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SUI

Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area - Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range. - After the formation of a Double Top pattern, it has had a zigzag correction to the green box range. - It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box. - Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH. - In addition, a corner pattern with higher bottoms of the ascending channel is also formed. 💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone. 💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETHUSDT
Long
by alikze
2
SUI may see a new ATH in the nearest future: analysisIn the last 24 hours, Sui (SUI) has demonstrated a strong upward movement, catching the attention of analysts and traders alike. Meanwhile, market analysts are increasingly optimistic about SUI’s price movement, with predictions of a new all-time high in sight. One prominent voice, Bluntz Capital, projects that the token could reach a price of $2.60 shortly. According to his analysis, the altcoin recently broke out of a significant 105-day downtrend, experiencing a 237.5% increase in value from $0.40 to $1.35. Bluntz highlighted that the token’s breakout has been accompanied by rising trading volume, signaling strong market interest and investor confidence. Furthermore, the token has surpassed key resistance levels without significant retracements, reinforcing the view that it could continue its upward trend. While the bullish sentiment around the token is clear, the token must break through key resistance levels to maintain its upward trajectory. Namely, one of them – $1.44 – has been overcome, meaning that the $2.18 can be the next point for SUI if the momentum is kept. By contrast, it could face a short-term pullback to the $1.20 level. If the downward pressure continues, the token could revisit the $1.00 mark, a key support area around the 50% Fibonacci retracement level.
Long
by paul_endeo
3
Alikze »» ALGO | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern - It is moving in a downward channel in the daily time frame. - It was mentioned in the analysis presented in the previous post, after the failure of the supply zone, it will have the ability to continue the trend until the next supply zone. But it faced selling pressure in the first supply area, which led to a correction of 0.23 from the previous wave. -Currently, it is in a corner pattern, which after the break of the channel, a pullback to the roof of the descending channel has been done. - Also, with the support of dynamic trigger, it can lead to escape from density. - Therefore, by leaving the density, it will have the ability to reach the specified goals and also the supply area. 💎 Alternative scenario: In addition, if it faces selling pressure in the area of ​​the high dynamic trigger and does not have a correction in the form of a soft landing, it can continue to correct up to the range of 0.097 with the failure of the low dynamic trigger. 💎 Note: If Fibo 0.23 is not maintained and below the stabilization zone, the bullish scenario will be invalidated and should be reviewed and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ALGOUSDT
Long
by alikze
Sui's correction completed & breakout from a reverse H&S SUI’s been on quite the ride, and right now, it’s looking like we might be wrapping up this ABC correction. Here’s what I’m seeing: 5-Wave Downer (1-5): The market took a hit – we all saw it coming. Classic 5-wave impulse down. And now? We’re watching the recovery take shape in this ABC correction: (A): The first bounce after hitting rock bottom. You knew that was coming. (B): A bit of a fake-out, price dips again just to keep us on our toes. (C): And now we’re pushing up toward the $1.65-$1.70 zone – the magic number that everyone’s watching. Resistance Area: This $1.65-$1.70 level is like a wall. It’s been there before and could be again, so pay attention. If we smash through, we might be talking a move toward $2.00. Upward Channel: Look at that beautiful rising channel we’re in. Price is climbing, but it’s at the top now. This is the part where things get interesting. What Could Happen Next: 1. Breakout City: If SUI powers through $1.70, this thing’s got some legs. $2.00 and beyond is totally on the table. 2. Hard Pass: But if it gets rejected, brace yourself – we could see a dip back down to $1.20, testing that channel’s lower edge. In a nutshell: SUI’s about to make a move. Keep your eyes peeled on the resistance zone. If it goes through, we’re in for a ride. If not, it’s time to buckle up for another drop.
