SUI Price Consolidates Near $550M TVL Amid Geopolitical Tension

The SUI price has been experiencing a short-term consolidation trend around the levels of $1.08 and $0.82. This consolidation aligns broader market uncertainty amid escalating geopolitical tension in the middle east.

Despite recent network upgrades, including a scheduled unlock on April 1 releasing approximately 43 million SUI tokens, equivalent to roughly $37 million at prevailing prices, the SUI price lacks momentum. The total value locked (TVL) in Sui DeFi protocols has stabilized around $550 million since February.

A fresh higher low formation in Relative Strength Index (RSI) suggests a rising buyers pressure at $0.82 support, increasing SUI’s potential for rebound. If buyers continue to defend this support, the SUI price could rise 24% with renewed recovery and challenge the upper ceiling at $1.08.