Sui (SUI) has surged beyond $7.7, approaching the $11.2 Fibonacci level, as bullish momentum continues to build. The network's expansion is driven by a record total value locked (TVL) of $2.6 billion and a decentralized exchange (DEX) volume of $20.33 billion. Analysts highlight that maintaining a position above $11.2 could propel SUI to new highs, while potential dips might test the $5–$6 support range. The token is currently in a 'price discovery' phase, characterized by strong accumulation patterns and sustained buying momentum.