SUI Price Soars as ETF Buzz and DeFi TVL Surge Fuel Crypto Optimism

Wall Street’s sudden love affair with crypto ETFs has traders eyeing SUI’s next move—because nothing screams ’institutional adoption’ like hedge funds chasing the same pumps they once mocked.

DeFi’s total value locked (TVL) hitting new highs adds rocket fuel to the rally, proving yet again that money flows where the hype grows fastest. Can SUI break resistance levels, or is this just another overleveraged casino play? Only the charts—and the inevitable whale manipulation—will tell.

What’s next for SUI?

SUI now faces resistance at $4.36, though the asset has broken through this level on some exchanges. The Relative Strength Index remained neutral, giving room for continued movement in either direction.

Short-term price models suggest SUI could reach $4.36 soon, which WOULD mark a 10% increase from today’s levels. Other models suggest a break above $5.20.

SUI is attempting to break out of its historical reaccumulation range, a key technical zone traders have watched closely.

According to Rekt Capital, recent fundamental catalysts, including DeFi growth and broader market momentum, are starting to reflect in its price action. Additionally, institutional interest is growing, with new SUI ETF filings emerging, including one by 21Shares.

$SUI

Now trying to breakout from its historical ReAccumulation Range (orange circle)

All fundamental catalysts mentioned in recent weeks are positively translating into SUI’s price

More and more SUI ETFs are being registered, most recently by 21Shares#BTC #SUI #Crypto https://t.co/VVLjX4N3p1 pic.twitter.com/N68F610tFI

SUI is the native token of the Sui blockchain, a layer-1 protocol developed by former Meta engineers. It has seen growing adoption through DeFi and gaming integrations since its launch in 2023.

SUI is currently trading around $3.93.