The price of SUI is currently 6% below its all-time HIGH of 5.36 USD, driven by bullish market sentiment. In the past nine days, Open Interest for SUI has surged, increasing from 679 million USD to 1.26 billion USD. This reflects strong trader confidence in the asset’s potential for further growth.

Technical indicators, such as the Relative Strength Index (RSI) being above 50, suggest strong buying momentum for SUI. The sustained bullish sentiment reflects growing investor confidence, indicating that as long as RSI remains above the neutral Threshold, SUI could reach new highs if these conditions continue.