Crypto Analyst Michaël Van De Poppe Sees SUI Poised for a Significant Upsurge

SUI remained steady above $3.10 on Monday, with the total value locked reaching $1.8 billion and the supply of stablecoins nearing $1.2 billion. Traders are keeping a close eye on SUI for a potential breakout above $3.30.

Key Points:

• SUI has registered a gain of 3.85% in the last 24 hours, trading at $3.1110, and peaked at $3.1554 during the analysis.
• Analyst Michaël Van De Poppe noted the increase in stablecoin supply, rising wallet adoption, and a substantial 90% growth in SuiLend’s TVL over the past month.
• The breakout above $3.30 could ignite a new surge, as current market conditions show bullish trends and strong support at $3.09.

During this analysis period, SUI’s trading range varied between $2.9742 and $3.1554, reflecting a 6.09% intraday movement with significant volume observes, indicating robust buyer interest.

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