SUI price is expected to experience a temporary rebound to $0.89 resistance, a move traders call a dead cat bounce, before falling to $0.70 within the next week, based on technical indicators. The cryptocurrency's Relative Strength Index sits at a deeply oversold 29, suggesting a possible relief rally. However, aggressive selling pressure remains dominant, with whales holding a long-heavy position at 68%.
Oversold RSI Signals Temporary Relief
The RSI reading of 29 is well below the 30 threshold that typically marks an oversold condition. In theory, this could spark short-term buying as traders look for a quick rebound. But the broader trend remains bearish. A dead cat bounce — a sharp but short-lived recovery within a downtrend — often fools buyers into thinking the worst is over. The projected bounce targets $0.89, a level that has acted as resistance in recent sessions.
Whale Positioning Suggests Caution
Large holders, or whales, are 68% long, meaning most expect prices to rise. Yet aggressive selling continues to dominate the market, creating a disconnect. That imbalance raises questions about whether the long positions will hold if the bounce fails. If selling intensifies, the 68% long concentration could quickly turn into a liquidation cascade, accelerating the drop toward $0.70.
What to Expect in the Coming Days
The next seven days are critical. If the dead cat bounce materializes, SUI could briefly test $0.89. But the technical setup points to a failure at that level, followed by a decline to $0.70 — a drop of roughly 21% from the bounce peak. Traders are watching for a break below $0.70, which would signal further downside. No major catalysts or announcements are expected to alter the trajectory based on current data.
