$SUI Price Prediction: $2 Target Delayed - BeinCrypto Analytics

From a technical perspective, the RSI indicates that SUI is currently overbought, signaling a potential price retracement. The RSI is a momentum oscillator that identifies overbought or oversold conditions in an asset. A reading above 70.00 suggests overbought conditions, while a reading below 30.00 indicates oversold conditions. Currently, SUI is trading at $1.85 with an RSI of 78.69, confirming the overbought scenario.

Additionally, the CMF supports the bearish outlook. This indicator gauges the level of accumulation versus distribution; a rising CMF suggests stronger buying pressure, while a declining CMF indicates increasing selling pressure. On the daily chart for SUI/USD, the CMF has begun to decline, pointing towards a rising selling pressure.

If this trend persists, SUI could face a price drop to $1.68 in the short term. In a more severe scenario, increased distribution may push the price down to $1.42. Conversely, if market conditions improve, SUI could resist downward pressure and potentially climb back to the $2 mark. Traders should closely monitor these indicators for signs of market direction.