The SUI ecosystem demonstrates signs of accelerating growth both technically and fundamentally. Analyst Michaël van de Poppe notes that SUI's metrics continue to strengthen.
Increase in Interest for SUI
Several metrics underline SUI's rising prominence:
* Stablecoin volume on SUI surged from $400 million in January to nearly $1.2 billion today. * Total value locked (TVL) reached $1.8 billion, placing SUI third among non-EVM chains. * Wallet adoption is growing rapidly, helped by Phantom integration and the new Slush wallet. * Lending protocol SuiLend now holds over $600 million TVL, a 90% increase in just one month. * This activity paints a clear picture: users and capital are flowing into SUI with increasing velocity.
Technical Indicators and Breakout Possibilities
On the chart, SUI has entered a critical support zone between $2.63 and $2.85. Van de Poppe notes that this area should hold if bulls are to regain control. If it does, a move back toward $3.15–$3.30 becomes likely.
Charts and Predictions
A breakout above $3.30 would likely trigger a liquidation squeeze, as short positions get wiped out. Van de Poppe sees that reclaim as a launchpad for the next leg up. Market corrections often shake out weak hands; in SUI’s case, the correction may be fueling the next rally.
The SUI ecosystem continues to grow, which may herald a significant breakout in the markets. Both technical and fundamental indicators are signaling the potential for further growth.
