SUI ecosystem shows signs of accelerating momentum both technically and fundamentally with potential breakout above $3.30 predicted by analyst Michaël van de Poppe.
Various metrics, including stablecoin volume surging to nearly $1.2 billion, TVL reaching $1.8 billion, and rapid wallet adoption, indicate increasing prominence of SUI.
SuiLend, the lending protocol, now holds over $600 million TVL, marking a 90% increase in one month.
On the chart, SUI is at a critical support zone between $2.63 and $2.85, and a move back towards $3.15–$3.30 is likely if this area holds.
A breakout above $3.30 could trigger a liquidation squeeze, leading to the next leg up as per Van de Poppe.