The cryptocurrency SUI has been experiencing a strong bullish trend, but technical indicators suggest that momentum may be slowing. The Relative Strength Index (RSI) is signaling overbought conditions, indicating a potential cooldown and raising concerns about a possible correction. Traders are now closely watching the $1.4 level, as a pullback could be on the horizon. If SUI breaks below $1.4, it may indicate further declines towards support levels at $1.16 and $0.8690. However, if SUI rebounds strongly at $1.4, it may continue its upward trend towards its all-time high of $2.18. Currently, SUI is trading at around $1.55, with a market capitalization of $4.1 billion and a trading volume of over $964 million.
- Content Editor ( newsbtc.com )
- 2024-09-23
SUI Eyes Potential Pullback As RSI Flashes Warning: $1.4 Retest In Sight