CandleFocus SUI hits monthly highs as Grayscale opens Sui Trust to accredited investors
2024-09-12
Author: Content Editor
Sui (SUI) experienced a significant price surge, rising by 17% in the past day and reaching a monthly high of $1.05. The surge was driven by Grayscale's decision to open its Sui Trust to accredited investors, which increased institutional interest in SUI. The overall market rally also contributed to SUI's upward trajectory. Open interest for SUI increased by over 40% in the past 24 hours, indicating positive market sentiment. Technical indicators suggest that there is still room for further gains before potential consolidation or a minor pullback. The key resistance level to watch is $1.10, while $0.90 acts as a support level.
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