SUI needs to close above $4.30 to cancel the active TD Sequential sell signal and continue bullish momentum.
Despite a 1.55% price dip, open interest in SUI futures market increased to $1.61B, indicating growing market participation.
Bulls took over after SUI confirmed a breakout above the neckline, signaling a potential revisit of all-time highs. A new pattern suggests further uptick despite the recent dip.
SUI currently priced at $3.73, with a market cap of $12.47 billion and daily trading volume of $1.65 billion. The asset faces a technical challenge as the TD Sequential sell signal remains active below $4.30.