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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#