SUIUSD
SUI price. What are the prospects: buy, sell or wait?Hype project SUI
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Currently, 6% of the maximum possible number of coins are circulating on the market.
On the one hand, while the number of coins on the market is still small, it is cheaper to organize a "pump".
On the other hand, when many coins are put on the market, there will be a lot of pressure on the price.
This is the basis of the "law of supply and demand".
The unlocking schedule:
- early July +0.6%.
- beginning of August +0.7%
- beginning of September +0.7%
- beginning of October +0.8%
- beginning of November +22%
In other words, theoretically, the highest chance of a pump in the SUI price is before November 2023.
But first, two obstacles need to be overcome:
the trend line of recent months is around $0.90
a powerful liquidity zone of $1-1.20, where a month ago users were actively buying SUI in anticipation of growth, but the SUIUSDT price had other plans and dropped by more than 2 times. Therefore, it is very likely that there will be active sales in this liquidity zone by those who want to "break even", as human psychology works.
Based on the above assumptions, "the active pumping" of the SUIUSD price has a chance to develop only after the price is firmly established above $1.20
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SUI VS AtopsFriends, hello everyone! I noticed an interesting similarity between two assets - SUI and Atop. After the decline, both assets experienced approximately a 70% loss. However, if we look at APT, we can observe an intriguing pattern - it showed a decline, followed by a minor correction, a final impulse (where the best entry point was), and a 400% increase.
Now, as SUI has undergone a decline, we are observing a slight correction, after which we expect a final impulse and further growth.
It's fascinating to see what will happen with these assets going forward! Let's keep an eye out for updates.
sui long setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
SUIUSD has bottomed and is on a bullish reversal.SUIUSD has made a Double Bottom at 1.01500 last week, broke above the 4H MA50 (blue trend-line) and is testing its first major Resistance at 1.24500. We will buy if it closes a 4H candle above it and target Resistance 2. Similarly, extend buying if it closes above Resistance 2, aiming at a complete gap fill on Resistance 2 (1.68000).
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