- SUI price climbed 5.88% in 24 hours and broke key resistance between $4.00 and $4.20, now trading steadily at $4.23.
- Whale accumulation is increasing as Sui’s total value locked (TVL) returns above $2 billion, signaling growing institutional and retail confidence.
- Technical formations, including a bullish flag and symmetrical triangle, suggest potential breakout targets at $4.80 and extended highs around $7.80.
Sui (SUI) is waking up. The token has seen a sharp price surge, rising 5.88% in the last 24 hours to trade at $4.23, and gaining 8.76% over the past week. Trading volume has hit $2.19 billion in 24 hours, signaling renewed interest as capital rotates into altcoins.
TVL Back Above $2B, Whales Accumulating
Sui’s total value locked (TVL) has climbed back above the $2 billion mark, marking a strong recovery and renewed demand across DeFi protocols on the Sui network. With this, large wallets are showing increased activity. On-chain data supports the growing narrative of whale accumulation, a trend often preceding major price moves.
Carl Moon, a prominent crypto analyst, pointed out that SUI is seeing sharp accumulation as it holds above key levels. He noted that the altcoin rotation is gaining pace and SUI is starting to lead. This accumulation behavior is fueling expectations of another breakout in the short term.
ETF Chatter Builds as Key Levels Hold
ETF speculation is adding further fuel to the rally. While not confirmed, growing chatter around a possible SUI-related ETF is drawing attention. Meanwhile, SUI has successfully cleared resistance between $4.00 and $4.20, now turning this zone into short-term support. A solid base above $3.50 is also holding well.
Carl Moon highlighted these levels in his update and stated that if momentum continues, SUI could push toward $5.00. This move would represent another milestone for the token as investor sentiment continues to shift positively.
Bullish Patterns Signal Targets of $4.80 and $7.80
Technical setups on SUI’s chart are supporting the bullish thesis. According to Carl Moon, a breakout from the current bullish flag pattern could send SUI to $4.80. He also mentioned a larger symmetrical triangle formation pointing to a $7.80 target.
With whales entering, TVL recovering, volume rising, and ETF hopes brewing, SUI’s structure appears primed for more upside—if momentum holds.
