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SUI - Breakout imminent or back to support?Let's talk about SUI; at this moment, it could be the new narrative of smart contracts. It has all the cards on the table to steal the throne from Solana as the new project of the moment. All the factors are in place for this to happen: extremely fast transactions, high trading volume, excellent on-chain volumes, and a constantly growing ecosystem. Aside from fundamental analysis, it has proven to be stronger than its other rivals recently, and the resistance and support levels are very clear. Personally, I would like to buy around $0.4, but if I don't have the opportunity, I will wait for the breakout/retest. In my opinion, it is not the right time to open positions; I am observing for now.
CRYPTO:SUIUSD
by MC_Capital_
9/25 Altcoins and BTC Await Next MovesOverview: AMEX:SPY displayed a minor decline yesterday, forming a small red candle while remaining near the upper boundary of its current trading range. This pullback is largely attributed to the underperformance of the oil and gas sector, which saw significant declines. Despite this, there are no clear indications of bearish momentum building up at this stage. NASDAQ:QQQ closed with a green candle, successfully surpassing the previous high set on August 22nd. This breakout signals bullish momentum and a positive outlook for the tech-heavy index. BTC TA: W: Bitcoin is holding above the Bollinger Bands' moving average but remains below the critical weekly resistance level of $64 k. This positioning reflects a neutral to slightly bearish outlook. D: The daily chart reveals why the weekly candle only has a wick above $64 k. Unfortunately, Bitcoin failed to maintain its support line and is now trading below it. If further correction occurs, the target is around $60.3k, where the highest volume of trading activity has been observed. 4h: Analyzing the recent bull run from September 6th, the Volume Range Volume Profile (VRVP) point of control aligns closely with the current price level, indicating significant trading activity here. A breakout could lead to either a drop to $43k or a surge to $80k. Keep an eye on the bearish MACD line divergence, which, although present, needs confirmation on the 1-hour timeframe. 1h: The previously observed divergence has dissipated, and the market is now range trading, indicating a neutral outlook. Altcoins Relative to BTC: Most major altcoins peaked 2-3 days ago and are now waiting for Bitcoin’s next move to decide their direction. Bull Case: As long as Bitcoin maintains its support level without breaking down, there's an increased likelihood of a gradual rise. Current market behavior suggests we are in an accumulation phase, which could precede a strong upward movement. Bear Case: We might be experiencing the peak of a bull trap. Economic indicators are not favorable, and there is a risk that large holders (whales) may begin selling off their positions. Fear and Greed Index: The index has dropped slightly to 48.34 from yesterday's 52.83, indicating a slight shift towards fear in the market. Prediction and Opportunities: On weekly and 4-hour charts, there are divergences in major altcoins, presenting potential opportunities. SOL successfully broke through its $144 resistance level, and ETH did the same with its $2,550 support, establishing these as new support levels. AR also confirmed its $21.73 support level. These setups could offer profitable trading opportunities if confirmed by further price action. Correction Notice: In yesterday's analysis, we incorrectly stated that BlackRock had been on the sidelines with Bitcoin and Ethereum ETFs. New data reveals the opposite: BlackRock made significant purchases of $98.9 m and $184 m worth of BTC on consecutive days, along with a $59.3 m purchase of ETH. While Fidelity customers showed reduced interest, with some selling BTC, BlackRock’s aggressive buying suggests divergent strategies among major players. This highlights the complexities of using ETF flows as a metric, as there is no clear way to track "smart money" in the crypto space. It’s intriguing to observe the varying purchase patterns between BlackRock, Grayscale, and Fidelity.
COINBASE:BTCUSD
by EvgenCapital
Sui (SUI) scores 11% growth in the last 24 hours: analysisWith a bullish recovery rally gaining momentum, the SUI token price shows an exponential rise. Over the past 24 days, it has increased by 135%, with a streak of massive bullish engulfing candles. Currently, it is challenging the 78.60% Fibonacci level at $1.74. With a golden crossover in the daily chart, the RSI line is trading high in the overbought zone. Based on the Fibonacci level, the next target for this rising altcoin stands at $2.00, with the upside potential to the $3.00 resistance level at $1.618 Fibonacci level.
