BTC, SUI, PEPE Evaluation: Bitcoin’s Correction Under $100Okay Threatening Altcoins?…

The weekly relative energy index (RSI) for BTC/USD is overbought, hovering above 76. Traditionally, elevated RSI ranges recommend the next chance of a correction or consolidation as overextended rallies lose momentum.

The proximity of Bitcoin’s 50-week exponential shifting common (EMA), presently close to $63,600, helps this bearish outlook. If Bitcoin fails to carry above $96,000, this EMA serves as a possible draw back goal.

Sui (SUI) Technical Evaluation

SUI/USD 4-Hour Value Chart — A 15% Correction Doubtless in December

The SUI/USD pair has reached its upside goal after finishing an inverse head and shoulders sample. The breakout above the neckline round $three.70 set the stage for a measured transfer towards $four.45, which aligns with the sample’s top.

Nonetheless, indicators of overbought momentum, as mirrored by the four-hour relative energy index (RSI), recommend a possible correction section within the close to time period.