SUI Forms Major Bounce As RSI Hits Its Deepest Level Since 2023

SUI shows a clear bounce from a strong oversold zone as the RSI reaches its lowest read since 2023.

The price approaches the major S and R level where earlier reactions formed a long range during past moves.

The target stands between 1.9 and 2.2 as the chart shows a clean rebound from the recent sharp fall.

SUI moves into a new phase after a sharp rebound forms on the three day chart as the RSI reaches its most oversold level since 2023. The chart shows a strong turn upward from a deep low while the price pushes away from the bottom of the recent fall. This reaction now points toward a target zone between 1.9 and 2.2 which marks a major area on the chart.

SUI Shows a Bounce From the Deep Oversold Zone

The chart displays a strong spike in the RSI level at the bottom. The indicator reaches a point marked with a red arrow, which confirms the most oversold reading since 2023. This reading forms below the lower boundary of the indicator and stands out as a major point where earlier market reversals began. The green arrow on the price chart marks the moment when SUI begins to turn upward from the low.

This bounce follows a rapid drop from the upper range that sits far above the current market value. The candles show a long downward movement followed by a shift that forms a clean upward wick. This change shows that buyers step back into the market as the RSI signals extreme weakness.

The clean turn in the RSI makes the bounce more notable because the indicator rarely reaches levels this deep. This creates a strong case for a technical reaction, which the chart captures with the recent upward move toward the first target.

Major S and R Level Stands as the First Target Zone

The chart marks a wide zone labeled Major S and R Level. This zone sits in the center of the full range where the price traded from early 2024 to mid-2025. SUI used this area as both support and resistance during those swings, which makes it a clear reference point for the current move.

Price now works its way back toward this band. The target arrow on the chart shows a short path upward into the major level. The range sits between 1.9 and 2.2, which lines up with earlier highs and lows inside that zone. This level has acted as a midrange wall and often becomes the first point where price reacts after a large drop.

The rebound now moves steadily toward this area, which suggests that traders expect the level to act as the first test after the oversold shift. Past behavior on the chart shows that the price often pauses here before building a new direction.

SUI Forms a Sharp Reaction After a Strong Fall

The chart shows that the price dropped quickly from the upper range before reaching the current low. This fall created a long vertical candle on the three-day timeframe. The sharp move downward has now produced an equally sharp response, which appears as a clean rebound. The upward path shows a steady climb as the price enters the early stage of recovery.

The question for traders becomes whether the strength from the oversold RSI will carry SUI back into the major band and hold the movement through the first reaction zone.