SUI Price Bounces Back as Key Support Holds, DeFi TVL Surges to New High

The SUI price is showing signs of recovery as buyers defend an important support area at $0.735.

This level has been identified by crypto analyst Michaël van de Poppe, who suggests that holding it could signal a bullish reversal ahead.

If the SUI price can maintain this zone, it may provide the foundation for another upward move and challenge higher resistance levels in the coming sessions.

The data from MSB Intel further highlighted that the Sui blockchain's DeFi economy has achieved a new record by locking $462.5 million worth of funds, which could boost adoption and growth in the ecosystem.