Sui hovers around $2.08 on Wednesday after bouncing from a key support level on Monday, signaling chances of hitting a new all-time high in the short term. TVL value is rising, indicating more users deposit or use assets within SUI-based protocols. SUI’s decentralized exchange trading volume is increasing, suggesting a surge in traders’ interest and liquidity in the SUI ecosystem. Sui (SUI) price trades around $2.08 on Wednesday after retesting key support and rallying 17% on Tuesday, signaling the potential for a new all-time high in the short term. This bullish momentum is further bolstered by rising Total Value Locked (TVL) and increased decentralized exchange (DEX) trading volume, reflecting heightened trader activity and usage of the SUI ecosystem. SUI Price Forecast: Eyes for new all-time high Sui's price crashed over 25% after reaching a new all-time high (ATH) of $2.36 on October 13. However, on Monday, it retested and found support around its 61.8% Fibonacci retracement level at $1.64, rallying over 17% on Tuesday. This level roughly aligns with the 50-day Exponential Moving Average (EMA) at around $1.73, making it a key reversal zone. As of Wednesday, it continues to trade higher around $2.08.