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SUIUSD

Where is the SUI price heading?For more than 2 months, the SUIUSDT price has been showing and maintaining a strong and steady upward trend. So we have a question for you, what is your opinion on where the SUI price is headed? - according to the blue scenario, to $1.5 and from there the correction will begin in the region of $0.6 - better in the orange scenario to $2.0-2.10 and from there a correction to $0.9 Or your option, vote and write your thoughts in the comments below the idea.
by P_S_trade
6
SUI target $1012h time frame - SUI is a potential Layer 1 blockchain and smart contract platform. Price goes well and builds a health trend for bullish side. Although SUI has been dipping for around 1 month, it just gained support from 61.8% Fibonacci retracement, that could be seen as a standard and normal correction before next pump starts. Considering the current market cap. is 1.5B and total supply is 10B, I predict SUI's MC can reach or even go over 100B, that will bring the price go above $10, and should sell most positions once hit $12. - Bull target: $10~$12
Long
by EthanTW
SUIUSD: Bullish breakout expected.Sui is neutral on its 1D technical outlook (RSI = 55.334, MACD = 0.025, ADX = 19.421) as it remains inside a Cup pattern. The Fibonacci Channel that has been dictating the price action since October 2023, shows that this is the start of the Bullish Wave to the next HH. A similar Cup was what priced the bottom in October and when the price crossed above it, extended to the 2.0 Fibonacci extension. That is our target (TP = 2.800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SUIUSDLong
by InvestingScope
2
SUI/USDT SHORT Signal – Catch The Trend Reversal!We're spotlighting a SHORT opportunity for SUI/USDT. Trading Signal Entries: 1.854 USDT & 1.955 USDT (Market Orders) Stop Loss: 2.072 USDT to safeguard your trade Profit Targets Target 1: 1.762 USDT, adjust to breakeven Target 2: 1.671 USDT Target 3: 1.51 USDT Helpful Tips Save Money: Use limit orders instead of market orders for lower fees. Stick To Your Plan: This is key for making progressive gains! Control Your Risk: Your stop-loss order protects you against unforseen market reversals. We aim to provide high-quality signals that guide you to success. Happy trading! Please make sure to Boost this idea & follow this account if you want to see more of this content. We appreciate it!
Short
by Swiss_Signals
SUI is going parabolic, time to buy? Here is why yesSUI is bullish and currently going parabolic, as you can see on the chart. The price broke out of the ascending parallel channel, which was supposed to break down, not break up. This is a strong sign of strength and that the parabolic uptrend is starting. Time to buy? I think so. 300% profit in the next few weeks is not scifi. We also have a falling wedge pattern on the weekly chart, and by classic technical analysis, the profit target is at the top of the falling wedge, which is the previous ATH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! What Makes Sui Unique? Through features such as horizontal scaling, composability, sparse replay, and on-chain storage, Sui’s architecture solves pain points common to first generation blockchains. Horizontal Scaling On the Sui network, each group of transactions process in parallel, as opposed to the bottlenecking that occurs in some earlier blockchains due to any lack of distinction between the various objects, resources, accounts, and other components. Composability In Sui, unlike most other blockchains, one can directly pass an asset (such as an NFT), directly into a function argument. Sui’s object-centric approach also allows for more esoteric data structures, and the ability to store assets inside such data structures, or in an asset itself. Sparse Replay Naturally, a blockchain provides a ledger of every single transaction. For a Sui-specific example, game builders don’t need to track transactions interacting with unrelated dApps. Because querying on-chain data can be expensive, products on Sui will be able to follow the evolution of the objects in this game, without digging out the data from the Merkle tree. On-Chain Storage Because assets are directly stored as objects on the Sui blockchain, they are never subject to Merkle tree indexing. Storing assets directly on-chain is used in tandem with conventional means, such as IPFS, to scale the problem of on-chain storage, as it is much cheaper to directly update assets on-chain. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
Title: SUI/USDT: Bearish Signals Emerge - Ending Diagonal PatterTitle: SUI/USDT: Bearish Signals Emerge - Ending Diagonal Pattern and MACD Divergence Overview: SUI/USDT is currently displaying clear bearish signals, suggesting a potential reversal in the near term. Two key factors contribute to this bearish outlook - the formation of an ending diagonal pattern and the emergence of a bearish divergence on the MACD indicator. Technical Analysis: Ending Diagonal Pattern: SUI/USDT is exhibiting the characteristics of an ending diagonal pattern, a reversal pattern typically signaling the end of an uptrend. The converging trendlines of the diagonal suggest diminishing buying interest, with a higher likelihood of a bearish reversal. MACD Bearish Divergence: The MACD indicator is showing a bearish divergence, where the price is making higher highs, but the MACD is making lower highs. This divergence implies a weakening bullish momentum, often preceding a potential trend reversal. Trade Setup: Cautious Approach: Given the bearish signals, a cautious stance is recommended for traders. Short Entry: Consider shorting SUI/USDT on a confirmed breakdown from the ending diagonal pattern or a breach of a key support level. Stop-Loss: Place a stop-loss above the recent swing high or a level that aligns with your risk tolerance. Take Profit: Identify potential support zones or Fibonacci retracement levels as profit-taking targets. Risk Management: Always employ proper risk management strategies, ensuring that potential losses are controlled and do not exceed predetermined levels. Stay informed about upcoming events or announcements that may impact SUI/USDT. Cautionary Notes: Keep a close eye on the price action and be prepared to adapt your strategy based on real-time market developments. Be aware of potential false signals and monitor confirmatory factors alongside the technical analysis. Conclusion: The combination of the ending diagonal pattern and the MACD bearish divergence on SUI/USDT suggests a potential shift in market sentiment. Exercise caution and wait for confirmation before considering any trading positions. Always conduct thorough analysis and maintain a disciplined approach to risk management.
BINANCE:SUIUSD
by outkla
2
SUIUSDT Evaluating Bullish Prospects from Demand Zone? 👀🚀SUI💎 Paradisers, let's delve into #SUIUSDT, which is currently exhibiting a fascinating pattern. Situated in a demand zone, SUI shows a strong likelihood of embarking on a bullish journey. 💎 Our recent observations reveal that #SUI has successfully executed a Market Structure Shift (MSS) and surpassed a formidable supply level at $0.7828. This level has now transformed into a demand zone. If NYSE:SUI can maintain its momentum above this zone, it stands a high chance of reaching and potentially surpassing a major supply zone above. 💎 However, it's crucial for astute traders like us to always have a Plan B. If #SUI is unable to sustain its momentum above the demand zone, we should be prepared for a different scenario. This would involve expecting a bullish recovery from a lower support level at $0.7244. Be mindful, though, that breaking below this support could trigger a significant bearish movement. 🌴💰
Long
by MyCryptoParadise
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈 I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up. Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors. In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism. This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone. The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SUIUSDT
Long
by CryptoCheck-
3