According to @AltcoinGordon, crypto analyst Michaël van de Poppe has identified SUI as a token on the verge of a potential new run towards all-time highs, citing significant on-chain growth. The source highlights that the stablecoin supply on the Sui network has surged from $400 million in January to nearly $1.2 billion, while its Total Value Locked (TVL) has reached $1.8 billion, making it the third-largest non-EVM chain. Furthermore, the lending protocol SuiLend saw its TVL increase by 90% to over $600 million in the last month. From a trading perspective, van de Poppe noted that a close above the $3.30 level is a critical liquidity zone that could trigger a strong breakout. During the analysis period, SUI (SUI) traded at $3.1110 after breaking key resistance, with support established around $2.96-$2.97.

According to Michaël van de Poppe, the SUI (SUI) ecosystem is showing strong fundamental growth that could fuel a significant price breakout. Van de Poppe highlights that the stablecoin supply on the Sui network has grown from $400 million in January to nearly $1.2 billion, while its Total Value Locked (TVL) has hit $1.8 billion, making it the third-largest non-EVM chain, as per the source. From a trading perspective, he identifies $3.30 as a critical liquidity zone. A successful daily close above this level could trigger a move towards new highs for SUI, according to his analysis. The report also notes that SUI has already broken key resistance, trading around $3.11 with strong volume, suggesting sustained buyer interest and potential for continuation.