Sui Crypto Market Hits Overbought Extremes as DeFi Fees Soar
The Sui crypto market is at a critical juncture, trading at $0.85 on August 22, 2026. The daily chart shows price has become overbought during a recovery leg that remains below the 200-EMA, meaning the broader trend has not yet flipped bullish despite the sharp bounce.
The RSI on the daily sits at 75.79, which is firmly in overbought territory. However, this does not guarantee an immediate reversal; it simply signals the move has become stretched quickly.
The hourly chart confirms an intact short-term uptrend, with the 20-EMA at $0.85 and the 50-EMA at $0.80 stacked in a bullish alignment. However, the MACD line has slipped just below the signal line, producing a histogram right at zero, which is a subtle but real signal: hourly momentum is stalling exactly at the highs.