SUI has been showing signs of entering the overbought territory recently, with its price rising to $1.74. The rapid upward movement, coupled with the lack of sustained higher highs, suggests that SUI could be primed for a short-term correction. The current price level seems to have been driven more by speculative buying rather than strong fundamentals, pushing the token into an overheated zone.
I expect SUI will attempt to test higher levels one or two more times before a solid opportunity to short arises. (25-20% move)
$SUI