Long
by paul_endeo
9/24 Markets on Edge: Is the Bull Run Here to Stay?Overview: It might seem like the markets have been rallying for the last four trading days, following the recent interest rate cut. The AMEX:SPY formed a bullish spinning top candlestick pattern on Friday and Monday, followed by another green candle on Tuesday. We remain in a bullish trend with no clear signs of reversal. However, it's worth noting that we still haven’t reached a new all-time high and haven't posted a solid green candle engulfing previous ones. The AMEX:SPY hasn’t even surpassed the highest trading price recorded last Thursday. Essentially, we're hovering at the market's peak, deciding whether to kick off a new bull cycle or face a potential downturn. NASDAQ:QQQ also closed positively, but the candlestick pattern is similar to SPY. On Tuesday, the Federal Reserve reported the S&P Case-Shiller Home Price Index, which tracks housing price increases in 20 major U.S. cities. While housing is still appreciating, it’s doing so at a slightly slower pace than anticipated. In July, it rose by 5.9% year-over-year, compared to an expected 6% and the previous reading of 6.5%. The primary driver of home prices is borrowing costs, particularly reflected in mortgage rates. Typically, a 1% increase or decrease in mortgage rates correlates with a 10% change in property values. As interest rates decrease, so do mortgage rates, influencing home prices. Average 30-year fixed mortgage rates dropped from 7.22% in May to 6% in mid-September, translating to a 12.2% increase in housing prices. Therefore, the Case-Shiller Index could see a significant rise, especially if the Fed cuts rates twice more by year-end. The Consumer Confidence Index, distinct from the Michigan Consumer Sentiment Index, also dropped to 98.7 in September, nearing the bottom of its narrow range over the past two years. This is the steepest decline since August 2021, with all five components of the index deteriorating. Consumers’ views on current business conditions and the labor market have turned negative. Additionally, expectations for future labor market conditions, business conditions, and income have all worsened. While this drop is significant, it’s not as severe as during the Dotcom Bubble or the Subprime Mortgage Crisis. Fidelity and Bitwise are slowly dipping their toes into the BTC ETF market, while Grayscale and BlackRock remain on the sidelines. The ETH ETF remains untouched. It’s possible that the recent surge in buying is driven by retail investors. We might need to reconsider the importance of ETF metrics, as they’ve become just another market participant without any apparent insider knowledge. For instance, BlackRock made its largest BTC ETF purchase between February 27th and March 14th when BTC's price ranged from $51K to $73K. On March 12th, they purchased $849 million worth of BTC at a closing price of $71.4K, leaving them in a loss since then. Weekly : This week’s BINANCE:BTCUSD candle is above the Bollinger Band moving average, but it’s still intersecting the $64 k weekly level. If this price holds, it could signal a major bullish trend. For now, it’s still leaning bearish. Daily : Tuesday’s price action pushed us above the weekly $64 k level. The daily candle appears stronger compared to the previous four spinning tops. RSI is approaching overbought territory but hasn’t crossed the 70 mark, and there are no MACD divergences. 4-Hour : The bearish MACD divergence persists, now visible in RSI as well. Three consecutive candles are holding above $64K. Lower timeframes will reveal how many attempts were made to break this level and if previous resistance has turned into support. The price is at the top of the Bollinger Bands. 