Sui Price Analysis: Key Targets and Outlook for Continued Bullish Momentum

The Sui network is attracting significant interest from institutional investors seeking to capitalize on its rapid growth in popularity. Recent price action shows a strong upward trend, exceeding $4,500 and aiming for new all-time highs (ATHs). Since the start of this week, the SUI price has surged over 55%, reaching around $3.29 on Thursday, April 24th during the North American trading session. This significant gain made SUI the top-performing large-cap altcoin today, up more than 11% and showcasing high bullish sentiment across the crypto market. 40% of the SUI price increase in a 24-hour period came from Futures Open Interest (OI) jumping 21%, reaching nearly $1.3 billion. This surge, coupled with high volatility, resulted in over $12.88 million being liquidated from the Sui leveraged market.