“Sui Held Firm Above $ 3.10 Monday as Tvl Jumped to $ 1.8b and Stablecoin Supple Neared $ 1.2b, with Traders Watching for a Breakout Above $ 3.30.”, – WRITE: www.coindesk.com
Traded AT $ 3.1110 On Monday, Rising 3.85% Over The Past 24 Hours Following A Multi-Hour Uptrend That Pusted The Token Through Key Resistance Levels. The Asset Hit A Session High of $ 3.1554 Before Setting Just Above $ 3.11, with Strong Volume Supporting The Breakout Attempt.
Michaël Van de Poppe Called Sui “Super Interesting As An EcoSystem” in a post on X Earlier Monday, Pointing to Several Major on-Chain Milestones. The Stablecoin Supple on the Sui Network Has Grown from $ 400 Million in January to Nearly $ 1.2 Billion. Meanwhile, Total Value Locked (TVL) Has Reached $ 1.8 Billion-Ranking Third Among Non-Evm CHAINS. Wallet Adoption Is Also Acceleration, Helped by the Integration of Phantom and the Launch of Slush, The Rebranded Sui Wallet.
Suilend, The Protocol’s Lending Platform, Has Seen It TVL Surge 90% Over The Past Month to More than $ 600 Million. Van de Pope Noted that this growth, Coupled with Previous Bullish Chart Behavior, May Set The Stage for a Strong Breakout IF SUI CAN CLESE ABOVE $ 3.30. He described that level as a key liquidity zone that Could Could Spark a Move to New Highs.
The Analysis Period Also Showed Strong Buyer Engagement, Particularly AROUND $ 3.12. Price Briefly Consolidated after the peak But Continued to Form Higher Intrady Lows – Suggesting Continued Mmentum Despite a Modesst Cooldown from SESSION HIGHS.
Technical Analysis Highlights
- Durying the Analysis Period, Sui Traded Between $ 2.9742 and $ 3.1554, Marking A 6.09% INTRADAY MOVE.
- Price ForMed A Consistent Uptrend, Breaking Above $ 3.08 Resistance with Support Establishing AT $ 2.96– $ 2.97.
- Volume Exceeded 12 Million Units Between 01:00 and 07:00 GMT, Confirming Broad Accuumulation Interest.
- AT 13:56 GMT, SUI SURGED THRUGH The $ 3.12 Level on A Volume Spike Over 1 Million Units, Initiating A Breakout.
- Between 13:56 and 14:03 GMT, Price Action Remoned Strong and Formed A New Support Band AROUND $ 3.12.
- Toward the end of the Analysis Window, SUI Advanced from $ 3.09 to $ 3.13 in A 1.29% Move, Closing with Bullish Continuation Patterns Intact.
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