SUI impressive bullish momentum appears to be losing steam as technical indicators point toward a potential cooldown, with the Relative Strength Index (RSI) signaling overbought conditions, raising concerns about the sustainability of the recent rally. The $1.4 level is now in focus, as this cooling strength suggests that a pullback could be on the cards, offering a critical moment for SUI as it navigates through growing market pressure. Will the bulls hold their ground, or is a correction set to unfold? This article aims to analyze SUI’s recent price action in light of technical indicators, particularly the RSI, which suggests a potential cooling of momentum. By examining the implications of overbought conditions and the likelihood of a retest at the $1.4 level, this analysis seeks to provide insight into whether SUI’s bullish trend will continue or if a correction is on the horizon. Technical Indicators Point To Cooling Momentum: A Turning Point For SUI? Despite SUI’s price trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, the cryptocurrency is undergoing a noticea ..
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