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<p>The SUI crypto token continues to dominate the 1st-page cryptocurrencies by outperforming every single project in terms of monthly return. Notably, the altcoin is currently trading at a discount of only 29.82% from its ATH, indicating increased price action.</p>   
<p>Further, by offering a unique DeFi protocol that enables lending and derivatives, this altcoin has taken over the DeFi market by storm. Moreover, it has recorded a 6X surge in its TVL from around $210 million to over $1.3 billion within 264 days.</p>   
<h2 class="wp-block-heading" id="h-sui-crypto-records-breakout-run">SUI Crypto Records Breakout Run!</h2>   
<p>With a jump of ~13% within the past day and a trading volume of $810.014 million, it is heading toward its 6-month high of $1.6. Notably, it has surged 54.36% over the past seven days and 80.81% during the past 30 days. Moreover, it has rewarded its long-term investors with a 2X return this year.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJf65Rm4dS8ztK4X74meOw29fUhl9IitSPDPODz_4ctcbSQfqU1N8xlNfbdJOiITPiGdxJOPOdNKAsmPwn54DlCn9a_84J_QdJ1DXsHn3F3RjkPeTQxy1eDfbHkogr4RQdvOVX0Z2N9n-WQSbo-AjpM_M?key=kLPPzNDdxUPxLt7bTdYIrQ" alt="Sui price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: SUI/USDT
 </figcaption>
</figure>   
<p>With its recent price surge, it has successfully breached its resistance trendline of the rising channel pattern. On the other hand, its EMA 50/200-day indicator is on the verge of recording a Golden Cross. This indicates a bullish outlook for the altcoin in the market.</p>   
<h2 class="wp-block-heading" id="h-sui-token-s-tvl-hits-new-ath">SUI Token’s TVL Hits New ATH!</h2>   
<p>With a 24-hour volume of $76.38 million, the Sui token’s Total Value Locked (TVL) has recorded a new all-time high of $1.317 billion. With a total market cap of $4.022 billion, this altcoin has a ~33% lock. This highlights a strong bullish perspective among its investors.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcQfWdTEsVz9I9lublfxBmjhMa8RLBtIFFpkMFhlW1MR57NOhXCAz0ahMXF1Ll9jzHXg8-uc41xUESykQTe_2cOLwBDoB439_5dnshW2R6bnOJgJ0hh2im22sNvGFuJmlwG7UPDbui-mir7zN5WR3YbjXaf?key=kLPPzNDdxUPxLt7bTdYIrQ" alt="">
 <figcaption class="wp-element-caption">
  Source: DefiLlama
 </figcaption>
</figure>   
<p>Notably, the TVL of SUI has recorded a significant drop between May and August. However, with the increased adoption and increasing trust of investors, it rose from $611.37 million to $1.317 billion within 47 days.</p>   
<h2 class="wp-block-heading" id="h-is-sui-a-good-buy">Is Sui A Good Buy?</h2>   
<p>Breaking out of its resistance level of $1.60 could set the stage for the Sui coin price to test its upper level of $1.90. Furthermore, if the bullish sentiment intensifies, this altcoin could head toward its upper high of $2.18 during the coming time.</p>   
<p>On the flip side, if the bears regain momentum, the Sui crypto could retest its support level of $1.29. Moreover, if the bears continue gaining momentum, it could retest its lower support level of $1.</p>   
<p>Concerned about Sui’s long-term price targets? Read our <a href="https://coinpedia.org/price-prediction/sui-price-prediction/">SUI Price Prediction</a> 2024 - 2030!</p>

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