SUI Price Surges 9% as TVL Hits $1.86B – Bulls Eye $4.30 If $3.21 Barrier is Broken

Highlights:

• SUI price gains 9%, as its TVL surges to $1.86B, and trading volume spikes by 137% in 24 hours.
• Bullish indicators suggest a possible SUI rally to $4.30, if $3.21 barrier gives way.
• The short squeeze imbalance could drive the SUI price higher as long as liquidations outpace shorts

As of July 3, the Sui price is boasting a bullish outlook, surging 9% to the $3.02 mark, as its daily trading volume spikes 137% in the past 24 hours. SUI is shaking up the crypto market, generating increasing momentum and attracting a larger audience. The enhancements in SUI’s visibility have been driven by recent listings on exchanges and subsequent usage in decentralized finance (DeFi). 

We're excited, ready to build and bring in more devs to Web3! https://t.co/aFhdD41kFB

— Sui (@SuiNetwork) July 3, 2025

According to reports, SUI has emerged as one of the fastest-growing Layer 1 (L1) development networks. This is according to the mid-year update to the EC developers’ statistics. This has led to an increase in developers and projects on the platform, driving the project into the limelight. This is supported by its increasing market cap, which has improved to $10.44 billion.

Sui Price Shows Strength – Is It Time to Buy?

Technical indicators are bullish in SUI, indicating continued bullishness as the broader crypto market turns green. In the daily chart, SUI has received significant price support around the $2.87 level, and it is likely to rise higher in the coming days. It is currently priced at $3.02, and a breakout above this level may lead to a rally, potentially reaching a price of $3.21, the immediate resistance mark, which aligns with the 50-day MA.

The RSI indicator(Relative Strength Index) is valued at 52.92. This means that the token has the opportunity to make further gains before the token achieves profitable levels of overbought. Additionally, the MACD (Moving Average Convergence Divergence) has also crossed above the orange signal line, indicating a bullish crossover. This prompts traders and investors to buy more SUI tokens, unless the MACD indicator changes.

The market’s volatility is also evident in the liquidation map, where long liquidations have surpassed short liquidations. The position of long liquidation leverage ($54.01 million) is significantly higher than that of short liquidations ($16.18 million). This imbalance suggests that a short squeeze may be possible, potentially driving the price of SUI higher in the near future. 

SUI TVL Surges 9% Showing Strong Growth as Bulls Eye The $4.30 Mark

The SUI DeFi market has experienced significant expansion, with a single-day trade volume of $307.07 million, while perpetual swaps have reached $78.69 million. Liquidity is helping to sustain this further price movement, which in turn is contributing to the overall positive sentiment. 

This is evidenced by the amount of TVL associated with this asset, which stands at 1.86 billion, representing a 9.06% surge over the past 24 hours. This demonstrates its usage in decentralized applications, and even the app fees demonstrate the growing significance of this asset in the DeFi world, with the amount of 406,376. 

The liquidations are indicating increased market activity, suggesting a possible upside in the short term. If the conviction holds, the SUI price could reclaim the $3.21 resistance mark. Moreover, with strong growth backed by the surging TVL, the SUI price could rally to $4.30 in the medium term. On the flipside, if early profiteering commences, the safety net at $2.87-2.70 would absorb the dips. In the meantime, the rising trading volume and positive sentiment reinforce the upside potential to $3.21 area.