SUI is attracting renewed bullish attention as traders monitor a key support area that could influence its next move. The improving Bitcoin momentum may lift broader market sentiment, while rising DeFi activity signals growing participation across the Sui ecosystem. These factors could support SUI’s broader recovery and encourage another push toward higher levels.
As of now, according to CoinMarketCap data, SUI is trading at $0.8037, down 4.39% over the past 24 hours and up 18.76% over the past week, reflecting short-term weakness despite stronger weekly performance amid a broader recovery.
SUI Price Targets New Highs as $0.735 Support Sparks Bullish Setup
According to prominent crypto analyst Michaël van de Poppe, the SUI price is approaching an important area for traders, with $0.735 identified as a potentially attractive entry zone. Holding this level could strengthen the bullish structure and indicate that buyers are stepping in to support the recovery.
Van de Poppe’s outlook also depends on Bitcoin’s next move, as renewed strength in BTC could improve sentiment across the altcoin market. If Bitcoin turns higher while SUI maintains its key support, the token could gain momentum and begin challenging recent highs in the coming sessions.
The $0.735 level therefore remains an important point to watch for SUI traders. A sustained defense of this zone would support the bullish scenario, while a breakdown could weaken the setup. If buyers retain control and broader market conditions improve, SUI could attempt another advance toward higher resistance levels.
Sui DeFi TVL Reaches $462.5M as Ecosystem Activity Continues to Grow
The data shared by MSB Intel showed that the Sui DeFi ecosystem held $462.5 million in total value locked as of August 23. The figure reflects capital deposited across the network’s decentralized finance protocols and signals continued activity within the ecosystem.
The TVL figure reflects steady participation in areas such as lending, trading, liquidity provision, and yield-based applications. The increased capital on these platforms can support deeper liquidity while creating more opportunities for users interacting with Sui-based financial products.
Sustained TVL growth could strengthen Sui’s position among competing Layer-1 networks seeking greater DeFi activity. The continued flow of capital could improve market liquidity, encourage developers to launch new financial applications, and support the broader use of Sui’s decentralized finance ecosystem.
What Happens Next for SUI Price?
SUI’s next move will depend on whether buyers defend the $0.735 support and push the token toward higher resistance. Bitcoin strength and $462.5M in DeFi TVL could boost sentiment, while a break below $0.735 may weaken the bullish setup.
