Among the broader crypto market, a recent rally in SUI price has displayed notable strength in July alongside top altcoins like XRP, ADA, and HYPE. 

As a result, the SUI price momentum displayed in the past 25 days has led its price to surge past the $4 mark. The renewed bullishness, with technical and fundamental factors, is all signals for another potential breakout. 

So far, with BTC hitting a new all-time high at $123K, SUI has followed closely, benefiting from rising investor optimism and enhanced network utility. If more demand comes into the market, the rise is imminent.

Institutional Demand and Record TVL Support SUI Price Trajectory

A key catalyst for the current SUI price momentum is the exponential growth in its TVL, which recently hit an all-time high of $2.25 billion, per the Sui Network’s official X account. This indicates a surge in institutional participation and capital inflows into the ecosystem.

This record TVL suggests not only increased user activity of investors and developers on the network, but also long-term confidence in the protocol’s stability and scalability can be measured from this metric. 

The rise in TVL reveals the SUI crypto’s expanding DeFi footprint that adds a strong fundamental base for the future appreciation.

Technical Breakout Validates Bullish SUI Price Prediction

From a technical standpoint, SUI recently reclaimed the $4 level, which was last seen in mid-May 2025. This level now acts as a key support zone, boosting the SUI price prediction for the near term. 

When writing, the sui price today, currently hovering just above the $4 threshold, reflects this growing trust in the network’s potential.

Analysts have noted that the SUI price USD has broken out of a multi-month consolidation triangle, and has been confirming a bullish continuation setup.

Prominent trader CryptoWolf noted in a recent post that the breakout could open up room for targets at $5.32, $6.53, and eventually $7.60, if momentum remains intact. 

In the short term, as long as SUI crypto price sustains above its breakout zone and broader crypto sentiment remains bullish, technical traders expect this move to extend deeper into the upside zone.

Utility-Driven Rally Strengthened by NEAR Protocol Integration

Beyond price action and adoption metrics, SUI Network’s latest integration with NEAR Protocol’s “Intents” adds a utility layer that could prove transformational. 

The feature, per the official X post, highlights that this move enables seamless cross-chain swaps from over 20 networks directly into SUI, requiring no bridges, no wallet transfers, and no gas.

This single-click experience significantly improves usability, making SUI Network more accessible to a broader range of users and developers. 

It also reinforces the network’s narrative as a scalable Layer 1 blockchain, likely contributing to the positive SUI price USD momentum.

As SUI continues to benefit from Bitcoin’s macro tailwinds and strengthens its own fundamentals, SUI price could maintain its bullish tone going into the final weeks of July.