by Blockbullder
1
SUIUSD – Momentum Builds, Next ATH Target at $4.65SUI has recently taken the spotlight with a 27% weekly gain last week and another 8% today, making it one of the top-performing assets in the market. Driven by strong developer activity and a rapidly growing ecosystem, SUI’s performance has been nothing short of impressive. As we analyze its chart, we can see a clear path to the next big move, possibly propelling the price to a new all-time high (ATH). 🔍 Key Technical Levels: Support: $0.82 Resistance: $2.03 (Primary Target) Next ATH: $4.65 We’ve accurately called the previous top, which now reinforces the confidence that this new surge could test and break critical levels. Currently, SUI is consolidating well after breaking out of the $1.18 mark, and its bullish momentum looks intact. Traders should watch for key reactions around the $2.03 resistance, as a breakout above this point could set SUI on a rapid course towards the $4.65 ATH. Why SUI? SUI’s unique Layer 1 architecture is built for scalability and efficiency, with an emphasis on DeFi, gaming, and NFTs. Its Move programming language provides developers with enhanced security features and efficiency for smart contracts, making it increasingly attractive for new projects. These factors are driving not just price but also on-chain growth, with more developers and dApps building on SUI’s robust ecosystem. Momentum Explained According to recent news, SUI’s incredible 27% weekly surge was driven by increasing transaction volumes and key partnerships in the ecosystem. This has attracted attention from both retail and institutional investors, further fueling the rally. As SUI continues to expand its partnerships and upgrade its ecosystem, we could see further upward movement. Potential Path to $4.65 Looking at the chart, SUI’s ability to maintain support around the $0.82 level has been key to sustaining its momentum. A breakout above $2.03 could lead to a rapid ascent, possibly hitting the next ATH at $4.65. The Fibonacci levels align well with this target, reinforcing the bullish outlook. As the market continues to embrace blockchain solutions optimized for speed and scalability, SUI is perfectly positioned to benefit from the rising demand. Conclusion If you missed SUI’s recent rally, there’s still time to catch the next big wave. With momentum on its side, solid fundamentals, and technicals pointing toward new highs, SUI might just be at the start of something bigger. Watch for the next key resistance at $2.03, as a breakout could confirm a swift move toward $4.65. One Love, The FXPROFESSOR 💙 SUI is one of my top picks. Take a look at #CRGPT which is my Top one.
COINBASE:SUIUSDLong
by FX_Professor
2
Sui's fundamental growth is seeing price surgeThe Sui chain is trying to enter BIG4 category Since October last year its been clear that the BIG3 are Eth, Sol and BSC. BSC has been losing market share since 2021 but is still dominant to second tier chains. Out of the second tier chains Sui has been growing. Now competitive with only Avax.. Sui is trying to make its way into becoming apart of the BIG4 if not replace BSC in the BIG3. Sui has seen a price surge off the back of this As Sui grows and expands into things like USDC integration.. the price will likely align. We are enter a stage of value investing within crypto which shows the development within the space. Sui is proving itself as one to keep an eye on in that regard.
Long
by SoftQuant
9/18 Weak pump on Jerome's underpromise and overdelivery.Overview: Thank you, mighty Lord Jerome, for the pump! The Fed under-promised but over-delivered with a full 2 basis point rate cut. Looking at the 15-minute BINANCE:BTCUSD chart, when the decision was announced, the price spiked by just 1.7% before correcting. However, at 7 a.m. Shanghai time, four hours later, the price started to pump and has now broken the key weekly level of $61.4k. The question is, will the bulls defend this line and establish it as new support by bouncing from it? The first news of a possible September rate cut came out in late June. On June 21st, the Financial Times reported, "Fed on course for two cuts in 2024 starting in September" ( link ). At that time, Bitcoin was still correcting from its $72k peak. Fast forward two weeks, and on July 16th, CNBC reported that traders were pricing in a 100% chance of a September cut ( link ). Interestingly, BTC had reached its bottom four days before this news and then started its second-largest bull run wave. Yesterday, the CME FedWatch Tool spiked to indicate a 65% chance of a 0.50% rate cut, compared to just 10% in early August. From now on, we’ll be giving more weight to this indicator. Last Friday, on 9/13, we predicted, "With this week’s meteoric growth, Monday and Tuesday are expected to trade flat or slightly negative due to profit-taking before the volatility." Between Friday evening and Monday evening, BTC corrected by 4.9%. Technical Analysis: W: We’ve passed the important weekly level of $61.4k and need to either bounce from it or close the week above this level. The BB MA sits at $62.5k, so the trend remains bearish until that level is reached. This overlaps with the liquidation heatmap, which shows $22 million in liquidity built up. Indicators suggest we will reach that level. D: Since yesterday, we’ve confirmed a bullish trend after rebounding from $58.2k. RSI hasn’t hit the overbought level yet, and the MACD has been climbing since the sell-off on September 7th. Unfortunately, the volume hasn’t increased, even with this bullish macro event. Both the spot and futures markets are showing a lack of enthusiasm, with Open Interest falling since Friday’s high. 4h: As we mentioned yesterday, Jerome doesn’t care about bearish divergences. The current pump is defying technical analysis, which reminds us to avoid trading around major events like Fed meetings or earnings reports. 1h: RSI is hitting the overbought region for the second time in 36 hours—not a good sign. Altcoins vs. BTC: Weak reactions from ETH and SOL, but NEAR, SUI, and FTM are rocketing higher. Bull Case: Retail traders might see BTC printing lower highs and lower lows, indicating a bearish trend. Influencers are already preparing content about the next level being $44k and advising on how to stay solvent in a bear market. Remember the saying: “Be greedy when others are fearful.” Bear Case: The economy may not be doing as well as whales think. If it becomes clear that the rate cuts aren’t working, whales could start dumping, driving the price toward $44k. Fear and Greed Index: We’re at 40.44, officially out of Fear territory. Prediction: Expect the pump to continue for the rest of the week.
