{"id":239606,"date":"2024-02-01T16:56:20","date_gmt":"2024-02-01T11:26:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-sui-price-hit-new-all-time-high-amid-tvl-expansion-crypto-news\/"},"modified":"2024-02-01T16:56:23","modified_gmt":"2024-02-01T11:26:23","slug":"will-sui-price-hit-new-all-time-high-amid-tvl-expansion-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-sui-price-hit-new-all-time-high-amid-tvl-expansion-crypto-news\/","title":{"rendered":"Will SUI Price Hit New All-Time High Amid TVL Expansion? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-177782\">\n<p>\nSUI price set for new highs a bullish pattern leads sustainable growth in tandem with massive TVL growth. Buy Now?\t\t\t\t<\/p>\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"675\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SUI price\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo.jpg 1200w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo-300x169.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo-768x432.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo-678x381.jpg 678w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/sui-network-logo-150x84.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/noscript><\/div>\n<p class=\"MarketsUp f-14 d-block\">  Published 10 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">SUI price: As the broader crypto market faces uncertainty about sustainable growth, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sui-price-skyrockets-as-tvl-triumphs-over-bitcoin\/\">SUI<\/a>, the native token of the layer 1 blockchain, is showing a strong rally, evidenced by notable trading volume and a significant increase in the network\u2019s Total Value Locked (TVL). This positive trend developing into a bullish rounding bottom pattern hints at the possibility of a prolonged sustained rally. Will this recovery trigger a new All-Time High in February 2023?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><b>Will SUI Price Surpass $2 Mark?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A rounding bottom pattern leads to the current recovery trend in SUI price.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The rising price could face significant supply pressure at $1.68, and $1.875.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in SUI is $513 million, indicating a 7.5% loss.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"SUI Price\" width=\"1946\" height=\"893\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/yxtkMXv8.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/yxtkMXv8.png\" alt=\"SUI Price\" width=\"1946\" height=\"893\"\/><\/noscript><figcaption class=\"wp-caption-text\">SUI Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amid the broader market recovery, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sui-surges-11-as-alibaba-cloud-amplifies-support-for-the-network\/\">SUI coin<\/a> entered a new recovery in late October 2023, when its price rebounded from $0.364. This positive turnaround developed into a sustainable rally and pushed the altcoin to $1.6, registering 341% growth.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">This momentum is mirrored in the DeFi sector, where the SUI network\u2019s Total Value Locked (TVL) has impressively escalated by 1000% over the past four months, reaching a high of $455 million, as reported by DefiLlama. This surge has vaulted Sui into the top 10 global blockchains by TVL, surpassing the likes of Base, Cardano, and Bitcoin.<\/span><\/p>\n<figure id=\"attachment_177783\" aria-describedby=\"caption-attachment-177783\" style=\"width: 1770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-177783 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Sui Total Value Locked\" width=\"1770\" height=\"685\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16.png 1770w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-300x116.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-1224x474.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-768x297.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-1536x594.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-150x58.png 150w\" data-lazy-sizes=\"(max-width: 1770px) 100vw, 1770px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-177783 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16.png\" alt=\"Sui Total Value Locked\" width=\"1770\" height=\"685\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16.png 1770w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-300x116.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-1224x474.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-768x297.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-1536x594.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-31_23-34-16-150x58.png 150w\" sizes=\"auto, (max-width: 1770px) 100vw, 1770px\"\/><\/noscript><figcaption id=\"caption-attachment-177783\" class=\"wp-caption-text\">Sui Total Value Locked- DefiLlama<\/figcaption><\/figure>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Analyzing the daily charts reveals that the coin\u2019s price movement is forming what appears to be a rounding bottom pattern. This pattern, typically emerging at the end of significant bear cycles, often heralds a new recovery phase.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The application of the Fibonacci retracement tool suggests that the recent correction has revitalized buyer interest, extending the current bullish trend. Should this positive momentum continue, it\u2019s feasible for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/reasons-why-sui-price-is-up-5-while-bitcoin-price-sea-saws-above-43000\/\">SUI price<\/a> to target $1.677 in the near term, with the potential to reach an all-time high of $2.77.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">However, this trajectory is not expected to be linear, as SUI\u2019s price history indicates a tendency for periodic pullbacks, which contribute to its overall growth pattern.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average (EMA): <\/b><span style=\"font-weight: 400;\">The 20 and 50-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> provide strong dynamic support to SUI during market corrections.<\/span><\/li>\n<li aria-level=\"1\"><b>Average Direction Index: <\/b><span style=\"font-weight: 400;\">The ADX indicator at a high of 32% accentuates the buyers may soon turn out of steam and will require some pullback to maintain long-term growth.<\/span><\/li>\n<\/ul>\n<h3>Related Articles<\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/will-sui-price-hit-new-all-time-high-in-february-amid-tvl-expansion\/&#038;text=Will SUI Price Hit New All-Time High In February Amid TVL Expansion?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/will-sui-price-hit-new-all-time-high-in-february-amid-tvl-expansion\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/will-sui-price-hit-new-all-time-high-in-february-amid-tvl-expansion\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/will-sui-price-hit-new-all-time-high-in-february-amid-tvl-expansion\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA177782\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD177782\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUI price set for new highs a bullish pattern leads sustainable growth in tandem with massive TVL growth. Buy Now? Published 10 seconds ago SUI price: As the broader crypto market faces uncertainty about sustainable growth, SUI, the native token of the layer 1 blockchain, is showing a strong rally, evidenced by notable trading volume [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":239184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-239606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=239606"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239606\/revisions"}],"predecessor-version":[{"id":239607,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239606\/revisions\/239607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/239184"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=239606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=239606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=239606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}