price increase and proximity to its all-time high of $5.35, SUI’s trajectory positions it as a key player in the cryptocurrency market [1].

[1] Source: CoinMarketCap (https://coinmarketcap.com/community/articles/688864624b2f3f471eb491d2/)

[2] Source: OKX (https://www.okx.com/en-us/learn/sui-price-defi-growth-institutional-adoption)

[3] Source: Blockchain News (https://blockchain.news/news/20250729-sui-price-drops-8-to-396-as-sec-delays-etf)

[4] Source: CoinJournal (https://coinjournal.net/news/sui-price-bulls-eye-all-time-high-amid-spike-above-4/)

[5] Source: Blockchain Reporter (https://blockchainreporter.net/best-crypto-coins-for-future-blockdag-xrp-pi-and-sui-are-on-the-move/)