Altcoin Tokens SUI, PI, FET Show Signs of Rebound in July

July is shaping up to be a pivotal month for altcoin traders, with three tokens—SUI, PI, and FET—poised for potential rebounds. These tokens have experienced significant declines in recent months, but fresh technical signals suggest that a trend reversal may be on the horizon. Traders are closely monitoring these tokens, anticipating a shift in momentum that could lead to substantial gains.

Sui (SUI) has faced a challenging six months, with its value dropping by 34.12%. Currently, the token is trading within a narrow range of $2.11 to $2.97, with support at $1.77 and resistance at $3.50. Despite the downtrend, there are indications that a bounce could be imminent. The Relative Strength Index (RSI) stands at 39.73, which is bearish but not extreme. More significantly, the Stochastic Oscillator has dropped to 6.79, suggesting strong oversold conditions. If SUI maintains its current level, a surge toward $3.50 could yield nearly 30% upside, contingent on a return of volume and market stabilization.

PI Network (PI) has shown a modest recovery with a weekly gain of 4.81%. The token is now trading between $0.45 and $0.58, following steep losses over the past month and six months. The RSI at 34.87 indicates that PI is nearing oversold territory, while the Stochastic Oscillator at 9.09 supports this view. However, traders remain cautious due to a negative Moving Average Convergence Divergence (MACD) signal. A break above $0.66 could propel PI toward $0.80, but a dip below $0.39 may lead to a further decline to $0.25.

Fetch.ai (FET), part of the Artificial Superintelligence Alliance, has lost nearly half its value in the past six months. The token is currently trading between $0.51 and $0.70, with uncertain momentum. The RSI at 46.44 suggests a neutral zone with no strong buying or selling pressure. The MACD is slightly negative at -0.0015, adding to the mixed signals. Resistance levels at $0.82 and $1.01 offer potential gains of up to 40%, while support at $0.43 is critical. A breakdown below this level could result in a drop to $0.24. Despite high retail interest in AI tokens, traders are awaiting a clear signal before re-entering the market.

SUI, PI, and FET are all at crucial price levels that could trigger significant movements. SUI's oversold indicators suggest a potential rebound, while PI shows signs of mild recovery but lacks strong momentum. FET appears neutral, awaiting a breakout or breakdown to determine its next direction. These tokens present opportunities for quick upside if momentum builds, making them key players to watch in the altcoin market this July.