The SUI token has captured significant attention from traders and analysts, demonstrating robust upward momentum in a market showing mixed signals. On Monday, SUI climbed 3.85%, reaching a price of $3.1110 after a sustained multi-hour rally. This surge pushed the asset through several key resistance levels, culminating in a session high of $3.1554 before a slight consolidation. The breakout attempt was notably supported by strong trading volume, suggesting a high degree of conviction among buyers and laying the groundwork for a potential continuation of its bullish trend. The price action indicates that traders are actively accumulating SUI, viewing the recent dip as a buying opportunity ahead of a larger expected move.

The bullish sentiment was amplified by prominent crypto analyst Michaël van de Poppe, who highlighted SUI's burgeoning ecosystem in a detailed analysis. According to a post by van de Poppe, SUI is becoming a "super interesting" ecosystem, underpinned by explosive on-chain growth. He pointed to several critical metrics that underscore the network's rapid expansion. The stablecoin supply circulating on the Sui network has skyrocketed from just $400 million in January to nearly $1.2 billion, a threefold increase in a matter of months. This influx of stable capital is a powerful indicator of growing user trust and liquidity within the ecosystem. Furthermore, the Total Value Locked (TVL) on Sui has surged to $1.8 billion, positioning it as the third-largest non-EVM chain—a remarkable feat for a relatively new Layer 1 protocol.

On-Chain Growth Fuels Breakout Potential

Diving deeper into the ecosystem's health, user adoption is accelerating at an impressive pace. This growth is partly attributed to strategic integrations, such as the support from the popular Phantom wallet, and the launch of Slush, the network's rebranded native wallet, which has improved the user experience. A key driver of the TVL growth is SuiLend, the protocol's premier lending platform. Its TVL has soared by an astonishing 90% in the last month alone, now exceeding $600 million. Van de Poppe emphasized that this combination of fundamental on-chain strength and previously bullish chart patterns sets a compelling stage for a major price breakout. He identified the $3.30 level as the critical resistance and liquidity zone. A decisive close above this price could trigger a cascade of buy orders, potentially propelling SUI towards new all-time highs.

Technical Indicators and Market Comparison

From a technical standpoint, SUI's intraday performance was a masterclass in bullish momentum. The token traded within a range of $2.9742 to $3.1554, a significant 6.09% move. The initial breakout occurred as SUI decisively cleared the $3.08 resistance, with a new support floor quickly establishing in the $2.96–$2.97 range. Trading volume was particularly heavy between 01:00 and 07:00 GMT, exceeding 12 million units and confirming widespread accumulation. A pivotal moment occurred at 13:56 GMT when a volume spike of over 1 million units propelled the price through the $3.12 level, solidifying the breakout. In the minutes that followed, price action stabilized, forming a new support base around $3.12, which traders will now watch closely for potential re-entry points. SUI's performance stands in contrast to other major altcoins. While Solana (SOL) saw modest gains of around 1% to trade near $151 and Cardano (ADA) rose about 1.2% to $0.568, SUI's nearly 4% jump signifies notable relative strength. This outperformance could attract further capital from traders looking for assets with strong, independent momentum in an otherwise consolidating market. The close near session highs with bullish continuation patterns intact suggests that the upward trajectory may persist into the next trading sessions, with all eyes on the crucial $3.30 target.