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What’s Next for SUI? $0.95 Weekly Oversold RSI Triggers Setup Phase

TLDR:

• SUI is trading near $0.95, sitting just below Weekly Hypertrend resistance positioned around the $1.00 level. 
• The weekly RSI has entered oversold territory, with approximately 50% of the October 10 liquidation wick now filled. 
• Past weekly oversold signals for SUI led to expansions of 503% in October 2023 and 837% in August 2024 respectively. 
• The Genesis AVWAP near $2.00 defines long-term macro positioning, while reclaim and volume confirmation remain the key requirements.

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SUI is drawing renewed attention from analysts as the asset trades near $0.95. The token sits just below a key Weekly Hypertrend level around $1.00.

Market observers note that the RSI has entered oversold territory on the weekly chart. Early momentum divergence signals are beginning to appear.

The broader macro structure remains upward sloping since genesis. Traders are now watching for confirmation before positioning.

Technical Levels Point to a Compressed Setup

SUI is currently trading just below the Weekly Hypertrend resistance near $1.00. This level has acted as a structural ceiling in recent price action.

The RSI entering oversold territory on the weekly timeframe adds weight to the current setup. Analysts are watching whether momentum divergence will develop into a confirmed reversal signal.

According to market commentary from eye zen hour, approximately 50% of the October 10 liquidation wick has now been filled. This kind of wick fill often reflects a controlled recovery in price structure.

On-balance volume, or OBV, remains a key indicator to monitor at this stage. A curl back above its moving average could support the case for trend continuation.

The Genesis AVWAP sits near the $2.00 level and continues to define long-term positioning for SUI. This anchored volume-weighted average price from genesis serves as a macro reference point.

Price remains well below that level, meaning there is room for expansion if structure confirms. Traders are treating the $2.00 area as a longer-term target, not an immediate one.

Eye zen hour noted in a recent post that the current phase is “setup phase, not breakout phase.” That framing keeps expectations grounded without dismissing the structure building beneath price.

Until a Weekly Hypertrend reclaim occurs with participation, the setup remains unconfirmed. This distinction is important for risk management at current levels.

Historical Oversold Signals Offer Raw Data for Context

SUI has produced weekly oversold readings before, and the outcomes were notable both times. The October 2023 oversold signal was followed by a price expansion of 503%.

The August 2024 signal led to an 837% move higher from the oversold condition. These figures are cited as raw historical data, not as forward projections.

Eye zen hour was clear in stating these are “not predictions, just raw data.” That framing separates observation from speculation, which matters in volatile markets.

Still, the historical context gives traders a framework for understanding how the asset has behaved. Pattern recognition remains one tool among many in technical analysis.

The macro structure for SUI since genesis continues to slope upward, according to the analysis. Momentum is currently stretched to the downside, and structure appears compressed.

These two conditions together often precede volatility expansion in either direction. Confirmation through reclaim and volume participation remains the key requirement before any directional bias is established.

The post What’s Next for SUI? $0.95 Weekly Oversold RSI Triggers Setup Phase appeared first on Blockonomi.

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