SUI has outperformed the top 100 cryptocurrencies in the past week with a 30% gain. SUI's rise comes on the heels of a consensus upgrade and the launch of Grayscale SUI Trust. SUI could rally over 37% if it breaks above the $1.171 level but risks correction if the resistance holds. The rise follows several key upgrades and launches related to the SUI token. While SUI could stage a further rally if it breaks above the $1.
97 million. The rise has seen it overtake chains like Optimism and Scroll, stretching its weekly TVL gain more than 15% SUI's open interest reached a six-month high on Thursday, rising by nearly 390% since August 6. In the past 24 hours alone, SUI's OI has soared by over 35%. The rising OI could strengthen the bullish move if prices continue the uptrend.Open interest is the total number of unsettled long/short contracts in a derivatives market.