SUI Price- Sui Hits Major Milestones in July, But Bearish Signals Emerge
SUI Price– Sui (SUI) has been on a strong upward trajectory this month, driven by rising on-chain activity and growing confidence in its DeFi ecosystem. According to DeFiLlama, the total value locked (TVL) on the Sui network has surged to $2.2 billion, up from $1.7 billion at the start of July — a powerful 29% increase in just a few weeks.
Monthly decentralized exchange (DEX) volume has nearly doubled, jumping from $8.1 billion in June to $14.3 billion in July. Meanwhile, stablecoin adoption on Sui is accelerating fast. The market cap of stablecoins on the network has crossed the $1 billion mark, signaling rising user trust and utility.
Token Unlock Looms — Will It Shift Market Sentiment?
Despite the bullish fundamentals, all eyes are now on the upcoming token unlock. On August 1, 44 million SUI tokens (worth ~$128 million) will be released — equivalent to 1.27% of the circulating supply. While not massive, this could introduce short-term sell pressure, especially after the recent price rally.
Derivatives data reflects a cautious tone. Trading volume dropped 2% over the past 24 hours, while open interest slid 1.3%. Futures volume rose slightly, suggesting mixed expectations among traders.
SUI Price Outlook: Consolidation or Correction?
Technically, SUI is consolidating. It’s hovering below the 10-day EMA ($3.88) and 20-day SMA ($3.87) — key short-term resistance levels. A breakout above $4.00 could reignite bullish momentum.
However, the MACD has turned bearish, and if SUI dips below $3.75, further downside toward $3.50 or even $3.30 is possible.
