SUI has been rallying relentlessly on the daily charts since the beginning of 2025, leaving a trail of impressive gains in its wake. This momentum has propelled the altcoin within striking distance of setting a new all-time high (ATH), fueled by traders’ enthusiasm and fresh capital injections into the asset.
As SUI traders maintain their bullish stance, the Open Interest for the asset has doubled in just nine days, rising from $679 million to $1.26 billion. This rapid surge highlights the enthusiasm among traders, many of whom are optimistic about SUI achieving a new ATH. The increasing capital flows into SUI also suggest an unrelenting support driven by expectations of substantial returns from the asset.
This heightened interest could significantly benefit SUI’s price in the coming days. The traders’ confidence reflects a broader belief in the asset's potential, providing a strong foundation for continued bullish momentum as SUI edges closer to its ATH.
Technical indicators also lend support to the bullish sentiment for SUI, with the Relative Strength Index (RSI) holding firm in the bullish zone. Over the past few days, the RSI has remained above the neutral line of 50.0, a signal that momentum is favoring buyers over sellers.
This sustained bullish sentiment could serve as a catalyst for further price growth. As long as the RSI stays above the neutral threshold, SUI is well-positioned to capitalize on its rising momentum, attracting even more traders and investors to the asset.
SUI Price Prediction: A New High Ahead
Currently, SUI is less than 6% away from breaking its existing ATH of $5.36. The altcoin has shown resilience by bouncing off the support level of $4.79, suggesting that the uptrend may persist if bullish factors continue to hold.
If current conditions remain favorable, we could see SUI’s price breach its ATH and chart new highs, rewarding its investors. However, broader market conditions will play a crucial role in determining the sustainability of this rally.
On the other hand, a shift in market sentiment could lead to a bearish outcome. If SUI loses its footing and falls through the support level at $4.79, it may decline further to $4.05, negating the bullish outlook and dampening traders’ optimism.
