Crypto Express

07/16 05:34

SUI is now ‘overbought’: What should you expect

SUI is now ‘overbought’: When should you expect a pullback?

SUI’s rally above $3.60 is whale-driven, but inflows and overbought RSI hint at cooling momentum.

A whale-backed breakout pushed SUI above $3.60, but $6.49M inflows hinted at profit-taking. The RSI hit 72.7 as SUI entered the supply zone, while Futures traders remained aggressively bullish.

Sui [SUI] has finally broken above the multi-month triangle pattern that has constrained its price since early 2024. 

The recent move past $3.60 came with a 12.8% surge, pushing price toward the 0.786 Fibonacci retracement. This breakout signals a potential reversal and growing bullish confidence. 

SUI’s breakout appears well-supported by whale activity and bullish Futures sentiment. However, the sudden exchange inflows and overbought conditions may slow its momentum. 

If buyers flip the supply zone into support while maintaining positive funding and accumulation trends, a sustained rally—potentially targeting $4.80—remains likely.

#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT

69Поделиться