SUI Open Interest Doubles in 9 Days as Price Nears All-Time High

SUI Open Interest has doubled in just nine days, surging from $679 million to $1.26 billion. This dramatic rise reflects heightened trader activity and growing confidence in SUI’s ability to breach its all-time high (ATH). With SUI’s price now just 6% shy of its ATH of $5.36, all eyes are on the altcoin as it edges closer to historic price levels.

This spike in SUI Open Interest highlights increasing capital inflows, driven by traders’ optimistic outlook. According to blockchain analyst David Morgan, The surge in SUI Open Interest is a clear indicator of growing market confidence, especially as investors eye new highs for the asset.

What’s Driving the Surge in SUI Open Interest?

The sharp rise in SUI Open Interest indicates substantial enthusiasm among traders. This optimism stems from a combination of strong technical indicators and the broader momentum of the crypto market.

Traders have injected fresh capital into SUI, signaling unwavering support. Many believe the asset’s potential for substantial returns justifies the risk. According to Sarah Bell, a crypto strategist at Alpha Insights, SUI’s strong price recovery and consistent demand from buyers reflect a bullish setup that could push the asset beyond its ATH.

SUI’s Relative Strength Index (RSI) has remained above the neutral 50.0 level, holding firm in the bullish zone. This indicates momentum is favoring buyers over sellers.

Resilient Support Levels: SUI has bounced off a strong support level at $4.79, further strengthening its uptrend.

These technical signals create a solid foundation for sustained bullish momentum, providing a favorable environment for traders.

With SUI Open Interest doubling and price action remaining strong, the asset is less than 6% away from its ATH of $5.36. Analysts are divided on whether SUI can break through its ATH in the short term, but the sentiment remains overwhelmingly positive.

If the current momentum holds, SUI could breach its ATH, potentially climbing to $5.70 or higher. This would reward long-term investors and attract new capital inflows.

However, market sentiment remains a wildcard. A sudden downturn could see SUI losing its key support at $4.79, with prices potentially falling to $4.05. This would negate the bullish outlook, dampening enthusiasm among traders.

Crypto market analyst Jonathan Reed cautions, While SUI’s momentum is promising, investors should keep an eye on broader market conditions. A shift in sentiment could significantly impact its price trajectory.

SUI Open Interest: A Catalyst for Market Growth

The doubling of SUI Open Interest serves as a pivotal moment for the altcoin, signaling robust trader confidence and potential price growth. The asset’s strong technical indicators, coupled with sustained capital inflows, create a compelling case for bullish momentum.

SUI’s performance could influence other altcoins as traders look for opportunities with similar setups. The crypto market has shown resilience in 2025, and SUI’s rise could inspire renewed interest in the sector.

SUI Open Interest has surged dramatically, doubling from $679 million to $1.26 billion in just nine days, underscoring traders’ growing confidence and bullish outlook on the altcoin. This sharp rise in SUI Open Interest highlights significant capital inflows, reflecting strong market enthusiasm.

Key technical indicators further bolster the bullish case, with the Relative Strength Index (RSI) remaining firmly in the bullish zone above the neutral 50.0 level, while SUI’s resilience at the critical support level of $4.79 reinforces its uptrend. Now less than 6% away from its all-time high (ATH) of $5.36, SUI Open Interest suggests the asset could breach this ATH and potentially climb beyond $5.70, provided bullish conditions persist.

However, despite the optimism, market risks remain, as a sudden shift in sentiment or broader market volatility could push SUI below its support at $4.79, dampening traders’ enthusiasm and derailing the rally. With SUI Open Interest at record levels, it remains a critical metric for traders, reflecting both the asset’s potential for substantial returns and the need to navigate inherent market risks carefully.

As SUI Open Interest continues to climb, the altcoin remains one of the most closely watched assets in 2025. Its trajectory in the coming weeks will likely set the tone for the broader crypto market, offering valuable insights for traders and investors alike. Get more from The Bit Gazette