The SUI price faced a scare recently after FUD broke out surrounding the Cetus exploit, but things may not be as bad as they seemed. While the incident briefly shook confidence, the network’s on-chain activity tells a different story, especially when it comes to total value locked (TVL).
According to a recent post from crypto analyst Michaël van de Poppe, SUI’s TVL has recovered sharply, bouncing back by $300 million to reach $1.8 billion. This kind of swift rebound suggests that users and developers are still confident in the SUI ecosystem, even after the exploit headlines. Van de Poppe also shared that he considers SUI a strong contender in the adoption race, noting that it’s outperforming Solana – and that this could continue for the next 12 to 24 months.
Looking at the chart he posted, a clear pattern stands out. In past cycles, SUI has consistently broken out of downtrends by forming a higher low and a higher high. These moments are marked on the chart, with green zones highlighting the transition from bearish structure to bullish reversal. This pattern played out in late 2023, mid-2024, and most recently in May 2025.
After each of these structural shifts, SUI has entered sustained upward momentum. The current setup mirrors that behavior. Despite the short-term dip following the Cetus exploit, SUI quickly reclaimed key levels and entered a consolidation range between $3.50 and $4.00. This area of price compression could be the foundation for the next leg up, provided the pattern holds.
The RSI at the top of the chart is also in neutral territory, currently hovering just above 50. This indicates there’s still room for upward momentum without being overbought – another technical sign that consolidation may give way to a breakout.
Van de Poppe refers to this period as “just a normal consolidation,” and the chart seems to support that view. The SUI price action is stable, the structure is intact, and the bounce in TVL suggests renewed trust in the network.
The warning sign – Cetus-related panic – has seemingly been priced in. What’s left is a market showing signs of strength through consolidation, backed by a resilient on-chain metric that reflects growing user confidence.
If SUI continues this pattern and avoids further setbacks, it could be setting up for another bullish leg – just like it did in past breakouts. Traders will be watching closely to see if history repeats itself once again.
Read also: $10 ADA Price? The Hidden Ingredients for Cardano’s Next Big Move – Here’s the Timeline
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