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.

According to @AltcoinGordon on Twitter, SUI has seen a remarkable 73% increase over the past week, indicating strong bullish momentum and heightened trading activity (source: twitter.com/AltcoinGordon/status/1915778523022713281). Short sellers who bet against SUI are currently facing significant losses, suggesting that the upward trend may persist if buying pressure continues. Traders should closely monitor SUI's trading volume and resistance levels to identify potential entry and exit points as volatility remains elevated.