SUI Price Soars Despite Overbought RSI – Can The Rally Sustain?
April 25 2025 - 5:30PM
NEWSBTC
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 critical barrier for the bulls to overcome. As long as the
current structure remains intact and price respects these support
zones, SUI’s upward trend may still have room to run, especially if
it manages to break through the $3.60 resistance with strong
volume. However, GemXBT also pointed out that the RSI is currently
flashing overbought conditions, which typically signals that the
asset may be nearing a short-term top. While the overall trend
remains bullish, this indicator suggests that a potential pullback
or period of consolidation could be on the horizon. The
analyst added that although buying pressure remains strong and
momentum is clearly in favor of the bulls, traders should proceed
with caution. Overbought signals often precede cooling phases,
especially if volume begins to taper off or price struggles to
break above resistance. Watching The Pullback: Where Bulls
Might Reload Analyst GemXBT identified the $3.00 and $2.80 levels
as critical support areas to watch. These zones have acted as solid
demand regions in the past and may once again serve as springboards
if prices dip from current highs. A controlled pullback into these
levels, especially if accompanied by decreasing volume, would
suggest profit-taking rather than panic selling—a positive sign for
bulls aiming to push higher. Related Reading: SUI Poised For Price
Rally? Ascending Channel Suggests Move Toward $2.50 If buying
pressure returns around these support zones and the price structure
of higher highs and higher lows remains intact, SUI could be
setting up for a renewed breakout. The next major hurdle remains
near $3.60, and reclaiming that level would open the door for a
broader upside run. Featured image from Medium, chart from
Tradingview.com
SUI Network (COIN:SUIUSD)
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