SUI Token Surges 3.85% as Ecosystem Growth and TVL Boom Fuel Bullish Momentum

SUI gained 3.85% to reach $3.1110 on Monday, breaking through key resistance levels amid strong trading volume. The token peaked at an intraday high of $3.1554 before stabilizing above $3.11, with significant buyer interest at $3.12 indicating bullish momentum.

Crypto analyst Michaël van de Poppe praised Sui''s ecosystem as "super interesting," noting a dramatic increase in stablecoin supply from $400 million in January to nearly $1.2 billion. Total value locked (TVL) climbed to $1.8 billion, positioning sui as the third-largest non-EVM chain. User adoption accelerated with the integration of Phantom wallet and the launch of Slush, SUI’s rebranded wallet.

SuiLend, the ecosystem’s lending protocol, experienced a 90% TVL increase in one month, surpassing $600 million. Van de Poppe identified $3.30 as a crucial liquidity zone for further price appreciation.

Technically, SUI traded within a 6.09% range between $2.9742 and $3.1554, establishing new support at $2.96–$2.97. Trading volume exceeded 12 million units during early sessions, confirming accumulation. A rapid spike above $3.12 saw over 1 million units traded within minutes, solidifying support at that level.