In early 2025, SUI shows strong growth, nearing its all-time high. This is accompanied by increased trading activity and capital inflow, indicating growing confidence from institutional and retail investors.
SUI's Strengthening Position
Over the past 24 hours, SUI surged by more than 20%, indicating a significant improvement in the asset's position. The price increase is supported by high trading activity, signaling growing investor confidence.
Increase in Open Interest
A notable rise in Open Interest from $679 million to $1.26 billion over nine days highlights important market psychology. This suggests new money is entering the market, reflecting fresh conviction among traders.
Technical Analysis and Growth Potential
Technical analysis supports this positive trend. The Relative Strength Index (RSI) remains above the critical 50.0 level, indicating buying momentum. SUI is trading within 6% of its all-time high of $5.36, demonstrating potential for further growth.
The combination of increased Open Interest and strong technical indicators sets the stage for potential price discovery. A recent bounce from the $4.79 support level shows market strength, but traders should watch this level closely.
