SUI Holds Above $3.10 as On-Chain Metrics Point to Breakout Potential

SUI maintained a firm grip above the $3.10 mark on Monday, gaining 3.85% in the past 24 hours amid rising investor optimism and surging on-chain activity. The token reached a session high of $3.1554 before stabilizing near $3.1110, supported by robust trading volume and sustained upward momentum.

Crypto analyst Michaël van de Poppe highlighted the ecosystem’s growing strength, calling SUI “super interesting” in a post on X. He cited key metrics such as the ballooning stablecoin supply — up from $400 million in January to nearly $1.2 billion — and total value locked (TVL), which now stands at $1.8 billion, making Sui the third-largest non-EVM blockchain by TVL.

Wallet adoption is accelerating as well, boosted by the introduction of the Slush wallet (formerly SUI Wallet) and integration with Phantom. Meanwhile, SuiLend, the chain’s leading lending protocol, has seen its TVL soar 90% over the past month to over $600 million.

Van de Poppe pointed to $3.30 as a critical resistance level. A close above that threshold could trigger a significant breakout, with the area described as a major liquidity zone that might open the path toward new highs.

Throughout the session, buyers showed strong engagement — particularly near the $3.12 level. Although the token saw mild consolidation after peaking, the pattern of higher intraday lows remained intact, suggesting bullish momentum continues to build.

Technical Analysis Summary

• SUI traded within a $2.9742–$3.1554 range, marking a 6.09% intraday swing.
• The token broke above key resistance at $3.08 and formed solid support between $2.96 and $2.97.
• Accumulation was confirmed by volume exceeding 12 million units between 01:00 and 07:00 GMT.
• At 13:56 GMT, SUI pierced $3.12 on a volume spike of over 1 million, setting up a new support zone.
• By the end of the analysis window, price rose from $3.09 to $3.13 in a 1.29% move, maintaining a bullish continuation pattern.