- Sui price has surged over 56% in the past month, breaking above $4.20 and nearing its all-time high of $5.35.
- Strong growth in total value locked and bullish technical indicators support a positive outlook despite upcoming token unlock risks.
Sui (SUI) has been making waves in the crypto market, recently breaking above the $4.20 mark at press time after a strong rally that saw its price surge more than 56% over the past month. This remarkable upswing brings Sui close to its all-time high of $5.35, reached earlier this year in January 2025, signaling a bullish momentum for this rising altcoin.
Strong Rally Fueled by DeFi Growth and Market Interest
Sui’s impressive price recovery began from April lows of just $1.90, a rebound largely driven by increased investor confidence following setbacks like the Cetus protocol hack earlier this year. Alongside the price rally, Sui’s total value locked (TVL) in decentralized finance (DeFi) protocols has hit a record high, exceeding $3 billion according to DeFiLlama data. This TVL includes staking, borrowings, and vesting tokens and is supported by key projects on the Sui network such as Suilend, NAVI, and Bluefin, all experiencing significant growth in their locked assets.
The futures market is also showing strong bullish signs, with open interest in SUI climbing 10% to $2.7 billion and a hefty $7.4 billion traded in derivatives volume. Long positions dominate this activity, highlighting a market sentiment leaning heavily toward further price appreciation.
SUI Technical Indicators Support Continued Upside
Technical analysis paints a positive picture for SUI. The Relative Strength Index (RSI) currently sits at 65, which suggests there is still room for upward movement without the token becoming overbought. Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, with the MACD line above the signal line, reinforcing the idea that bulls are in control.
Cautious Optimism Amid Token Unlocks
Despite the strong momentum, traders should keep an eye on upcoming token unlocks, which can sometimes trigger short-term price volatility or profit-taking. Still, analysts remain optimistic that SUI could soon retest and potentially surpass its January all-time high of $5.35 if current bullish trends continue.
In the next 7 days, major one-time token unlocks (over $5 million) include: SUI, JUP, ENA, OP, KMNO, SIGN, GPS, ZETA, and REZ. Significant linear unlocks (daily unlocks over $1 million) will occur for: SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, MORPHO, SEI, ETHFI, JTO, FIL,… pic.twitter.com/0XCOn9PFrr
— Wu Blockchain (@WuBlockchain) July 28, 2025
With total value locked at new highs, increasing open interest, and favorable technical signals, Sui’s market outlook appears bright. While short-term fluctuations are possible, the current rally positions SUI among top-performing altcoins and suggests the token could make further gains in the near future.
As Sui navigates this key moment, investors and traders will be watching closely to see if it can break through resistance and reach new record prices.
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