The SUI token experienced an explosive surge, rising over 82% from its breakout point of $2.08. This impressive climb was fueled by a confluence of factors including robust technical indicators, stablecoin inflows, and increasing investor demand. The token recently hit its all-time high at $5.60 before consolidating around the crucial support levels near $3.00 and $3.39. 900 million dollars in Stablecoin supply coupled with a 30% surge in stablecoin flows demonstrate growing confidence amongst investors, further bolstering SUI’s ascent. 82% gains from its breakout point are indicative of an energetic market environment that favors the bulls. This trend has been reflected in trading activity across different timeframes, revealing clear signs of a bullish upswing. SUI previously formed a rounded bottom pattern on the weekly timeframe on Binance, which indicates accumulation phases throughout late 2023. A significant breakout from under $0.40 and then consolidation through early 2024 followed by an impressive surge to all-time highs of $5.60 has further fueled the momentum. After a correction to its current price point of $3.67, SUI has shown signs of regaining strength with key support levels at $3.39 and $2.33.