📈 Price Snapshot & Market Metrics

• Current Price: ~$3.93 – $3.94, up around 2–3% in the last 24 hours, with weekly gains of ~4–5% 

• Market Cap: ~$13.6 billion on ~3.46 billion circulating SUI 

• 24‑Hour Volume: ~$1.4–1.6 billion  

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🔥 Recent Catalysts

1. TVL Hit Record High: Sui Network’s Total Value Locked recently crossed $2.25 billion, signaling strong developer and institutional activity .

2. Cross‑Chain Launch with NEAR: Integration via NEAR Protocol “Intents” enables seamless swaps from 20+ chains directly into SUI—no bridges needed .

3. Technical Breakout: Price reclaimed the $4 level and broke out of a multi‑month triangle. Traders are eyeing follow‑on targets at $5.32, $6.53, and $7.60 .

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🧭 Forecast & On‑Chain Signals

• Short‑term (end of July): Technical models (CoinDCX, Crypto.com) suggest consolidation in the $3.75–$4.50 range; a sustained breakout could push SUI toward $4.75–$5.00 .

• End‑of‑2025: Analysts like Ted Pillows estimate a $10.50–$13.00 potential if bullish momentum continues .

• Mixed Short‑Term Sentiment: Changelly warns of a possible dip (~–18.6%) around July 22 before resuming the uptrend .

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⚠️ Summary & Outlook

Overall, bullish momentum is building:

• 📊 Strong on-chain fundamentals (TVL, integrations)

• 🔧 Technicals support continued upside

• ⏳ Potential for short-term correction before climbing

💡 What to Watch

• SUI staying above $3.50–$4.00 levels after recent breakout

• Sustained TVL growth and developer activity

• Broader crypto market trends and BTC direction

$SUI