Discover Why SUI Hit $1B TVL & SEI Exploded: Altcoin Analysis

Sui (SUI) and Sei (SEI) have become more or less the standout performers in the crypto market, showing significant price momentum and investor interest. Both tokens have seen notable surges in price and trading volume.

Sui, in particular, hit a remarkable milestone by reaching $1 billion in Total Value Locked (TVL) less than two years after its mainnet launch. This has fueled interest in both tokens, with traders closely monitoring key price levels and indicators.

Sui’s Steady Ascent: Key Levels and Momentum Indicators

Sui (SUI) has seen a strong upward trend in recent days, with the current price sitting at $1.75, a 5.07% increase in the last 24 hours. After dipping to a low of $1.6686, the token quickly rebounded and surged to a high of $1.85 before stabilizing. This price recovery is supported by a jump in trading volume—up 108.96%—indicating strong buying interest.

Support levels for SUI remain crucial for traders. The $1.6686 level, which saw strong buying pressure during the recent dip, has acted as a pivotal point. Additionally, $1.70 may form another key support level, where the price consolidated after the upward movement.

Source: Coinmarketcap

On the resistance side, $1.85 stands as the immediate barrier, as the price was rejected at this level during the recent surge. If the price maintains upward momentum, $1.90 could emerge as the next resistance level based on prior trends.

SUI/USD 1-day price chart, Source: Trading view

Looking at technical indicators, SUI’s Relative Strength Index (RSI) is at 77.10, suggesting overbought conditions. However, the Moving Average Convergence Divergence (MACD) trading above the signal line indicates short-term bullish momentum, reinforcing the positive trend.

Sei on the Rise: Examining Price and Market Activity

Sei (SEI), another top-performing altcoin, has also seen an impressive 5.28% price increase over the last 24 hours, currently trading at $0.4698. Following a dip to $0.4462, Sei rebounded sharply, reaching a high of $0.52 before pulling back. A 154.75% spike in trading volume indicates growing market interest, driven by increased buying pressure.

Source: Coinmarketcap

Support for SEI sits around $0.4462, where the price recovered after the recent dip, with another potential support at $0.46. On the upside, the key resistance level to watch is $0.52. If SEI breaks this level, the next target could be $0.55 based on past market performance.

SEI/USD 1-day price chart, Source: Trading view

Technical indicators for Sei suggest that while RSI is nearing 69.82, approaching overbought conditions, the MACD remains positive, trading above the signal line and signaling potential bullish momentum ahead.