SUI: Will ‘cup and handle’ setup help coin break $4.18 resistance?

• Open Curiosity jumped 31.3% as funding flipped optimistic, displaying robust lengthy dealer conviction.
• Quick liquidations price $1.64M mirrored vendor exhaustion close to the $4.18 breakout zone.

Sui [SUI] has achieved a major on-chain milestone as its Complete Worth Locked (TVL) soared to a report $2.2 billion on the twenty second of Could 2025. 

This represents a 222% improve over the previous yr, underscoring a speedy enlargement of DeFi exercise on the community. 

The surge highlights rising investor confidence and sustained demand for SUI-based protocols. On the time of writing, SUI traded at $4.08, up 6.20% within the final 24 hours. 

SUI derivatives market exercise reveals aggressive positioning

SUI’s derivatives panorama displays rising dealer curiosity, with Open Curiosity (OI) rising by 31.30% to $1.76 billion. This surge in open contracts indicators a contemporary wave of capital getting into the market. 

Moreover, the Quantity-Weighted Funding Charge flipped optimistic to 0.011%, confirming a shift in momentum as lengthy merchants achieve dominance. This optimistic funding signifies that bulls at the moment are keen to pay a premium to carry positions. 

Due to this fact, the uptick in OI and funding implies a robust speculative urge for food that might amplify volatility in the course of the subsequent main worth transfer.

Supply: CoinGass

Value ranges to look at: Can bulls affirm the cup-and-handle breakout?

On the time of writing, SUI was approaching a essential resistance close to $4.18, aligning with the neckline of a creating cup-and-handle sample. 

The latest push towards this degree suggests rising bullish intent, however affirmation requires a decisive breakout supported by quantity. Failure to shut above this mark could result in short-term rejection, with the deal with nonetheless in formation. 

Nevertheless, if bulls handle to flip this resistance into assist, the construction may set off a continuation rally.

Supply: TradingView

Quick liquidations spike as bears get squeezed

A wave of brief liquidations has added gasoline to SUI’s rally. Within the final session alone, over $1.64 million in brief positions had been worn out throughout main exchanges, with Bybit and Binance recording the biggest losses. 

This liquidation cascade means that bears misjudged the breakout momentum, resulting in pressured exits. In the meantime, lengthy liquidations remained minimal at $84.72K, indicating that the upside strain stays intact.

Due to this fact, the imbalance between lengthy and brief liquidations displays the market’s bullish tilt as sellers proceed to exit underwater trades.

Supply: CoinGlass

MACD and RSI affirm underlying energy

Momentum indicators additional validate the bullish bias. At press time, the MACD was on the verge of a bullish crossover, suggesting a shift towards upward worth momentum. 

On the identical time, the RSI learn 67.42 — signaling robust purchaser curiosity whereas nonetheless leaving room for additional upside earlier than getting into overbought territory. 

These technical indicators, mixed with the rising worth and surging TVL, assist a sustained bullish narrative. 

Due to this fact, each momentum and development indicators are aligning with worth motion to strengthen the energy of the present rally.

Supply: TradingView

Can SUI maintain this momentum into worth discovery?

With a report $2.2 billion in TVL, rising OI, and robust momentum indicators, SUI is well-positioned to interrupt above the $4.18 resistance. 

The creating cup-and-handle setup has attracted bullish exercise, whereas brief liquidations affirm fading bearish strain. MACD and RSI assist additional upside. 

Due to this fact, SUI is more likely to flip $4.18 into assist and lengthen its rally, initiating a possible worth discovery section.