1-Hour ): On Tuesday, September 24th, at 10 AM, there was a decisive candle indicating an unsuccessful attempt by American bears to break the $62.9K level. The VR VP point of control is precisely at this level, with significant bullish buy orders absorbing the selling pressure. Volume nearly doubled to 1.1 million on Coinbase, compared to an average of 278k. Subsequent candles showed higher volume and a higher low. Once the selling pressure was absorbed, the price began to rise and broke the resistance level. Since the breakout, the price has tested the old resistance level three times but successfully rebounded, closing higher above the Bollinger Band moving average. This breakout was confirmed by a CVD (Cumulative Volume Delta) bullish divergence, available on TradingView. It shows the difference between buying and selling pressure in the market, especially on the 1-hour timeframe. During the 10, 11, and 12 AM candles, a higher low was formed compared to the previous price low, but the CVD indicated a lower low. This suggests that even with immense selling pressure, buy orders were absorbing the sell orders, pushing the price higher. Alts Relative to BTC: While major market indices and BTC might appear flat and indecisive, altcoins are experiencing explosive growth. Since the rate cut, the following alts have surged: TAO: +70% SUI: +50% APT: +37% NEAR: +30% RNDR: +30% Alts had ample room for growth as many collapsed faster than BTC. In early September, SUI and NEAR reached their "BTC ETF approval" price levels from January 10th, while APT hit its 2023 bottom price. It still has another 9% to go before reaching its BTC ETF price. Bull Case: BTC holds $64 k, all selling pressure is absorbed, and liquidity floods the market, especially after China joined the rate-cutting spree, reducing their rate from 2.3% to 2.0%. Bear Case: It could all be one big bull trap, with deeper economic issues globally leaving people with less disposable income to gamble on speculative assets. Fear and Greed Index: 52.83. Increasing but still in the neutral zone. There's a notable divergence: check the Fear and Greed Index chart on CoinMarketCap. The last two lows were on August 5th and September 6th, yet BTC posted a higher second low, indicating irrational fear in the market. Keep an eye on this divergence for future reference.
COINBASE:BTCUSD
by EvgenCapital
Alikze »» CELR | Triple Bottom🔍 Technical analysis: Triple Bottom - In the weekly time frame, a triple bottom has been formed at Fibo 0.78. - According to the return candle in the mentioned area, we expect at least this motivational wave to continue its growth until the neckline. - This climb can have at least 50 to 60 percent profit yield. 💎 Also, if the 0.78 area is broken, the bullish scenario will be invalidated. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Long
by alikze
9/23 Crypto Faces Gloomy October.Overview: The AMEX:SPY closed higher last week, but Thursday’s candlestick pattern resembles a bearish abandoned baby. What’s more concerning is the weekly chart showing a bearish MACD divergence—while the price keeps hitting all-time highs, both the MACD and signal lines are trending lower. Has this divergence played out already, as seen in the first week of August, or is it still ahead of us? You may have noticed that we only have two more rate cuts left for the year. Why not three, with three months remaining? The Federal Open Market Committee (FOMC) meets only eight times a year. There’s no meeting in October to give time for economic analysis and to avoid overreacting to short-term fluctuations. Conveniently (for bears), September and October are typically weak months for markets. Remember, FTX collapsed in November 2022, bottoming out the crypto market in November-December. The next FOMC rate cut is expected on November 7th, leaving BINANCE:BTCUSD bulls on their own for the next 44 days. However, this cut is not guaranteed. If inflation remains high or increases, the cut could be postponed. Rate cuts are a quantitative easing tool used to support a slowing economy—not one that’s running at full speed. This Friday, the FED will release the PCE index, which could influence their decision. The CME FedWatch Tool currently shows a 55.2% chance of a