According to Michaël Van De Poppe, SUI is on the edge of a new run towards highs, driven by strong on-chain growth including a stablecoin supply surge to $1.2 billion and total value locked (TVL) at $1.8 billion, ranking third among non-EVM chains. Technical analysis shows SUI broke resistance at $3.08 with support at $2.96-$2.97, and if it closes above $3.30, it could trigger a move to new price peaks based on volume spikes and bullish continuation patterns.

According to Michaël van de Poppe (@CryptoMichNL), SUI is positioned as a core pillar for the upcoming bull cycle, ranking 8th among all blockchains by total value locked (TVL). Suilend, SUI's leading lending protocol, has seen a significant 90% TVL increase in the past month, now reaching $700 million. Notably, over 10% of SUI's TVL is linked to Bitcoin-related products, demonstrating strong cross-chain demand and highlighting opportunities for traders tracking both SUI and Bitcoin DeFi sectors (source: @CryptoMichNL, June 9, 2025).

According to Michaël van de Poppe (@CryptoMichNL), SUI has demonstrated notable resilience, rallying 20% since its recent drop despite the Cetus exploit. The total value locked (TVL) on the SUI network remains robust at $1.8 billion and is steadily increasing, indicating sustained investor confidence and a healthy DeFi ecosystem. This strong recovery provides a bullish signal for traders, suggesting underlying demand and ecosystem stability even in the face of negative events (source: @CryptoMichNL, June 5, 2025).