Sui Ecosystem Gains Momentum As Builders Eye $4.5 Price Target

Key Insights

• SUI price holds above $3.30 support, rebounding after $16M in long liquidations within 24 hours.
• Sui TVL recovers to $1.68B after Cetus exploit; stablecoin supply stays over $1B.
• Traders on Binance and OKX show 2x more long positions; funding rate turns positive at 0.0124%.

After a volatile stretch marked by sharp liquidations and a DEX exploit, Sui (SUI) ****stabilized near key technical support. SUI price was above $3.30, backed by vigorous developer activity and improving network data.

Markets are watching for broader macro changes, including a potential Federal Reserve pivot later this year. Traders are eyeing bullish targets around $4.10. Some even anticipate a possible rise to $4.50.

Sui Ecosystem Growth Builds Momentum Amid Developer Support

Despite challenges in the wider crypto space, the Sui ecosystem continues to expand steadily. Sui Foundation has actively supported developers and ecosystem projects, providing incentives and liquidity support.

Community and validator response was swift after the $223 Million exploit of the Cetus decentralized exchange. A vote with over 90% approval allowed the recovery of $162 Million in frozen assets. These funds are now being moved to a multisig wallet for distribution.

The Total Value Locked (TVL) on Sui dropped to $1.54 Billion after the incident but has since climbed to $1.68 Billion. Stablecoin supply remains above $1 Billion, which signals stable liquidity across the network.

In addition, daily DEX volume has recovered to $271.9 Million, up from $178.85 Million just days prior. With strong builder activity, the SUI price also benefits from long-term developer confidence.

Continued support for new protocols and community efforts is helping the ecosystem regain stability.

SUI Price Holds Key Fibonacci Level in Classic Reversal Zone

Sui was trading near $3.44 at press time, sitting at the 0.382 Fibonacci level. It is considered a classical retracement support in technical analysis. This level is drawn from the $2.13 low to the $4.20 high observed in April.

Technical analysis showed a clear demand zone between $3.30 and $3.45. It has been tested multiple times. Buyers continue to defend this area, signaling interest at these levels. If the support holds, a rebound toward $3.75 and $4.10 could follow.

Analysis shows strong historical activity between $3.60 and $3.80. This range is likely to act as resistance in the short term. Above that, equal highs near $3.80–$3.90 may attract price as they represent potential liquidity zones.

Analyst Kamil predicts that SUI Price could rise to $4.50 after a retracement. He sees the current market phase as a bullish accumulation.

The structure showed smart money patterns like Break of Structure (BOS). A Change of Character (CHoCH) further confirms the upward trend.

Trader Sentiment Resets as Sui Eyes Breakout Above $3.75

A recent wave of long liquidations saw over $16 Million cleared within 24 hours. This event caused open interest to drop by nearly 15%, suggesting that many over-leveraged positions were eliminated.

Despite this, long-term sentiment remains firm on major exchanges. Binance and OKX show over twice as many long accounts as short ones. Top traders on Binance hold larger long positions by volume, with a size-based long/short ratio of 2.11.

The funding rate has returned to positive territory at 0.0124%, showing that traders are willing to pay to maintain long exposure. Over $78,000 in short positions were liquidated in the past few hours, raising the possibility of a short squeeze.

If Sui climbs above $3.50 with volume and breaks $3.60–$3.75, it could move swiftly toward the $4.10 zone. If rejected, support at $2.91 and $2.33—key Fibonacci levels—may become important zones for buyers to re-enter.

Macro Conditions Mirror 2017 Cycle as SUI Price Awaits Q4 Clarity

According to CryptoBit, the market looks similar to 2017–2018, where crypto rose and fell immediately. SUI price surge and subsequent correction are being regarded similarly.

Stability in the world markets is still affecting cryptocurrencies. Inflation figures and decisions from central banks are under traders’ observation.

Experts believe the Federal Reserve will likely change its policy direction toward the end of Q4. As a result, markets could relax and interest investors in making new investments.

Volatility is still a significant factor at this stage. Technical traders observe the $3.10–$3.30 range as a possible foundation for starting an uptrend. If the level stays, it could help set the stage for a bullish rally for Sui to $4.10 and above.