SUI Sees Significant Recovery as RSI Reaches Lowest Point Since 2023
SUI's Market Reaction: SUI has bounced back from a deep oversold zone, with the RSI reaching its lowest level since 2023, indicating a potential upward trend after a significant drop.
Target Price Range: The price is approaching a major support and resistance level, with a target zone identified between 1.9 and 2.2, which has historically acted as a critical point for price reactions.
Technical Indicators: The RSI's extreme oversold reading suggests a strong case for a technical rebound, as the price shows a clean upward movement following a rapid decline.
Future Price Movement: Traders are watching to see if the strength from the oversold RSI will sustain SUI's movement back into the major price band and maintain momentum through the initial reaction zone.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for S
Technical Sentiment Analysis for Sonic (prev. FTM) (S) As of , Sonic (prev. FTM) (S) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for S stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, S is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic (prev. FTM) (S) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0124 | 0.0251 | 0.0362 | 0.0489 | 0.06 | 0.0727 | 0.0838 |
| Fibonacci | 0.0251 | 0.0342 | 0.0398 | 0.0489 | 0.058 | 0.0636 | 0.0727 |
About S
About the author








