Analyst Says Sui Is "Super Interesting", Sees Major Upside Above $3.30

Popular crypto analyst Michaël van de Poppe has highlighted a strong bullish case for Sui (SUI), citing rapid ecosystem growth and favorable technical indicators. Van de Poppe, known for his technical analysis and market insights, emphasized Sui's recent performance in a detailed post on X, drawing attention to several key metrics that point to the network's strengthening fundamentals.

Ecosystem metrics show significant growth

Van de Poppe noted a dramatic rise in stablecoin activity on the Sui network, with the total stablecoin supply increasing from $400 million in January to nearly $1.2 billion. This tripling of on-chain stablecoin value signals growing user engagement and liquidity within the ecosystem.

In terms of total value locked (TVL), Sui has reached $1.8 billion, placing it third among non-EVM (Ethereum Virtual Machine) chains. Much of this momentum has been driven by SuiLend, a lending protocol on the network that has amassed over $600 million in TVL, a 90% surge over the past month alone.

Wallet adoption is also accelerating, aided by key integrations such as the Phantom wallet and the rebranded Slush wallet (formerly SUI Wallet). These developments suggest a growing user base and increased accessibility for new participants in the ecosystem.

$SUI remains super interesting as an ecosystem.

Fundamentally, they have been adding updates:

- The amount of stablecoins on the chain has gone vertical, as it was $400M in January and is now close to $ 1.2 B.

- Total value locked has reached $1.8B, which is the 3rd among… pic.twitter.com/D2PZhhy2Dg

— Michaël van de Poppe (@CryptoMichNL) June 16, 2025

Technical setup suggests breakout potential

Van de Poppe identified a promising technical structure for SUI, likening the current correction to previous setups that preceded strong upward moves. According to him, a break above the $3.30 level could trigger significant bullish momentum, potentially setting the stage for a new rally as liquidity gets absorbed at key resistance zones.

Expanding Bitcoin DeFi ecosystem on Sui

Beyond traditional DeFi metrics, Sui is positioning itself as a hub for Bitcoin DeFi (BTCfi), integrating various mechanisms to bring Bitcoin-based assets into its decentralized applications. This includes:

• Wrapped Bitcoin (WBTC): Enabled via the Sui Bridge, allowing users to deploy BTC in DeFi protocols like Bluefin and SuiLend.
• LBTC: A Bitcoin derivative by Lombard Finance, offering overcollateralized minting and integration with fixed-income DeFi products.
• Stacks integration: Sui recently added support for Stacks' sBTC, a 1:1 BTC-backed asset maintained through decentralized signers, enabling trust-minimized DeFi participation for Bitcoin holders.

Bitcoin-related assets now account for over 10% of Sui's total TVL, reflecting strong demand from BTC holders looking to move beyond passive holding.

Sui price prediction: Sideways movement before major breakout

Despite the optimism around Sui's ecosystem growth, the algorithmic Sui price prediction from CoinCodex suggests a period of stagnation ahead. The model predicts SUI will trade sideways until Q1 2026, with prices ranging between $2.10 and $2.40. However, a breakout is expected afterward, with the price projected to reach a new all-time high of around $7.73.

While this prediction clashes with Van de Poppe's near-term bullish outlook, both perspectives acknowledge Sui's long-term potential as an emerging force in the layer-1 and DeFi landscape.