SUI Jumps 7.21% to $1.25, Enters Extreme Overbought Territory
- —Price at $1.25, up 7.21% in 24 hours and 74% in two weeks
- —Volume of $1.02 billion, 48% above the 30-day average
- —RSI at 79.5 and price above the upper Bollinger band signal overbought conditions
- —Futures open interest rose 29% to $402 million
Why it matters: Extreme overbought readings raise the risk of a technical correction after the 74% rally, despite strong momentum.
Source: DiarioBitcoin