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Suiusdt

Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory. Fundamental Highlights 1. Total Value Locked (TVL) Milestone Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum. 2. On-Chain Volume Record Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base. 3. Ecosystem Expansion The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem. Technical Analysis At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup. The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment. 🌟 Why This Matters The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects. Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
COINBASE:SUIUSDLong
by DEXWireNews
Sui Ecosystem Tokens: Analysis of DEEP and NS Pattern Similariti Today, I conducted a detailed technical analysis of two tokens from the Sui ecosystem — DEEP and NS. Despite their different price ranges, both assets demonstrate similar price movement patterns. Here are the key points: 1 Growth Phase — Both tokens showed a strong upward surge, forming an initial bullish trend (green zone). 2 Correction — After the sharp growth, a correction followed, represented by a downward movement (red zone). 3 Support Level — Both tokens reached a strong support zone (blue area), where initial recovery signals appeared. 4 Potential Upward Surge — Both tokens formed a similar potential "growth wave" (blue zone), promising the continuation of an upward trend. In DEEP, we observed a +106.99% increase, while NS shows a potential rise of up to +90.68%. This is a great example of similar patterns that can help predict future price movements. Why is this important? The similarity in token behavior helps in making more accurate market predictions. If NS follows DEEP's pattern, it opens exciting opportunities for traders. What do you think of this analysis? Share your thoughts in the comments!
NLong
by Du_Trade
#SUI Short Setup IdeaTime to short BINANCE:SUIUSDT ? After the huge rally we see price peaking and slowly losing momentum It recently did a MSS - Market Structure Shift taking liquidity and moving up into the supply zone Below the most recent swing low there is a 1H FVG inside a 4H FVG, which acts as a strong magnet, so price should see a rejection inside the supply zone (current price), and drop to that zone First target should be the most recent swing low Second target 1H FVG
Short
by andreist257
Will SUI keep up the trend after a new ATH?The SUI price has launched a fresh bullish attack as the bears seem to remain off-the-track for a while. The rise in the buying volume and pressure suggests the token is expected to maintain a strong ascending trend, even after breaching above the resistance of the rising expanding channel. Now that the token has found fresh highs around $3.3, the next pitstop could be around $3.5 which may just be a matter of time. The SUI price has experienced a massive rise in volume, which soared from levels below a billion to as high as $3.6 billion in just a couple of days. This huge influx of trading interest suggests the potential increase in the price, which could push the price beyond the interim highs. However, the bears are not expected to hinder the progress of the rally, and hence the SUI price rally is believed to follow the market sentiments until the end of 2024.
Long
by paul_endeo
The Banana Zone Series - SUI Buy the Dip Levels (6 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone. We continue the series with SUI. As you can see in my analysis, pull backs to $2.57 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season. For more aggressive traders, $2.79 and below can be the trigger longs with tight stops. Not a financial advice so DYOR.
by CryptoBreakers