COINBASE:BTCUSD
by EvgenCapital
SUIUSD gave the final bullish break-out signal to $2.700A month ago (August 13, see chart below) we gave the first bullish break-out signal on Sui (SUIUSD), as the price broke above its Lower Highs trend-line: As you can see, it re-tested the trend-line to confirm it as a Support and, as expected, it held giving way to a break above the 1D MA200 (orange trend-line) on Sunday. That is the second and final bullish break-out signal. As per our original analysis, our Target remains $2.700, marginally below the 1.236 Fibonacci extension, as it happened with the March 27 2024 High. A Channel Up to guide the price there is the most likely pattern to emerge. Watch also for a potential 1D Golden Cross by the first week of October. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SUIUSDLong
by TradingShot
Is the upward trend of SUI continuing?As can be seen on the chart, the pair is now engaged with the important resistance of the $1.2 area. If the pair crosses this important resistance area and stabilizes above this area, we expect it to move towards its next target at the price of $1.95. By examining the chart on the daily time frame, we can identify some important support and resistance areas for SUI, that the price can react to. These areas are: First Support $0.7777 Second Support $0.4747 - $0.54 Resistance area at $1.21 (price is now involved) Target and resistance range located at $1.95 Do you think this upward trend continues?
by parhamnb
6
SUI NEW UPDATE (4H)This analysis is an update of the analysis that you see at the bottom, in the "Related Ideas" section. The momentum of the fall has decreased and we have signs that the SW has formed. Therefore, we will look for buy/long positions above SW L. The purpose of this correction was time, not price. We are looking for buy/long positions in the green range. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Phemex Analysis #22: SUI _ A Tale of Potential and Uncertainty!PHEMEX:SUIUSDT.P , the Layer 1 blockchain backed by industry giants like a16z and Samsung Next, has emerged as a promising contender in the cryptocurrency landscape. With its impressive speed and efficiency, SUI offers a compelling alternative to established platforms like Ethereum and Solana. Price Structure The token's journey has been marked by both highs and lows. From its initial launch price of $1.4038 in April 2023 to its all-time high of $2.1841 in March 2024, SUI has demonstrated significant growth potential. However, the cryptocurrency market's volatile nature has also seen SUI experience downturns, with its recent low reaching $0.4631 in August 2024. As we analyze SUI's price structure, it becomes evident that certain levels act as pivotal points. The initial support level at $1.00 serves as a crucial barrier to prevent further declines. If SUI were to break below this level, it could signal a potential downward trend reversal. On the other hand, the initial resistance level at $1.43 represents a hurdle that, if breached, could indicate a bullish uptrend. Intermediate support and resistance levels at $0.86, $0.78, $1.72, and $2.00 provide additional insights into potential price movements. These levels can act as temporary points of support or resistance, influencing the token's short-term trajectory. Possible Scenarios: Given SUI's strong backing and technical capabilities, it is reasonable to anticipate a potential upward trend. However, the cryptocurrency market is subject to various factors, including broader economic conditions, regulatory developments, and market sentiment. Therefore, it is essential to approach investments in SUI with caution and consider both potential gains and risks. 1. Upward Trend Continuation: If SUI consistently breaks above resistance levels, accompanied by increasing trading volume and positive technical indicators, it could signal a continuation of the upward trend. Investors might consider buying SUI near the intermediate support levels or after a pullback from the initial resistance level. 2. Downward Trend Reversal : If SUI breaks below support levels, with decreasing trading volume and negative technical indicators, it could indicate a potential downward trend reversal. Investors might consider shorting SUI near the intermediate resistance levels or after a breakout below the initial support level. Conclusion SUI, with its strong backing and promising technical capabilities, presents an intriguing opportunity for investors. While its future price movement is influenced by various factors, including market sentiment and overall economic conditions, the potential for significant growth remains. However, it is crucial to approach investments in SUI with a cautious and informed mindset, considering both the potential rewards and risks involved. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
