“Michaël Van De Poppe sees SUI nearing a breakout that could lead to a strong upward move.”

SUI Breaks Higher as Ecosystem Growth Sparks Trader Optimism

SUI is gaining momentum again, holding above $3.10 on Monday amid a 3.85% daily gain, driven by a wave of positive on-chain developments and growing confidence from crypto analysts. The token touched $3.1554 at its peak before settling at $3.1110, buoyed by rising demand and strong volume.

Michaël van de Poppe, a well-followed market analyst, noted that SUI is “on the edge of a new run,” citing multiple bullish catalysts. Most notable is the surge in stablecoin supply on the Sui blockchain — tripling since January to nearly $1.2 billion — alongside a total value locked (TVL) that has climbed to $1.8 billion, placing it among the top-performing non-EVM chains.

Activity on the network is accelerating as wallet usage grows following the launch of the Slush wallet and integration with Phantom. The lending protocol SuiLend has also seen explosive growth, with TVL rising 90% in the past month to over $600 million.

Van de Poppe highlighted $3.30 as a “make-or-break” level that could lead to price discovery if breached. Market participants appear to be positioning for this breakout, with accumulation visible across multiple time frames.

Price action throughout the session showed consistent upward structure, with buyers stepping in aggressively near the $3.12 zone and supporting a series of higher lows.

Key Technical Takeaways:

SUI traded within a 6.09% intraday range between $2.9742 and $3.1554.
Breakout above $3.08 resistance came with sustained volume and strong buyer support.
A surge past $3.12 was triggered at 13:56 GMT on a volume burst of over 1 million tokens.
A fresh support zone formed around $3.12–$3.13, suggesting traders are betting on further upside.
The session ended with bullish continuation signals, supported by a steady flow of demand.