SUI’s post-rally check – Can it hold onto its 63% weekly surge?

SUI’s impressive 63% weekly rally has propelled it into the high-cap category, attracting attention from underwater holders who may become sellers. However, as the price decreased to 3.53 USD from its high of 3.87 USD, caution is advised.

Despite the drop, SUI’s trading volume surged by 8.74%, indicating robust investor interest. High RSI levels above 80 suggest the asset may be overbought, challenging traders’ confidence as they navigate the current market dynamics.