📊 $SUI Hits New All-Time High Outperforming Other Major Cryptos

As 2024 came to a close with some disappointment for Ethereum enthusiasts, who hoped for its price to reach new highs alongside Bitcoin’s rally, other Layer 1 blockchains are beginning to take the spotlight. Among them, Solana (SOL) and SUI (SUI) are gaining significant attention for their impressive performance in the crypto market.

While Bitcoin touched $98K at the start of 2025, SUI’s native token has surged, breaking its previous all-time high of $4.98, set just weeks ago on December 16, 2024. The current all-time high stands at $5.20, marking a 20% increase in just 24 hours.

Additionally, the daily trading volume skyrocketed by 150%, reaching $2.08 billion. Along with this surge, SUI’s daily trading volume has skyrocketed by 150%, reaching $2.08 billion. These gains have allowed SUI to climb into the 12th spot in the crypto rankings, surpassing Toncoin (TON) and Chainlink (LINK), with a market cap of $15.22 billion.

This rally in SUI price follows a significant spike in open interest, which climbed 40% to hit a record $1.05 billion, according to data from Coinglass. Further, the total value locked in SUI has soared to an all-time high of $1.96 billion, as per DefiLlama data.

This surge in open interest and TVL has acted as a trigger point, fueling further bullish momentum and drawing increased investor attention. Speculation in the market is rising, with many wondering if SUI’s price will hit the $10 mark in the coming days.

🔸 Can #SUI Maintain Its Bullish Momentum? Key Levels to Watch

Technical indicators also show strong bullish momentum for SUI. Its price is trading well above the Ichimoku Cloud on the 4-hour SUI/USDT chart, signaling potential for further upward movement. Further, the MACD above the signal line confirms this momentum

Looking ahead, an RSI of 75 on the 4-hour time frame indicates that SUI is currently in an overbought zone—signaling strong bullish momentum with buyers dominating the market.