CandleFocus SUI Open Interest Doubles, Price Now 6% From All-Time High
2025-01-10
Author: Content Editor
The price of the cryptocurrency SUI has been steadily increasing and is close to reaching a new all-time high. Traders have been injecting capital into SUI, leading to a doubling of the Open Interest in just nine days. This influx of capital signifies growing confidence in the asset and expectations of significant returns. Technical indicators, such as the Relative Strength Index (RSI), support the bullish sentiment for SUI. As long as the RSI remains above the neutral threshold, SUI is expected to continue its upward momentum. SUI is currently less than 6% away from breaking its existing all-time high of $5.36. However, the sustainability of this rally will depend on broader market conditions. If market sentiment shifts, SUI could experience a bearish outcome.
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