According to Michaël van de Poppe, Sui (SUI) is demonstrating signs of a strong market reversal, positioning it as a potentially robust ecosystem. The analyst notes that SUI successfully held a strong support level at $2.35 and has since initiated a substantial rally after breaking its downtrend. A crucial breakout above the $3 mark is now the key level to watch, as van de Poppe suggests this would signal a 'buy the dip' territory for traders.

According to crypto analyst Michaël van de Poppe, the SUI ecosystem is showing strong fundamental growth, making it a 'super interesting' asset. He notes that the stablecoin supply on the Sui network has surged from $400 million to nearly $1.2 billion since January, while the total value locked (TVL) has hit $1.8 billion, ranking it third among non-EVM chains. Van de Poppe highlights that if SUI can achieve a decisive close above the $3.30 resistance level, it could trigger a new run towards all-time highs. This analysis is supported by recent price action, where SUI rose 3.85% to trade around $3.1110, breaking key resistance levels on strong volume and establishing new support around $3.12.

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.