Sui is making headlines again after breaking out of a months-long pennant and pushing past the $3.90 mark. At the same time, its total value locked (TVL) hit a new all-time high of over $2.13 billion, according to TradingView and DeFiLlama.
Chart analyst WorldOfCharts sees this breakout as the start of a potential 2x rally, while on-chain tracker Torero_Romero pointed out the fresh TVL milestone. With both the price and network activity heating up, Sui is back in the spotlight.
Since mid-2024, SUI price has been moving inside a wide upward channel. Over the past few months, the price tightened into a pennant pattern, with lower highs and higher lows forming strong compression below the $3.30 level. That range finally broke, and the latest two-day candle closed at $3.90, an 11% gain and a clean breakout from the pennant.
This isn’t the first time Sui has made such a move. Similar setups in September 2024 and May 2025 led to rallies of 207% and 82%, so traders are now watching to see if history repeats. With higher lows forming since April and a clear breakout above descending resistance, momentum looks strong. According to WorldOfCharts, the next big target could be around $11.40, a possible 315% move from the breakout point.
What you'll learn 👉
Support Levels to Monitor For SUI Price
Technical support between $3.20 and $3.40 now acts as the first demand band. Trader attention centers on this range for a possible retest after the strong impulse. A secondary support area sits at $2.60–$2.80, aligning with the channel midpoint and the two-day exponential moving average cluster. Should SUI price lose those levels, the rising channel floor near $1.80 would mark structural support.
Near-term resistance is at the December 2024 highs of $4.20–$4.50. A close above that area on a sustained basis would confirm continued momentum and pave the way for the targeted double-digit zone.
SUI TVL Print Confirms On-Chain Strength
DeFiLlama data show Sui’s TVL reached an all-time high of $2.137 billion on 14 July, a 334 percent increase year-over-year. The metric gauges assets staked in lending pools, liquidity farms, and staking protocols on the network. TVL climbed steadily in 2023, then accelerated in 2024, printing a staircase of higher highs and higher lows.
Support clusters around $1.0 billion and $1.5 billion provided reliable floors during pullbacks. A strong rebound from $1.6 billion to the new record in June and July underscores renewed capital inflows and deeper protocol activity.
BREAKING: $SUI HITS NEW ALL-TIME HIGH IN TVL pic.twitter.com/cmGvcb7Uxk
— ToreroRomero (@Torero_Romero) July 14, 2025
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Outlook for SUI Price and Network
Price and TVL rising in tandem often signal healthy network demand. If Sui holds above $3.20, traders may eye a continuation to the $4.50 area and beyond.
A controlled pullback into the former pennant roof could offer fresh entry points. Conversely, rejection back inside the pattern and closing under $2.80 would shift focus to lower channel support for SUI price.
On-chain growth, expanding developer interest, and strong chart structure frame Sui as one of the market’s more active narratives. Observers will watch whether technical bulls defend new support and whether TVL maintains its upward trajectory through the third quarter.
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