#SUI has been experiencing a significant bullish trend recently, largely due to a combination of investor enthusiasm and technical indicators. The coin has surged by 105% over the past month, reaching new all-time highs, which has attracted increased attention from both retail and institutional investorsctors behind this rally include:
1. Investor Demand: Open Interest in SUI futures has hit new highs, indicating strong demand for the token reflects heightened confidence among traders, especially during periods of correction in larger assets like Bitcoin.
2. Chaikin Money Flow (CMF) Indicator: SUI’s CMF is currently above the typical reversal levels, suggesting substantial positive inflows. This is a strong sign of growing interest and investor participation, contributing to its ongoing bullish momentum technical Support**: SUI is holding firm near its $3.79 level, very close to its recent all-time high of $3.94. While profit-taking could lead to a temporary dip to around $3.20, the overall trend remains positive factors have made SUI a standout performer in the crypto space recently, and its growth is expected to continue as long as investor confidence remains high. However, traders should be cautious of any significant pullbacks, which could signal a shift in sentiment.