one-basis-point cut and a 44.8% chance of a two-basis-point cut. In recent letters, we suggested a price increase in late September. Now might be the time to take some profits and wait to see if we can break resistance and establish a new bull trend, or if this is the peak before a downturn. Weekly: BTC closed the week with a strong green candle, slightly above the Bollinger Band Moving Average (BB MA) but still below the highs of late August. The trend remains bearish. Daily: We’re overdue for a correction back to the BB MA, with targets at $61.4k and $60k. The price is hovering around the major resistance level of GETTEX:64K , which is also a key monthly level. The last three days have formed three consecutive dojis, indicating market indecision after 15 days of bullish momentum. Breaking this resistance without first testing the $61.4k support is unlikely. 4-Hour: Weekend price action shows BTC reaching its peak between Thursday and Friday night, pulling back by 2.6% before U.S. bulls prevented further losses. Despite pushing higher on Sunday, Asian bears applied pressure again. Bearish divergence between the price peaks and the MACD-signal line suggests a potential downturn. 1-Hour: At 10:00 a.m. NYC time, BTC posted a big green candle, supported by strong U.S. buying. However, since Monday midnight, the price has been dropping, while the Cumulative Volume Delta (CVD) line remains green and positive. This indicates that despite strong buying pressure, hidden sell orders are absorbing the demand, suggesting: Absorption by Sellers: Large sell orders are preventing the price from moving up. Distribution Phase: Larger market participants may be offloading positions while smaller traders buy, creating an illusion of demand. Potential Reversal: This could signal a potential reversal if the selling pressure eases. Altcoins Relative to BTC: ETH has outperformed BTC, along with NEAR, TAO, APT, AR, RNDR, and AAVE. SUI, BNB, and FTM showed weaker pumps, while SOL appeared the weakest. Bull Case: If the Fed’s two-basis-point cut doesn’t lead to higher inflation and jobless claims continue to rise, it could boost speculative assets. Other central banks around the world may follow suit, increasing global M2 money supply. Bear Case: Until the next Fed rate cut, there’s little to support BTC’s current price against bearish pressure. Fear and Greed Index: Currently at 50.64—neutral sentiment. Overall, the market remains in a delicate balance, while weekly trend is still bearish.
COINBASE:BTCUSD
by EvgenCapital
Sui (SUI): are we seeing 5$ growth?As the bull run in the crypto market gains momentum, the SUI price skyrockets at a breakneck speed. With a streak of bullish candles, the uptrend in SUI is challenging a resistance trendline near the initial price of $1.6785. Will a new breakout run surpass the 78.60% Fibonacci level to hit the $5 psychological mark in October? With a rounding bottom reversal in the weekly chart, the SUI price reveals a trend reversal rally. As the altcoin exceeds more than 100% returns in the last three weeks, the uptrend in SUI surpasses the $1.50 psychological mark. The rounding bottom reversal teases a double bottom pattern with a neckline near $1.67. Further, the all-time high of $2.18 remains a high supply zone, and a breakout above this will boost the bull run. Currently, the SUI price is trading at $1.55 with an intraday drop of 2.04%, concluding the bullish streak. Trading at just a 30% discount from its all-time high, the bull run shows potential for a new all-time high. With the bullish trend reversal rally gaining momentum, the SUI price is likely to complete a double-bottom reversal beyond the 78.60% Fibonacci level at $1.7712. Based on the Fibonacci levels, the uptrend in the SUI price is likely to target the $3 and $5 psychological mark. Further, the bull run history of the crypto market in October bolsters the chances of hitting the target. On the flip side, the support levels for SUI are present at $1.50 and $1.33.
