SUI claims new ATH

While altcoins are far from their peak values, Sui  sui10.42%Sui, the native token of the layer-1 blockchain of the same name, has aligned with Bitcoin in reaching a new record, recently hitting a new all-time high of $3.14, above the previous peak of $2.36.

Sui spiked by a massive 20% on Nov. 9 to knock at the $3 price territory for the first time since its launch. As the new week began, SUI finally surpassed the $3 mark, claiming a $3.14 all-time peak before eventually pulling back to the $3.1 level.

The asset has trailed an upward curve since last week, as it persistently witnesses higher lows. Its Stochastic Momentum Index has risen to 79.1, indicating that Sui is approaching overbought levels.

Investors should watch the $2.75 support in case of a pullback.