Sui
It was negotiated at $ 3110 on Monday, increasing 3.85% in the last 24 hours after a several -hour bullish trend that pushed the token through key resistance levels. The asset reached a maximum session of $ 3,1554 before resolving just above $ 3.11, with a strong volume that supports the breakup attempt.
Michaël Van de Poppe called Sui “Super interesting as an ecosystem” in an earlier publication on Monday, pointing out several important milestones in the chain. Stablecoin’s supply on the Sui Network has grown from $ 400 million in January to almost $ 1.2 billion. Meanwhile, the total blocked value (TVL) has reached $ 1.8 billion, occupying third place between non -EVM chains. The adoption of the wallet is also accelerated, helped by the integration of Phantom and the launch of Slush, the renowned Sui wallet.
Suilend, the protocol loan platform, has seen its 90% TVL increase during the last month to more than $ 600 million. Van de Poppe said that this growth, along with the previous behavior of the upward table, can prepare the stage for a strong break if SUI can close above $ 3.30. He described that level as a key liquidity zone that could cause a movement to new maximums.
The analysis period also showed a strong participation of the buyer, particularly around $ 3.12. The price was briefly consolidated after the peak, but continued to form higher intradic minimums, which suggests a continuous impulse despite a modest cooling of the session maximums.
TECHNICAL ANALYSIS
- During the analysis period, SUI quoted between $ 2,9742 and $ 3,1554, marking an intradic movement of 6.09%.
- The price formed a consistent upward trend, which broke above $ 3.08 with support that is established at $ 2.96– $ 2.97.
- The volume exceeded 12 million units between 01:00 and 07:00 GMT, confirming a broad interest of accumulation.
- At 13:56 GMT, SUI increased the level of $ 3.12 by an increase in volume of more than 1 million units, starting a break.
- Between 13:56 and 14:03 GMT, Price Action remained strong and formed a new support band around $ 3.12.
- Towards the end of the analysis window, SUI advanced from $ 3.09 to $ 3.13 in a 1.29%movement, closing with intact continuation patterns.
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