SUI Price Breaks Key Resistance as BTCFi Vision Gains Traction

SUI, the native token of the Sui blockchain, is drawing attention following a major breakout on the charts—driven by surging total value locked (TVL) and growing anticipation around Bitcoin-native decentralized finance (BTCFi) infrastructure.

Crypto strategist Michaël van de Poppe highlighted SUI’s recent momentum in a July 27 tweet, noting that the biggest breakthrough ahead is the “connection between Bitcoin and other chains.” According to him, SUI is now actively building the bridge that could unlock this vision.

SUI ecosystem expands as TVL grows

The Sui blockchain, known for its high throughput and Move-based smart contract design, is seeing its DeFi landscape mature rapidly. A sustained increase in TVL is signaling deeper liquidity and investor confidence, while developers ramp up integrations for BTCFi protocols.

Van de Poppe believes this structural growth is supported by current market behavior. The token’s recent price action shows a “substantial breakout” above previous resistance levels, suggesting early signs of a macro uptrend.

Price setup shows potential for all-time highs

According to the chart shared in the post, SUI has reclaimed a crucial support level near $2.80 and appears poised to revisit a key liquidity zone above $3.90. The technical setup points to a possible period of consolidation before continuation toward a new all-time high (ATH).

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Van de Poppe added that this consolidation is healthy and could offer new entry points. “I’m interested in buying the dips,” he concluded, signaling bullish conviction despite short-term volatility.

With BTCFi narratives gaining momentum and SUI leading efforts in cross-chain utility, traders are increasingly watching the asset as a core altcoin in the next wave of decentralized finance adoption.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.