SUI Price Sets New Record, TVL Approaches $1.8 Billion.

SUI price has reached a new all-time high with strong momentum, which suggests it could move higher in the near term. Total Locked Value (TVL) also broke a record at $1.72 billion.
While technical indicators such as ADX point to a strong uptrend, the gold cross also supports the recent rally. SUI is ready to test the $4.50 level, just 7.7% away. However, key supports at $3.94 and $3.65 will be critical if the current bullish momentum starts to weaken.
SUI TVL Sets a New Record
SUI blockchain Total Value Locked (TVL) reached a new all-time high at $1.72 billion. This milestone reflects strong investor confidence and increased activity within the SUI ecosystem, indicating increased adoption.
Sustained high TVL levels are often associated with increasing utility and demand for the underlying asset, creating potential upward pressure on the price.
TVL measures the total capital locked in a blockchain's protocols and is an important indicator of ecosystem health and user engagement. While SUI's TVL has remained above $1.4 billion since November 9, the continued capital inflow indicates strong support for the network.
This stability, combined with the recent all-time high, could strengthen SUI price momentum.
SUI Current Uptrend is Strong
SUI ADX has risen to 30.6 from below 15 just two days ago, indicating a significant strengthening of the trend. This increase indicates that the SUI price has moved from a weak or consolidated market condition into a strong uptrend.
The sharp rise reflects market momentum triggered by increased investor activity or increased confidence in the asset.
ADX (Average Directional Index) measures the strength of a trend, with values ​​above 25 indicating a strong trend and values ​​below 25 indicating a weak or consolidated market. SUI's ADX is at 30.6, confirming that it is in a strong uptrend and that there is more room for growth before the trend shows signs of weakening.
In previous price increases, SUI's ADX almost reached 35, indicating that the current rally may continue for some time before the trend reverses or weakens. This signals a potential short-term upside move for SUI as momentum builds.
SUI Price Prediction: Will It Be $4.5 for the First Time?
On December 3, the SUI EMA lines formed a golden intersection, the short-term moving average crossed above the long-term one, signaling the beginning of the uptrend.
This technical pattern fueled the recent rally and pushed SUI close to its all-time high. If the uptrend continues, SUI could break this top and target $4.50, which is just 7.7% away.
However, if the current uptrend weakens and a downtrend emerges, SUI price could test the initial support at $3.94. If this level fails to hold, the price could fall further to $3.65, signaling a potential shift in market sentiment.
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