Sui (SUI) User Activity Increased Indicating Positive MomentumSui (SUI)
SUI continues to show positive momentum, attributed to both the rising trend of BTC and increased user activity on the Sui network. In the past two months, the blockchain's TVL has increased fivefold, currently standing at $140 million.
SUI is currently trading within a wide sideways range, with its support zone between $0.48 and $0.52 and resistance range between $0.64 and $0.69. The asset's primary aim is to sustain its growth trajectory and reach new local highs, with upcoming targets for buyers at $0.70 and $0.75.
However, in the event of a BTC correction and upcoming large-scale token unlocks, there is a risk that Sui might undergo a substantial drop. If this occurs, the coin's price could potentially fall to $0.43, approaching its historic low range of $0.36 to $0.40, which would be a significant test of the project's stability.
Suiusdt
SUI Surpasses APT in Trading Volume, Gearing Up to Retest $1The two newcomer Layer-1 blockchain networks Sui (SUI) and Aptos (APT) have both embarked on a double-digit bull run this November. The exponential growth of Sui Foundation’s native NYSE:SUI is ignited by the emergence of new decentralized applications on the network.
To illustrate the rapid growth of SUI’s DeFi ventures, Bluefin released a decentralized exchange (DEX) on the SUI blockchain last week. Bluefin DEX has introduced several fresh features for crypto traders, including sub-second trades and wallet-less cryptocurrency trading, making DEX trading accessible to a broader audience.
Moreover, SUI Layer-1 blockchain technology is now also home to Ribbon Finance’s Aevo decentralized exchange, which offers a wide range of futures trading. Driving demand from long-term investors, SUI’s blockchain topped rival Aptos in trading volume.
SUI/USDT Continue Upward Momentum ?? SUI Analysis Today💎 SUI has unmistakably captured our attention with its impressive rally and successful breakout from the descending channel pattern. Currently, SUI has validated its retest on the trendline of the pattern and notably reclaimed the pivotal support level at $0.419. This particular support zone is a critical juncture for SUI's trajectory.
💎 Maintaining a position above this level could pave the way for continued bullish momentum. The immediate hurdle for SUI is the resistance zone, a barrier that needs to be overcome to sustain the bullish momentum and Probability smoothly transition to the target supply and bearish OB areas.
💎 However, should SUI struggle and fail to breach the resistance, it might retreat to the support zone to gather fresh momentum for another upward push.
💎 In a less favorable development, if SUI retraces to the support zone and cannot uphold its position, leading to a breakdown, a bearish shift could be on the horizon. Under these circumstances, SUI might target the lower demand zone. This area becomes crucial, as SUI would need a significant rebound to reclaim the support level or risk a further slide down to the key support zone, intensifying the bearish outlook.
SUI: What to Expect in the Next Few WeeksSUI has been trading in a tight range between $1.06 and $1.33 for the past few weeks. The Relative Strength Index (RSI) is currently in a neutral zone, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is also flat, suggesting that there is no clear trend in the market.
The next resistance level for SUI is at $1.33. If the price can break above this level, it could move up to the next resistance level at $1.50. On the other hand, if the price fails to break above $1.33, it could move down to the support level at $1.06.
Overall, the technical indicators suggest that the market is currently in a neutral zone. The next few days will be critical in determining the direction of the market.
Additional Factors to Consider
Before making any investment decisions regarding SUI, there are some additional factors to consider:
The Overall Cryptocurrency Market
The overall cryptocurrency market is currently in a downtrend. This is something to consider when evaluating the potential for SUI. While SUI may have solid technical indicators, the broader market’s downturn could affect its price.
SUI’s Market Capitalization
SUI is a relatively new cryptocurrency and has a small market capitalization. This means that it may be subject to higher volatility than more established cryptocurrencies. Investors should consider this when making any decisions regarding SUI.
SUIUSDT| A coin that is ready to explode into LONG!!!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The coin is locally in an upward trend, which, in my opinion, can be broken by a fake downward movement, the classic removal of stop loss, in practice this most often happens on altcoins.
Deal plan:
Entry - $0.4550
Stop - $0.4210
Take - $0.4760, move the stop to the used one and fix part of the profit!
Guys, be very careful, the coin may be too volatile at the moment, so be careful.
SUI/USDT Technical Analysis Chart Overview in Long TermSUI Chart Analysis Overview
Strong Returns from Lows
SUI currently trades around $0.46, after recently bottoming at $0.3620. This marks a 4.6x increase from its ICO price of $0.10.
The all-time high for SUI was $1.60, representing a 16x ROI from the ICO. This shows SUI's ability to post outsized returns during bullish momentum.
Attractive Entry Zone
Even after the 4x bounce from recent lows, SUI still sits 70% below its all-time high. This suggests the $0.45-$0.40 zone is an attractive area to start scaling into a position.
Initial upside targets based on technicals and prior resistance levels are $0.62, $0.97, and $1.42.
Preparing for the Next Bull Run
If SUI can repeat or exceed its performance from the previous bull market, a rally back to its ATH of $1.60 is reasonable.
I also see potential for SUI to reach the $5 level in the next sustained crypto bull run based on its upside history.
Managing Risk
While the opportunity in SUI appears promising, proper risk management is always essential. Never invest too heavily in one asset. Keep position sizing modest and diversify across a basket of opportunities.
SUI Takes a Hit due to FUD
The director of the Korean Financial Supervisory Service stated that they would be scrutinizing the Sui project for possible manipulations of its native token offering.
This regulatory announcement stems from rumors circulating since June, which suggested an early release and subsequent sale of SUI staking rewards on the Binance platform.
