According to Michaël van de Poppe, the SUI token is 'super interesting' and potentially on the edge of a new run towards all-time highs, contingent on breaking key resistance. Van de Poppe highlights that a close above the $3.30 level, which he identifies as a key liquidity zone, could trigger a significant breakout. His bullish outlook is supported by strong on-chain fundamentals, as cited in the source. These include the Sui network's stablecoin supply growing from $400 million to nearly $1.2 billion since January, its total value locked (TVL) reaching $1.8 billion, and its lending protocol, SuiLend, seeing its TVL surge 90% in the last month to over $600 million. The analysis also noted that SUI (SUI) recently broke through key resistance levels with strong volume, suggesting sustained buyer interest and accumulation.

According to Lookonchain, a whale's $20M long position on $SUI is at risk of liquidation if the price drops to $4.56.