According to Michaël van de Poppe, SUI traded at $3.1110 with a 3.85% gain, indicating strong bullish momentum. He highlighted that stablecoin supply on the Sui network surged from $400 million to $1.2 billion, and total value locked reached $1.8 billion, ranking third among non-EVM chains. Van de Poppe noted SuiLend's TVL jumped 90% to over $600 million, predicting that a close above $3.30 could trigger a move to new highs. Technical analysis confirmed resistance was broken at $3.08 with support forming at $2.96-$2.97, and volume spikes over 12 million units signaled buyer accumulation.