In early 2025, SUI showcases significant growth, approaching its all-time high. This growth is supported by rising trading activity and capital inflow, indicating growing investor confidence.
Significant SUI Capital Increase
The dramatic doubling of Open Interest from $679 million to $1.26 billion in just nine days highlights an important shift in market psychology. When Open Interest increases alongside price appreciation, it usually indicates that new capital is entering the market, rather than merely adjusting existing positions.
Technical Indicators Confirm Growth
The technical picture strengthens the optimistic narrative for SUI. The Relative Strength Index (RSI) has remained above the 50.0 level, indicating sustained buyer interest. This technical strength creates a positive cycle where upward price action attracts additional capital, supporting further appreciation.
Key Support and Resistance Levels
Currently, SUI trades within 6% of its all-time high of $5.36. This presents potential for price discovery. The recent bounce from the $4.79 support underscores market strength. However, if this level is breached, a decline towards $4.05 is possible. The combination of doubled Open Interest and strong RSI likely means SUI is preparing for significant movements, though monitoring the $4.79 support level is crucial to maintaining a bullish market structure.
SUI's sustained Open Interest growth and technical strength highlight its readiness for potential further price increase, but investors should closely watch key support levels.
