In the volatile world of cryptocurrency, few moments spark as much excitement as a long-suffering asset hitting rock bottom and clawing its way up. Enter SUI, the native token of the high-performance Sui blockchain, which just flashed a rare technical green light. Renowned trader and analyst CryptoBullet took to X yesterday, declaring “$SUI is finally bouncing!”—a call that’s already buzzing across crypto circles.
At the heart of this optimism is the Relative Strength Index (RSI), a staple momentum oscillator for traders. On both 3-day (3D) and 1-day (1D) timeframes, SUI’s RSI has plunged to levels not witnessed since 2023, deep in oversold territory below 30.
The $1.9–$2.2 Target Zone: First Stop of the Bull Case
This isn’t just noise; it’s a classic setup for mean reversion. Oversold conditions like these often precede violent snaps back, as selling exhausts and buyers pile in. CryptoBullet’s charts, shared on Binance’s SUI/USDT pair, paint a vivid picture: a candlestick formation hugging a critical support zone around $1.55, with a fresh green arrow pointing upward from the latest session.
Sui, the Move-language Layer-1 powerhouse built for scalability and low-latency DeFi, has endured a brutal 2025. From highs near $3 earlier this year, it cratered amid broader market jitters—the October flash crash wiped out liquidity across alts, as the analyst noted in replies. Yet, fundamentals remain rock-solid. Sui’s ecosystem boasts over 100 dApps, surging TVL in lending protocols like Navi, and partnerships accelerating Web3 gaming adoption.
Can SUI Realistically Hit $3 Next? Technical and Fundamental Drivers
Bitcoin stabilizing post-halving and Ethereum’s Dencun upgrade boosting Layer-2 efficiency, altseason whispers are growing louder. SUI, with its object-centric data model enabling parallel execution, is primed to capture that flow.
CryptoBullet’s playbook is straightforward: a “very good bounce” targeting $1.9-$2.2 as the first milestone. This aligns with a horizontal resistance band on the 3D chart, where prior rallies stalled but now beckon as a breakout level. In follow-up exchanges, he doubled down on ambition, eyeing $3 as the next leg—potentially a 90%+ pump from current $1.55 levels.
Risks, Market Conditions, and Smart-Money Levels to Watch
The lower pane of his chart underscores the urgency: volume spikes on the dip, coupled with a coiling purple line hinting at compressed volatility ready to unleash.
Of course, crypto’s no sure bet. Macro headwinds like Fed rate signals or regulatory ripples could cap the upside, and a failure to hold $1.5 might drag it toward $1.2 goblin town. But for bulls, this RSI nadir screams opportunity. As CryptoBullet quipped in a reply, the post-crash carnage “killed everything”—yet survivors like SUI often emerge strongest.
Traders, watch that $1.9 breach closely. If it cracks, $SUI could lead the alt pack in December’s thaw. In a market craving catalysts, this bounce might just be Sui’s origin story reloaded.