- Sui sets a new DEX volume record to $ 14.8 billion, but the price is confronted with a strong resistance below $ 3.87.
- Despite increasing TVL and inflow, MACD and liquidation clusters limit short -term failure potential.
Sky [SUI] has set a new milestone by including the highest monthly DEX volume ever in May 2025 and reaching $ 14.8 billion. That is almost 4x its historical average of $ 3.93 billion.
Such an aggressive increase indicates increased trading activity, possibly driven by the growing interest in its native Defi protocols and persistent impulse within its ecosystem.
Although volume growth often precedes price rallies, the current consolidation of Sui sui under the most important resistance that traders remain careful.
Yet this unprecedented Gulf Stoot can lay the foundation for an outbreak if the buyer pressure persists.
Can rising TVL and on-chain activity turn further upside down?
Sui’s total value locked (TVL) climbed to $ 2,346 billion, which marked an increase of 7.69% in the last 24 hours.
This sharp increase indicates that capital is increasingly flows into sui-based defi-protocols.
In addition, spot flows showed a mild accumulation bias: $ 54.92 million flowed in, while $ 53.61 million left. That net inflow of $ 1.31 million, in combination with rising TVL, hinted on steady hands that accumulate during consolidation.
Source: Defillama
Despite robust signals on chains, caution remains with traders.
Open interest rate fell by 2.83% to $ 1.79 billion, which shows that leverage traders can take a breathing break, either cutting or locking in recent profits.
This moderation in speculative positions reflects uncertainty around the direction of the short term.
Price promotion slows down: will the resistance hold around $ 3.87?
Sui traded at $ 3.69 at the time of the press, an increase of 3.98% in the day. Yet it was stuck under the heavy $ 3.87 – $ 4.13 Fibonacci resistance zone.
Until now, the price within this reach has been consolidated for weeks, unable to break higher.
The MACD indicator showed a weakening bullish trend, with the signal and MacD lines converging and histogram stations fade.
Despite favorable Dex and TVL trends, this loss of Momentum suggests that market participants are awaiting confirmation before they enter aggressively.
Therefore, unless buyers push through this resistance zone, the price in the current reach can remain imprisoned.
Source: TradingView
Will sui -reading clusters block the outbreak?
Liquidation HeatMap -Data data revealed dense liquidation zones between $ 3.6 and $ 3.87, which emphasize where short positions are the most vulnerable.
These clusters often act as resistance, because the price moves to them, tend to activate defensive sales or force liquidations.
Breaking above $ 3.87 can feed a short squeeze, which accelerates the price to the next key high level in the vicinity of $ 4.97. However, not deleting this zone can invite a withdrawal to the levels of $ 3.57 or even $ 3.12.
Source: Coinglass
Can sui convert growth into a decisive outbreak?
Of course, Sui’s Defi activity looks explosive, but the price has still not been followed.
The road in front depends entirely on the bulls that collect the power to convert the range of $ 3.87 – $ 4.13.
Without that outbreak, even record -breaking statistics may not be enough to push Sui out of this holding pattern.