SUI TVL Surges to $2.25B Spurring $7 Price Target Speculation

The total value locked (TVL) in the SUI blockchain has surged to $2.25 billion, marking a significant milestone for the Layer 1 platform and reigniting speculation about its price trajectory. This development has drawn attention from both retail and institutional investors, with analysts highlighting potential for a breakout toward the $7 price level [1]. The rise in TVL, combined with increased decentralized exchange (DEX) activity, suggests growing adoption and liquidity within the SUI ecosystem.

According to Michaël van de Poppe, a well-known crypto analyst, SUI’s DEX volume hit nearly $15 billion in the past month. This, coupled with a strong TVL increase, indicates a narrowing gap between the asset’s utility and its price [2]. Van de Poppe noted that resistance levels appear to be weakening, and a potential breakout could push the token beyond its current price range. At the time of reporting, SUI was trading at $3.65, down 1.87% over the past 24 hours [1].

Further bullish signals came from analyst Ali Charts, who stated that SUI has completed a bullish retest and could now target the $7 level. Recent price action has seen the token oscillating between $3.60 and $4.00, with $3.60 acting as a key support level [1]. A successful retest above $4.00 could open the door for SUI to challenge previous all-time highs and potentially reach new levels.

Institutional interest in SUI has also been on the rise. Swiss digital asset bank Sygnum recently announced it is offering custody, trading, and lending services for SUI, including staking options and SUI collateral-backed Lombard loans [1]. These services are available to professional and institutional clients and represent a strategic move to bring the Sui ecosystem into the traditional financial framework. Sygnum also introduced off-balance-sheet custody solutions, ensuring assets remain bankruptcy-remote. This development positions Sygnum as one of the first Swiss banks to integrate SUI into its platform.

Mysten Labs, the company behind Sui, has added to its institutional strategy by appointing Mustafa Al Niama as head of capital markets [1]. Al Niama brings extensive experience from Goldman Sachs and BNY Mellon, where he worked on digital assets and tokenized financial products. His role at Mysten Labs includes connecting Sui with major financial institutions and advancing on-chain financial innovation.

From a technical perspective, SUI remains near its January high of $5.00, with recent price activity fluctuating between $3.60 and $4.00. While a brief breakout above resistance was observed, broader market corrections soon followed. The RSI currently stands at 49.23, signaling neutral momentum, and the MACD remains bearish with the line below the signal line and a negative histogram [1]. Analysts suggest, however, that the slowdown in selling pressure could support a potential rebound. If SUI holds the $3.60 support level, it could retest $4.00 and attempt a move toward $7.

Source: [1] SUI TVL Reaches $2.25B, Boosting Hopes for Breakout Toward $7 Price Level (https://coinmarketcap.com/community/articles/689f9b0f78799209467a4aac/)