SUI Price Surges to $1 as Weekly SAR Flips Bullish
SUI's price has moved above $1 after a sharp September rally, and analysts believe it could reach $1.50 if the current trend continues.
The weekly Parabolic SAR indicator has turned bullish for the first time in months, indicating a potential broader trend reversal.
This technical shift comes as SUI's ecosystem narrative receives a boost from recent infrastructure developments, including real-time GraphQL subscriptions that allow developers to receive blockchain data as it happens.
The network's latest upgrade is particularly relevant for applications requiring continuous blockchain data, such as wallets and trading platforms.
Derivatives activity has increased sharply during the move, with open interest reportedly rising to around $402 million.