The SUI price has climbed above $4.00, marking one of its strongest rallies in 2025. With the Total Value Locked (TVL) on the Sui blockchain reaching new all-time highs and a major event approaching in Vietnam, momentum is clearly building around the SUI ecosystem.
As of May 12, SUI is trading at $4.01, up over 90% from its late April low. The breakout follows strong inflows into DeFi protocols built on Sui, renewed investor interest, and growing enthusiasm around the network’s potential in AI, gaming, and decentralized finance.
Technical Setup: Bullish Structure With Strengthening Indicators
SUI price action shows a strong bullish continuation pattern. After breaking through the key resistance level at $3.50, the token surged past $4.00 with increasing volume and momentum.
- The daily RSI is holding near 70, suggesting overbought conditions, but not yet signaling exhaustion.
- The MACD has formed a confirmed bullish crossover on both daily and 4-hour charts.
- Price has held above the 200-day moving average since early May, flipping long-term structure into support.
Source: Tradingview
The breakout also coincides with rising on-chain activity, as developers and users migrate toward Sui-based protocols. Several analysts now identify $4.50 as the next resistance, with a clear path toward $5.21 if bullish momentum continues into the Vietnam event.
TVL Hits ATH as Ecosystem Expands Rapidly
According to DeFiLlama, Sui’s TVL has reached a new all-time high above $2.5 billion, nearly doubling over the last six weeks. This surge in capital reflects increasing confidence in the chain’s utility and scalability.
Projects driving this growth include DeFi platforms, NFT marketplaces, AI protocols, and gaming integrations that leverage Sui’s Move-based architecture for performance and security.
The rise in TVL also suggests that users aren’t just speculating on the token — they’re actively deploying capital into the ecosystem. That’s a healthy sign for sustainable growth, especially as Sui positions itself as a Web3 infrastructure leader in Asia.
Vietnam Event Could Spark More Growth
On May 17, Sui will host The Great Sui Odyssey #5 in Hanoi, Vietnam — a flagship event highlighting use cases in AI, gaming, and DeFi. With rising developer interest and ecosystem expansion in Southeast Asia, this event could further elevate SUI’s visibility, relevance, and ecosystem-wide adoption.
Previous Odyssey events have coincided with spikes in user activity and social metrics. Given current market momentum, analysts believe this edition could attract new institutional attention and trigger another leg up in price.
If SUI delivers announcements or integrations tied to AI or Web3 gaming at the event, market sentiment could accelerate even further.
Price Predictions: $5.21 in Sight, $10 Still on the Table?
Short-term projections place the next technical target around $5.21, aligning with historical resistance and Fibonacci extensions. Medium-term forecasts from platforms like CoinCodex suggest $10 is achievable by mid-year if current trends persist.
Much of that upside depends on post-event sentiment and sustained ecosystem growth. With fundamentals aligning and SUI gaining market share among alt L1s, the current rally may only be the beginning.
Final Thoughts: Is SUI Entering Its Breakout Phase?
SUI price’s rise above $4.00 reflects growing on-chain strength, surging DeFi activity, and expanding developer interest. The upcoming event in Vietnam could serve as a key inflection point, reinforcing the network’s vision as a high-performance Layer 1 tailored for real-world applications in AI, gaming, and decentralized finance.
With a record-high TVL, bullish technicals, and strong regional momentum in Asia, SUI appears well-positioned to actively compete in the next phase of the altcoin cycle.. If upcoming announcements match investor expectations, the current rally could evolve into a sustained uptrend — potentially setting the stage for a run toward $10 and beyond.