Long
by paul_endeo
SUI: Gearing up for 150% Gain!#SUI has broken above the yellow dotted resistance trendline and is likely to continue its bullish rally. The price has shown a decent rebound, forming a support trendline, and is aiming to reach the upper resistance trendline. Trade setup: Entry 1: CMP Entry 2: $0.54-$0.62 Targets: T1 $1.34, T2 $1.85, T3 $2.57 Trade type: Spot Note: Accumulate on dips and always invest wisely. Do your own research and analysis before investing your hard-earned money. Regards, Team Dexter #SUI #Crypto
Long
by Dexter_The_Trader
Alikze »» DOT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area. - In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply. 🛑 The most important resistance: ~ 4.68 💎 Alternative scenario: If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« 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:DOTUSDT
Long
by alikze
9/21 SP500 Retraces from ATH; Crypto Market Faces Weekend RisksOverview: The VANTAGE:SP500 closed slightly lower yesterday, printing a red candle after reaching an all-time high. The NASDAQ:QQQ didn’t show much divergence and failed to close above its August 22nd high. ETF flows indicate another day of retail investors buying BINANCE:BTCUSDT , while BlackRock remained inactive. No buying of ETH ETFs either. Weekly: Bitcoin’s price didn’t move much and stayed in the same range on the chart. It continues to hover around the GETTEX:64K weekly resistance level, but so far, has been unable to break above it. Interestingly, this price rejection at GETTEX:64K mirrors a similar pattern observed on August 25th. Unlike the previous rejection where wicks extended above the resistance, this current attempt hasn't even breached the level. With a solid green week behind us, there’s a high probability of a Sunday sell-off as traders might take profits ahead of the weekend. Daily: The daily chart shows a clear rejection from the GETTEX:64K resistance level. If this marks the local top, it will be a lower high compared to August 25th, indicating potential weakness in the bullish trend. The weekend could see some selling pressure as traders lock in gains. 4-Hour: RSI has been in the overbought zone and is now cooling off, but no MACD divergences are indicating a trend reversal at this point. The trend remains upward, but caution is advised. 1-Hour: No visible divergences in either RSI or MACD, suggesting no immediate signs of a trend reversal. Altcoins Relative to BTC: No significant divergences were observed in the altcoin market relative to BTC. However, some coins are showing strong performances, like SUI and APT. Bear case: We've reached a peek, and from now its bear territory. Fear and greed index : 49.76 and started to flatten out the curve. Prediction : Sell off on weekend. Opportunities: TAO broke out of its resistance level. Correction down to $361 level is expected.
COINBASE:BTCUSD
by EvgenCapital
9/20 SP500 Hits New ATH While QQQ Lags Behind by 4.2%Overview: The SP500 finally broke its all-time high (ATH), despite a red candle on Wednesday. Meanwhile, QQQ still has another 4.2% to go before reaching its record. Fidelity and Ark were busy accumulating their average amounts of BTC yesterday, while Grayscale and BlackRock remained on the sidelines. Only a modest $5.2 million went into ETH from BlackRock, suggesting they’re cautiously dollar-cost averaging into their preferred assets. TA Weekly: Congratulations, Bulls! The $61.4k level was successfully breached, but the price faced resistance at the next level of $64k. It’s impressive to see how the price reacts to the weekly levels shown on our charts. Since the rate cut, Bitcoin has gained up to +6.60%, currently holding at +4.30%. Although these are modest numbers for crypto, they’re certainly better than a downturn. The weekly chart shows a wick above the Bollinger Band MA, but the current closing price sits exactly at the BB MA of $62.6k, keeping the trend bearish. Daily: After reaching $63.8k yesterday, BTC is now retracing, likely aiming to establish new support at $61.4k. 4-Hour: RSI is overbought at 71.55 and has already begun to correct, as evidenced by the last three red candles. 1-Hour: MACD shows a bearish divergence. We expect BTC to dip to $61.4k and form a new support level. Altcoins vs. BTC: TAO and SUI are leading the gains, with SUI reaching an all-time high in volume, signaling potential insider buying. ETH is up 3.79%, SOL up 6.3%, and TAO up 10%. Bull Case: The rate cut has boosted risky assets, but we need to ensure this isn't just a short-term rally and that BTC can hold the support level. Bear Case: This could be a temporary pump. If the U.S. economy remains strong, the Fed may be hesitant to implement additional rate cuts. Fear and Greed Index: The index is at 48.06, finally out of the Fear territory. Overall, the market remains cautiously optimistic, but staying vigilant is key.
COINBASE:BTCUSD
by EvgenCapital
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