According to @CryptoMichNL, SUI remains above a crucial support zone and continues to form higher lows, indicating a constructive bullish structure for traders, source: @CryptoMichNL. He reports that the Sui ecosystem has expanded in recent months with stablecoin TVL and BTC TVL rising significantly, which he views as supportive for on-chain liquidity and potential demand, source: @CryptoMichNL. He adds that Bluefin DEX volumes reached new all-time highs in October, signaling stronger trading activity in the Sui ecosystem, source: @CryptoMichNL. He also notes that Grayscale Trusts have been established for multiple projects, which he believes is constructive for broader market sentiment, source: @CryptoMichNL. Based on these factors, he believes SUI could attempt a new ATH if broader markets reverse and considers current levels a bargain entry zone, source: @CryptoMichNL.