Sui cryptocurrency (SUI) continues to show positive momentum, increasing significantly in a short time. Currently, the token approaches the $4 mark due to several factors influencing market activity.
Reasons for SUI Price Increase
A major factor contributing to SUI's rise is the growing buzz around its ecosystem. According to DeFiLlama, the Total Value Locked (TVL) in Sui’s projects has hit a new record of $2.20 billion. This 8.74% increase in just 24 hours indicates surging user activity and developer interest in the Sui blockchain.
SUI Price Forecast
Crypto analyst Rekt Capital states that SUI is on the verge of a breakout. If the token closes above the $4 mark, it could lead to further growth. Positive factors include strong support between $1.92 and $2.34, which may propel SUI towards the $4.20 mark.
Trading Volumes and Liquidity of SUI
As of July 10, 2025, SUI has recorded a trading volume of $510 billion, indicating strong liquidity and demand. Additionally, CoinGecko shows that SUI’s market cap has increased over 10% in the past week, signaling growing investor interest.
In conclusion, SUI's surge amid rising interest in its ecosystem and positive technical indicators creates optimistic expectations for its future movements in the market.
