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SUI Token Gains Bullish Traction as Analyst Eyes $3.30 Breakout Threshold
SUI Token Gains Bullish Traction as Analyst Eyes $3.30 Breakout Threshold
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI climbed 3.85% to $3.1110 on Monday, surpassing key resistance levels with an intraday peak of $3.1554. The rally was supported by robust trading volume, indicating strong buyer commitment NEAR the $3.12 level.
Noted crypto analyst Michaël van de Poppe emphasized SUI''s expanding ecosystem, revealing its stablecoin supply has surged 200% since January to $1.2 billion. The network''s TVL now ranks third among non-EVM chains at $1.8 billion.
SuiLend''s TVL witnessed a 90% monthly increase to surpass $600 million. Van de Poppe identifies $3.30 as a critical breakout point, stating a sustained close above this level could unlock significant upside potential and establish new price highs.
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