The SUI network token has captured significant trader attention, climbing 3.85% on Monday to trade at $3.1110. This surge was part of a sustained multi-hour uptrend that saw the asset decisively break through several key resistance points, culminating in a session high of $3.1554. The move was underpinned by substantial trading volume, signaling strong conviction from buyers. According to analysis by prominent crypto trader Michaël van de Poppe, SUI is positioned on the brink of a major upward move, describing the asset as being “on the edge of a new run towards highs.” This bullish sentiment is not based on technicals alone, but on a powerful confluence of on-chain growth and positive market structure.

Sui's On-Chain Ecosystem Fuels Bullish Momentum

Van de Poppe highlighted the impressive fundamental growth within the Sui ecosystem, calling it “super interesting.” A key metric is the explosion in stablecoin supply on the network, which has skyrocketed from $400 million in January to nearly $1.2 billion. This influx of stable capital is a crucial indicator of a growing and liquid DeFi environment. Furthermore, the Total Value Locked (TVL) on Sui has surged to $1.8 billion, making it the third-largest non-EVM chain by this measure. This demonstrates increasing user trust and capital allocation to the network's protocols. This growth is further evidenced by the performance of SuiLend, the network's premier lending platform, which saw its own TVL increase by a staggering 90% in the last month alone to eclipse $600 million. Ecosystem-wide adoption is also accelerating, boosted by strategic integrations like the Phantom wallet and the launch of the rebranded native wallet, Slush.

Technical Breakout Levels to Watch for SUI/USDT

From a trading perspective, SUI's price action tells a compelling story of accumulation and upward pressure. During the analysis period, the token carved out a 6.09% intraday range between $2.9742 and its peak at $3.1554. A critical moment occurred when the price broke above the $3.08 resistance level, with significant volume confirming the move. Early morning trading between 01:00 and 07:00 GMT saw volume exceed 12 million units, pointing to broad accumulation. Later, at 13:56 GMT, another volume spike of over 1 million units propelled SUI through the $3.12 level, establishing a new support band. Van de Poppe identifies the $3.30 mark as the ultimate test for bulls. He describes this level as a major liquidity zone; a decisive daily close above this price could absorb overhead supply and trigger a powerful continuation toward new all-time highs.

Broader Altcoin Market Context: SOL and ADA Show Strength

SUI's bullish posture is not occurring in a vacuum. The broader altcoin market, particularly among leading Layer-1 protocols, is displaying concurrent strength, which could provide a significant tailwind for SUI. For instance, Solana (SOL) registered a solid 2.8% gain, with the SOL/USDT pair trading at $156.91 after reaching a 24-hour high of $159.10. Similarly, Cardano (ADA) showed even greater momentum, with the ADA/USDT pair jumping 4.81% to $0.6232. This synchronized upward movement suggests a risk-on appetite is returning to the market, benefiting high-beta assets like SUI. Crucially, these altcoins are also showing strength against Bitcoin. The ADA/BTC pair rose 1.09%, and the SOL/BTC pair gained 0.87%, indicating that capital is beginning to rotate from Bitcoin into major altcoins. This environment is highly conducive for a potential SUI breakout, as rising sentiment across the Layer-1 sector often lifts all promising projects.

In conclusion, traders are watching SUI with keen interest as it stands at a critical crossroads. The potent combination of explosive on-chain growth, demonstrated by its TVL and stablecoin metrics, and a bullish technical structure presents a compelling case for further upside. The immediate price action, characterized by higher lows and strong volume on breakouts, suggests continued buyer control. However, the path to new highs hinges on conquering the formidable $3.30 resistance. A successful breach of this level, especially in the context of a strengthening altcoin market led by peers like SOL and ADA, could confirm Michaël van de Poppe's analysis and initiate the next major leg up for the SUI token.