Is Sui Price Preparing for Another Massive Surge to ATH?

Highlights

Sui price increased 5% in 24 hours, showing strong momentum.
SUI gained 26% this month, signaling rising investor confidence.
Sui's TVL hit $1.024b, reflecting DeFi ecosystem growth.

Sui (SUI) price has recently experienced a significant rise, attracting attention amid a struggling cryptocurrency market. Despite facing a downturn over the past week due to market corrections, the overall sentiment remains optimistic. As market optimism grows, some speculate that SUI may set the stage for a strong rally, possibly eyeing a return to its all-time high (ATH).

On Thursday, crypto price stirred global investor speculation once again. Bitcoin (BTC) held steady at the $67,000 mark, while ETH, Solana SOL, and DOGE displayed varied price movements. This mixed performance across major cryptocurrencies has led to diverse market reactions, with some tokens showing resilience and others facing volatility.

Sui Price Nears ATH After a Bullish Spike

Sui price surged by an impressive 23% last month, with momentum extending into October. On October 14, 2024, SUI nearly reached a new all-time high, climbing to $2.36. However, the price has since experienced a 15.15% pullback from this peak.

Despite the decline, the overall performance indicates strong market support, and investors remain optimistic about future movements as SUI continues to demonstrate resilience in the crypto market.

Sui price has been on an upward trajectory over the last 24 hours. At the time of this report, the value of Sui is trading at $2.00, reflecting a 5% increase for the day. The coin is approaching a critical resistance point at $2.1, which could serve as a key level for further price movements.

If the market conditions remain favorable, Sui could soon challenge this resistance, potentially targeting a high of $2.18. Reaching this level would match its all-time high (ATH) and result in an impressive 17% increase from its current price. If bullish momentum persists, layer 1 could reach $2.50 in the near term.

The MACD (Moving Average Convergence Divergence) indicator also supports the bullish case. The histogram is rising, and the signal line crosses above the MACD line, signaling a potential buying opportunity. This upward momentum may continue if buying pressure remains strong and the market sentiment holds.

Is Sui Price Preparing for Another Massive Surge to ATH? — Sui Price Chart: TradingView

Is the Surge in TVL a Sign of Long-Term Growth?

Sui’s Total Value Locked (TVL) has surpassed $1 billion, pushing the blockchain ahead of high in terms of TVL. According to data from DefiLlama, Sui’s TVL now stands at $1.02 billion, marking an increase over the last day. This rapid growth signals confidence in the blockchain’s potential and long-term capabilities.

Sui’s recent price surge, rising TVL, and investor confidence suggest potential for continued growth. If bullish momentum continues, SUI may soon retest its ATH, providing further market opportunities for investors.

Frequently Asked Questions (FAQs)

1. Has Sui (SUI) reached its all-time high (ATH)?

Sui (SUI) nearly reached its all-time high (ATH) on October 14, 2024, with a price of $2.36, but it has since pulled back by 15.15%. The ATH remains close, with further potential for retesting.

2. What is driving the recent surge in Sui’s price?

Sui’s price surge is largely driven by rising investor confidence, growing momentum in the DeFi ecosystem, and a significant increase in the blockchain's Total Value Locked (TVL).

3. What is the next critical price resistance level for Sui?

Sui is approaching a critical resistance level of $2.1. If it surpasses this point, the price could target a high of $2.18, which would bring it close to its ATH.

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.