$SUI #SUI Price Soars Despite Overbought RSI – Can The Rally Sustain?

The price of $SUI has seen a sharp surge, defying technical indicators as it pushes into overbought territory on the RSI. Traders typically view an RSI above 70 as a signal of potential correction, yet SUI continues to climb—buoyed by strong momentum and bullish sentiment across the altcoin market.

So what’s fueling the rally? Increased network activity, ecosystem expansion, and renewed interest in Layer 1 protocols are all playing a part. However, with RSI flashing warning signs, caution is warranted. A short-term pullback wouldn’t be surprising—but if support holds and volume remains strong, SUI could target new highs.

Key levels to watch:

Immediate resistance near recent highs

Support zone around previous breakout levels

Is this just the beginning for SUI, or are we approaching a local top?

#Crypto #Altcoins #TechnicalAnalysis #SuiNetwork #Trading