9/17 Expectation of two bases points cut increased to 65%. Overview: The VANTAGE:SP500 closed higher despite forming a red daily candle, signaling potential intraday weakness or selling pressure, but the broader trend remains positive since the overall price closed higher than the previous day. This pattern suggests buyers were active, but sellers took control after the market opened, creating a bearish candle even with upward movement. Similarly, the NASDAQ:QQQ didn’t break previous highs but printed a similar candle. While BlackRock and Grayscale stayed on the sidelines, all other major funds loaded up on BINANCE:BTCUSD , pushing the day’s total to $186.8 million, 84% higher than the average BTC ETF volume of $102.3 million. Ethereum ( BINANCE:ETHUSD ) continues to struggle, with Grayscale selling ETH even on today’s green market day. Retail sales rose again, showing that the U.S. economy remains on solid ground, keeping recession fears at bay. According to the CME FedWatch Tool, the number of traders expecting a 0.50% rate cut has risen to 65%, compared to 50% at the end of last week and just 10% in early August. Technical Analysis: W: Despite recent gains, BTC remains in bearish territory, trading below the BB MA. Price touched the $61.4k weekly level during the Asian session but retraced. A rate cut could be a positive event, keeping BTC in its current range without major sell-offs. Some altcoins may see 10-20% gains. D: BTC held the $58.4k level and bounced, signaling possible growth after the rate cut. 4h: BTC briefly hit overbought RSI at the $61.4k resistance level but was rejected. MACD shows a bearish divergence, but this may be overshadowed by the upcoming rate cut. 1h: Overbought RSI is cooling off now. Altcoins vs. BTC: Another day of divergence among altcoins. BTC grew by 3.6%, while ETH followed with 2%. SOL printed a doji candle, but NEAR outperformed with a 6.4% gain, bouncing off its support. SUI and TAO saw strong gains of 12.2%. Bull Case: The lack of a large sell-off by whales suggests confidence heading into the rate cut. BTC has been climbing since September 6th, and if the rate cut injects liquidity into the markets, some of that money may flow into risky assets like crypto. A postponement of recession fears could also lead to higher interest rates for longer, but this means more disposable income available for speculative investments. Bear Case: Despite the rate cut, the economy is slowing down, and a 0.50% rate cut represents only a 10% decrease in the current rate. Fear and Greed Index: The index rose slightly to 37.91, reflecting cautious optimism ahead of the rate cut. Prediction: Short-term bullish for BTC, but expect range-bound movement or a drop in October.
COINBASE:BTCUSD
by EvgenCapital
SUI, the poseidon of the seas SUI, SUI, it falls like a water-fall and trend up like a tsunami. Breakout successful of the recent downtrend from $2 Aggressive recovery after an 80% drop If we break $1.17 we should be looking north of $2.5 somewhere close to or $3 Will the earthquake break $1.17 and a tsunami induces taking us to $3 ? let's see ! Team behind = Ex meta engineers Tokenomics are not the best but we can live with that 22 million holder ! Solid project with potential See you up there, somewhere ! "That's it, that's the idea" - Good night !
Long
by hhMaxima38
SUI/USDT 1D SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging. There are a few key points on the SUI chart that catch my eye: - 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example. - Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken. - Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go. With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.
by ProR35
Sui (SUI) may be poised for long-term gainsIn a recent update, the Circle is announcing native USDC on SUI, which has kept up the bullish momentum. Moreover, yet another big announcement is expected to happen shortly, which may bring a huge retail brand onto the platform. The SUI price has risen back into a technical HTF uptrend again, forming consecutive higher highs and lows while the key level has been taken out already. Hence, the price is expected to surprise many in the next few weeks or months. The latest upswing has triggered a breakout from the descending parallel channel and the bulls are successfully holding the rally above the gains. The price has failed to break the crucial resistance at the 200-day MA at $1.099 over the past couple of days. However, after testing multiple times, the resistance could have become slightly brittle. As the volume has gained some momentum, the bullish continuation appears to be imminent. Moreover, the DMI is approaching a bullish crossover as the ADX initiates a bullish rebound. Therefore, the price remains consolidated for a while, which may bring the +Di & -Di closer to each other for a bullish crossover. Once this move materializes, the SUI price rally may gear up and secure a rise above $1.5, confirming a rise in bullish dominance. The current trade setup does not show a bearish possibility and if it occurs, the resistance of the channel may offer strong support & push prices towards $2.
