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 Climbs Higher In a recent post on X, analyst GemXBT highlighted that the SUI chart continues to show a strong bullish structure, marked by consistently higher highs and higher lows, a classic signal of upward momentum. According to the chart, key support zones are holding firm around $2.80 and $3.00, providing a solid base for the price to build upon. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Also, resistance is near the $3.60 level, which could act as a crit ..
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