Sui Price Primed for Takeoff as Funding Rates Spike and DeFi TVL Hits New Highs
Sui’s native token defies market lethargy—funding rates flip aggressively bullish while its DeFi ecosystem cracks $500M TVL. Traders pile in ahead of what could be a liquidity supercycle.
The Layer 1 chain, often overshadowed by Solana and Ethereum, now sports a 58% annualized funding rate on derivatives markets. That’s the kind of leverage frenzy that either prints millionaires or leaves overeager degens bagholding (again).
Meanwhile, Sui’s DeFi protocols like Navi Protocol and Scallop Lend see inflows surge 120% weekly. Even the usual vampire attacks from Ethereum L2s can’t siphon momentum this time.
Will Sui’s rally hold? Maybe—if the team keeps delivering throughput upgrades while the rest of crypto gets distracted by the next shiny meme coin.
Sui price analysis
The daily chart shows that SUI coin has jumped in the past few weeks, moving from a low of $1.7290 on April 7 to $3.4 today. It is slowly forming a bullish flag pattern, a popular continuation sign.
Sui token is also forming a golden cross pattern, which happens when the 50-day and 200-day moving averages are about to cross each other.
Therefore, the coin will likely have a strong bullish breakout. The next target to watch is $5.395, its all-time high, which is about 60% above the current level.