Long
by paul_endeo
SUI price gains 139% in 42 Days: can it reach $2.07? Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI. Will a new breakout run and the price jump of 50% Fibonacci level result in a new all-time high for SUI this year? Let’s find out. With a falling channel pattern in the daily chart, the SUI price is on a bullish recovery rally. Following the channel breakout, the SUI consolidated between the 23.60% and 50% Fibonacci level, ranging from $0.73 to $1.05. With broader market crypto recovery last week, the SUI price reclaims the $1.00 psychological mark and surpasses the 50% Fibonacci level. Further, the SUI recovery creates a rounding bottom in the daily chart with a neckline at the 50% Fibonacci level. Currently, the SUI price is trading at $1.1079 with an intraday gain of 2.73%. From its recent bottom at $0.46 on 5th August, the SUI price is up by 139% in just 42 days. As the recovery rally gains momentum with the recent rounding bottom reversal, the channel breakout rally is likely to exceed the 61.80% Fibonacci level at $1.2371. With three consecutive bullish candles and the breakout rally gaining momentum, the SUI price is just 49.20% away from its previous swing high at $2.1816. Based on the Fibonacci levels, the upcoming target levels for the SUI token are $1.55 and $2.07. Optimistically, the logarithmic price chart and the Fibonacci levels present $4.8051 as an ideal year-end target. Hence, with a massive upside potential of more than 300% and an ongoing recovery crossing $1, the SUI token is one of the fastest altcoins to watch in the crypto market.
Long
by paul_endeo
Alikze »» ICP | Forming a triangle corner pattern🔍 Technical analysis: Forming a triangle corner pattern - According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure. - As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand. - Currently, a triangle corner pattern is formed in the green box area. - Therefore, the last correction leg can be removed from compression by filling the gap of FVG. - If it exits from the density above, it can grow up to the range of 12.5 dollars. 🛑 The most important resistance: $12.50 💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box. 💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ICPUSDT
Long
by alikze
2
$SUI is getting closer to a massive breakoutGrayscale officially launches SUI Trust for accredited investors seeking exposure to SUI. After the news, SUI beats the market with a nearly 20% jump. Since Raoul Pal mentioned SUI a month ago, the trend has shifted, with SUI now attracting more of the value, and the difference is now substantially in its favor. SUI just had $83 million worth of token unlocks. Technical Outlook: SUI is getting closer to a massive breakout On the 4-hour timeframe, it's starting to look very interesting as it's trading above 4hema200 and it's now challenging a psychological resistance $1 for the third time. If it manages to close above $1, SUI could pump to $1.70 to $2 in the coming days.
by Tealstreet
SUI price smashes through $1 with 18% daily growthOver the last week, despite the increased volatility in Bitcoin and Ethereum before the CPI data release, SUI maintained a bullish trend. SUI price upheld a 15% rise then to rank among the top weekly performers. Will the new recovery run and the price jump above $1 result in a new 52-week high for SUI this season? Let’s find out. As the broader market sentiments are improving, the bull run in the SUI token price is expected to gain momentum. With the bullish narrative of SUI, the crypto analyst BMOON tweets about the upcoming rally with a potential target of $3.6. Reflecting a positive channel in a weekly time frame, BMOON expects the bull cycle in SUI price within the channel to hit $3.6552. Adding credibility to the project, Grayscale’s new Trust adds credibility to SUI, reinforcing positive market sentiment. Currently, it has reclaimed the psychological mark of $1 and is trading with a 14.48% jump in the past 24 hours. With the recovery rally in motion, the past seven days for SUI price have been profitable, with a surge of 26.17%. As per our technical analysis, the Logarithmic daily chart reveals a bullish cycle from the 23.60% Fibonacci level. The recovery run gains momentum as the retest of the falling channel breakout reveals massive demand at lower levels. The bull cycle is now accounting for a price jump of 36.25% in the last ten days. With this, the SUI price is now challenging the crucial resistance of 50% Fibonacci level at $1.0541. With a bullish engulfing candle of 11.4% intraday jump completing a morning star pattern, the sentiments are improving. Hence, the chances of a bullish breakout rally in SUI prices are significantly increasing. In the near term, before SUI reaches BMOON’s expected $3.65 target, the near-term resistances are at 61.80% and 78.60% levels at $1.23 and $1.55, respectively.
Long
by paul_endeo
1