SUI is now ‘overbought’: When should you expect a pullback?

Key Points

1. SUI's breakout above $3.60 was driven by large whale orders, with a 12.8% surge pushing the price toward the 0.786 Fibonacci retracement level.

2. The asset recorded $6.49 million in positive net inflows, indicating potential profit-taking by holders after the breakout.

3. Futures market activity shows strong buy-side pressure, with a positive funding rate of 0.0089% reflecting bullish sentiment.

4. SUI's daily RSI reached 72.70, signaling overbought conditions, and the price is now in a historical supply zone between $3.83 and $4.05.

5. If bulls flip the supply zone into support, further upside to $4.80 is possible, but the rally's sustainability depends on continued spot and futures alignment.