- SUI retests $3.42 breakout zone, maintaining bullish structure with support acting as new base.
- Network TVL hits $1.984B, showing strong DeFi growth and consistent on-chain activity.
- RSI near 58 and stable volume suggest potential move toward $6.50 if support continues to hold.
SUI is retesting its breakout zone after reaching above $4.20 in late July, suggesting sustained bullish strength. The asset recently pulled back to retest the descending trendline it broke out from, which now acts as dynamic support. This retest may serve as the base for a potential move toward a new all-time high.
Breakout Retest Holds as Price Action Stays Constructive
Solberg Invest noted that SUI has broken out from a long-term descending trendline after several months of lower highs and downward pressure. The breakout, which occurred in late July, pushed the token sharply higher.
Following this move, SUI retraced back to the breakout area near $3.42, where buyers stepped in. At the time of writing, SUI is trading at $3.44, reflecting a minor daily decline of 0.38%.
Despite the short-term pullback, the price has shown repeated recoveries during intraday trading, with activity concentrated around the $3.45 level. The Relative Strength Index stands near 58 on the daily chart, showing room for further upside before entering overbought territory.
Network Growth Supports Mid-Term Bullish Setup
Data from DeFiLlama shows that the total value locked (TVL) on the Sui network stands at $1.984 billion, up 3.64% in 24 hours. This increase reflects active user participation and strong growth in decentralized finance adoption.
Daily decentralized exchange (DEX) volume reached $231.09 million, with additional $37.43 million in perpetual volume. The network also holds $896.66 million in stablecoins, signaling consistent liquidity. On-chain activity remains organic, as no token incentives were recorded over the past 24 hours.
Chain revenue and fees both totaled $23,306. With market activity stable and the price structure intact, technical projections now point toward the $6.50 zone if support holds. According to Solberg Invest, “SUI is retesting, new ATH incoming.”
