SUI Price Climbs Amid Overbought RSI Signals
The price of SUI is rising despite an overbought Relative Strength Index (RSI), which typically signals a potential pullback. Key points include:
- SUI shows strong bullish momentum with consistently higher highs and higher lows.
- Support levels are around $2.80 and $3.00, while resistance is near $3.60.
- A break above $3.60 with significant volume could extend the upward trend.
- Overbought RSI conditions indicate a possible short-term top and suggest caution among traders.
- A controlled pullback to support levels may be viewed positively if buying pressure returns.
- Reclaiming the $3.60 level could lead to further upside potential.
Analyst GemXBT emphasizes monitoring these support areas for potential reload opportunities for bulls.
