Sui
Exchanged for $ 3.1110 on Monday, 3.85% increased in the past 24 hours following a multi-hour uptrend that pushed the token through the levels of the main resistance. The asset struck a session of $ 3.1554 before adjusting just above $ 3.11, with a strong volume that supports the breakout attempt.
Michaël Van de Poppe is called Sui “Super Kawili -wili as an ecosystem” in a Post on x Earlier Monday, teaching some major on-chain milestones. The Stablecoin supply to the SUI network grew from $ 400 million in January to nearly $ 1.2 billion. Meanwhile, the total amount locked (TVL) reached $ 1.8 billion-ranking third in non-EVM chains. Wallet adoption also accelerates, assisted by the integration of the Phantom and the launch of the slush, the Rebranded Sui Wallet.
Suilend, the protocol lending platform, saw TVL progressing 90% last month to over $ 600 million. Van de Poppe noted that this growth, in conjunction with the previous behavior of the Bullish chart, could set a stage for a strong breakout if SUI could close above $ 3.30. He described that level as a major liquidity zone that could spark a move to new highs.
The review period also showed a strong consumer relationship, especially around $ 3.12. The price is briefly combined after the climax but continues to form higher intraday lows – suggests ongoing momentum despite a moderate cooldown from session highs.
Technical assessments
- During the review, the SUI exchanged between $ 2.9742 and $ 3.1554, marked a 6.09% intraday move.
- The price was formed by a unique uprising, which fell above a $ 3.08 resistance with support that established $ 2.96- $ 2.97.
- Volume exceeds 12 million units between 01:00 and 07:00 gmt, proving the extensive interest of accumulation.
- At 13:56 GMT, Sui advanced to a level of $ 3.12 in a spike volume of over 1 million units, which started a breakout.
- Between 13:56 and 14:03 GMT, price action remained strong and formed a new support band around $ 3.12.
- At the end of the review window, the SUI advanced from $ 3.09 to $ 3.13 to a 1.29% move, closing the bullish continuity patterns.
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