Sui’s network is thriving, and its Total Value Locked (TVL) has increased by 10%, and SUI is once again testing the downtrend line that has been existing for 9 months. Analysts expect the coin to rise above $1 very soon.
Sui’s network TVL has increased by 10%
The Sui network has been flourishing lately, and the TVL has risen by 10% during the past 30 days to $459 million. Although there was a remarkable rise on the daily charts, SUI’s TVL is 77% lower than last year. The 10% increase in Sui Network’s TVL over the past 30 days could provide a bullish catalyst for SUI, as it indicates that more capital is flowing into the network’s DeFi ecosystem.
If this growth continues and translates into higher trading, lending, and borrowing activity, it could strengthen demand for SUI and support a potential breakout. However, TVL remains 77% below last year’s level, suggesting that while the recent recovery is encouraging, the network still has significant ground to reclaim before returning to its previous liquidity levels.
As shown in the chart above, SUI is once again testing a descending trendline that has capped its price for roughly the past nine months. This trendline has acted as dynamic resistance, keeping the broader price structure bearish and limiting previous recovery attempts.
A successful breakout above this resistance could signal that selling pressure is weakening and potentially open the door for a stronger recovery. However, if SUI faces another rejection at the trendline, it could reinforce the existing bearish structure and push the token back toward its nearby support levels. Recent market analysis also continues to identify SUI as being within a broader downtrend.
