SUI Price Soars Despite Overbought RSI – Can The Rally Sustain?
The price of SUI has been on a relentless upward trajectory, defying traditional market warnings as its Relative Strength Index (RSI) enters overbought territory. Typically, an overbought RSI suggests an asset may be due for a pullback, yet SUI continues to surge. With bullish momentum still strong, key factors such as rising demand, ecosystem developments, or broader market trends could be fueling this resilience. However, as the RSI hovers in overextended zones, the critical question remains: Can SUI sustain its rally, or is a reversal on the horizon? RSI Hits Extreme Levels As SUI....
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Amid a general crypto market rebound, SUI stood out from the crowd, emerging as the second-highest weekly gainer, rising by 67.21%. The prominent altcoin has been one of the major headliners of the current market cycle, increasing by 192.70% in the past year. However, certain market technical indicators show that SUI is likely headed for a correction following its most recent explosive gains. Related Reading: SUI Price Soars Despite Overbought RSI – Can The Rally Sustain? Elliott Wave Count Suggests Pullback Looms For SUI In an X post on Friday, X market analytics handle More Crypto....