- SUI consolidates between $3.10 and $3.30, with traders tracking breakout and support levels.
- On-chain data shows TVL at $2.259B with strong app revenue and DEX volumes sustaining activity.
- Upcoming $142.7M token unlock and bearish sentiment weigh on price despite futures launch news.
SUI is showing signs of resilience as it holds above its major low, attempting to regain strength in a defined range. Market data shows the token consolidating around $3.25, with traders watching $3.30 as a key breakout level and $3.10 as critical support to defend.
Technical Patterns Indicate Recovery Attempts
According to an observation by BitGuru, SUI is holding above its recent low and attempting to reclaim bullish momentum. A double bottom formation in early September pushed the price above $3.96 before heavy selling triggered a retracement. The decline established a major low near $3.05, which now acts as a protective floor.
Price action since then has shown consolidation between $3.10 and $3.30, with buyers attempting to retest resistance levels. BitGuru noted, “A move above $3.30 could push it toward $3.45, while losing $3.10 risks further downside.” These levels define the near-term direction as SUI trades within a narrow range.
According to CryptoPulse, the token is testing Fibonacci support near $3.15, which has been defended multiple times. Analysts suggest that if this level continues to hold, buyers may initiate accumulation, aiming for higher levels toward $3.45 and above.
On-Chain Metrics and Market Factors
Data from DeFiLlama shows SUI’s Total Value Locked (TVL) stands at $2.259 billion, up 6.78 percent in 24 hours. Growth has been steady since 2023, with TVL crossing $2 billion in early 2025. Application activity also remains strong, with daily revenues exceeding $135,000 and DEX volumes nearing $589 million.
Market capitalization is reported at $12.37 billion, with circulating supply of 3.62 billion tokens. Despite Coinbase announcing SUI futures contracts to launch on October 20, the price remained subdued at $3.23, down 0.41 percent daily.
Analysts attributed this to broader bearish market sentiment and an upcoming unlock of 44.25 million tokens on October 1. The unlock, worth $142.7 million, will release tokens to insiders and early contributors. While this event may add pressure, analysts continue to monitor $3.10 and $3.30 as the decisive levels for SUI’s next move.
