2026-01-07 02:21:56

SUI has recently shown clear top characteristics. From a larger cycle perspective, the price has broken below the main short-term moving averages, forming a clear downward channel, and the bearish signal is obvious.

The daily RSI has already touched the high level of 80, but the price has not continued to rise; instead, it has started to fall back, which often indicates a potential trend reversal. Currently, the downward momentum is sufficient, and following the trend to short is a rational choice.

From an operational perspective, focus on the 1.88-1.90 range. If the price rebounds to this area and shows signs of stagnation, especially with a clear upper shadow, it would be a good entry point for shorts. The current downside target is around the 1.80 level. Overall, until the trend shows clear signs of improvement, be cautious about rebound opportunities.

SUI-2,12%

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gas_fee_therapist

· 01-07 23:53

SUI this wave is indeed a bit fierce, but there are quite a few coins that can continue to rise with RSI80... I personally think it still depends on whether it can break 1.88. Wait, can it really reach 1.80? Last time I heard this saying, the coin suddenly surged in the opposite direction. I have orders stuck at 1.88-1.90, should I add to my position, brothers? You speak very professionally, but if this round really drops to 1.80, I will go all in for the bottom. I've heard too many times about top characteristics, and I've also seen reversals with limit-up... Caution is the right approach.

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CryptoNomics

· 01-07 02:52

lol rsi at 80 and you think that's bearish? mate, have you even ran a proper correlation matrix on sui's on-chain metrics? divergence ≠ reversal, statistically speaking

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EthSandwichHero

· 01-07 02:51

Hmm, RSI drops to 80 and still falls; this signal indeed can't hold up anymore.

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NotFinancialAdviser

· 01-07 02:38

Another bearish one. Why are you always so pessimistic? --- RSI 80 about to crash? I didn’t see it crash last time when I heard this. --- 1.88 short position, betting it will drop to 1.80... feels a bit like gambling. --- Breaking below the moving average is a top? I don’t see it that way. --- Every analysis is correct, but why is the account still the same, haha? --- Tired of the overused explanation of stagnation and upper shadow, brother. We still need to look at trading volume. --- Is SUI really going to fail this time? The fundamentals seem okay. --- The entry point for the bears is very carefully chosen, just not sure if it will reverse again. --- Reasonable and well-supported, but I’ll wait for a rebound before making a move. No rush. --- Target for the decline is 1.80, I’ve noted it down. Let’s see if it hits the mark.

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BearMarketSurvivor