In response to these developments, SUI plummeted by over 7%.
However, the project's team vehemently denies these allegations and stresses their commitment to working closely with regulatory authorities to ensure complete transparency.
Considering the token's current market performance, such claims are met with skepticism.
Dollar-Shop altcoins 💵 MATIC, SUI, ARBHi Traders, Investors and Speculators of Charts📈📉
For now, this is the last video in the 3-part series of altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
SUI makes some great arguments in terms of fundamentals, including horizontal scalability and being able to directly pass an asset (such as an NFT), directly into a function argument; great for storage.
MATIC looking like it wants go head back to the 30's:
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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BINANCE:MATICUSDT COINBASE:MATICUSD BINANCE:ARBUSDT COINBASE:ARBUSD BINANCE:SUIUSDT BITSTAMP:SUIUSD
SUI/USDT Break Falling Wedge pattern, Bullish Momentum ??? Yello Paradisers, It's time to dive into #SUI
💎 SUI has successfully broken out of the Falling Wedge pattern, validating the anticipated upward movement. Currently, SUI is undergoing a retesting phase, poised for continued upward trajectory, indicating a potential for significant upward movement.
💎 Prior to the breakout, SUI experienced a consolidation phase lasting around three weeks. This consolidation at the bottom is indicative of accumulation buying, a hypothesis that was confirmed with SUI’s successful breakout from the falling wedge pattern yesterday.
💎 The current market conditions suggest a promising upward movement for SUI, backed by its recent successful breakout and the preceding accumulation phase.
💎 However, this scenario would be invalidated if SUI were to close below the key support area on the daily timeframe.
SUIUSDTSUIUSDT, after being traded in range for some time now has given the massive breakout from range. Ranges are best in a sense just buy the support and sell the resistance.
Range breakouts are usually massive as we can see in this case as well.
If this breakout sustains the next higher target could be 0.6040.
What you guys think of this idea ?
🔥SUI VS APT: This Pattern Works On ALL Fresh🔋 AltcoinsSui Network is the new altcoin on Binance which has an unlimited potential.
Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level.
The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a bull market.
💥$300M cap can easily turn into $1B or eve more how it was with Aptos.
like❤️ and follow
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SUI ready to flySUI broke the downtrend and it may be ready to fly.
We believe that it will make a big move as APTOS did from its bottom when it reached 20 $.
Now it's SUI's time .
Expecting the uptrend towards 1,20 or maybe even 1,40 $ and from there big correction again.
We wouldn't hold SUI long-term because of number of locked tokens, but as a swing trade, it looks promising.
2 possible scenarios are shown on the chart.
If we get a pullback, it is for buying.
Good luck
Sui Bullrun PlansThe tokenomics of this coin are very suspicious. The way they scam people with their bullsharks game to create insane chain activity to attract more liquidity, using their own bots to not let retail make any gains is also suspicious and fraudulent. But...
Comparing them to other chains, they do try to copy cat the Solana nft frenzy in their own manner and develop something, at least for now.
By december 2023, we expect to have 10% of Sui released, leaving 90% more to dump on hamsters later.
What to expect: When crypto starts to be green for weeks, I expect the VC's to pump it minimum to 3$ in a span of 1-2 weeks. But before that, we may see a drawdown to 0.4~0.2$ per SUI.
Buy targets : From 0.6 DCA lower till 0.2
Sell targets : 2.8 and higher.
SUI/USDT Correction Over or Not? SUI Analysis Today 💎Paradisers, let's focus on SUI/USDT! Currently, it's navigating within a defined range, and we're forecasting an upward surge in the near future.
💎If the anticipated breakout unfolds successfully, expect it to ignite a rapid upward rally. However, keep a close eye on the demand zone, as there's a bullish Order Block (OB) situated just beneath it. If the price dips below the demand zone, it's likely to target the liquidity found at that bullish OB.
💎It's crucial to note that we've identified two confirmed order blocks in shorter timeframes. Given the existing liquidity, the price is poised to hit these levels.
💎In a previous cycle, demand morphed into supply, triggering a notable price decline and aiming for the earlier OB.
💎In the ever-evolving world of crypto, staying up-to-date and flexible is your key to success. Keep your charts updated and stay tuned for more insights. Happy trading!
"SUI: The God Mode" Or "Aptos to Olimpos II: SUI"Did you hear already this pretty popular opinion regarding SUI to be the next Aptos?
I bet you did.
Here's just a pretty bigger assumption as we're standing on the Buyer's Zone.
This zone serves us as the previous resistance line of the huge 110D descending wedge, that we have broke few days ago and now we're back to retest it.
Moving to the smaller TF (1H) you can see we're retesting it from the inside already and going a bit down. I see next: While some don't understand what to do next and sells their bags because the trendline is passed, I can view we're also at the small support zone, formed from the moment of Fall of the Grandfather on 17th Aug.
This leads us to the ACTUAL BUYER ZONE: 0.534 - 0.544
The Potential after this gonna be huge. We might see up to 500% up from here within a month.
Giving along the fact that ETH/BTC chart is on the breaking point too and it could lead the ALTS to explosion, SUI will be one of the Big ones.
SUI/USDT to the Moon: Buckle Up for an Incoming Breakout🚀 "SUI/USDT to the Moon: Buckle Up for an Incoming Breakout! 🌕📈 Excitement is building as NYSE:SUI gears up for a potential breakout. Keep an eye on the charts, as signs point towards a bullish move. Whether it's a short-term surge or a longer-term ascent, the journey promises to be exhilarating! 🚀📊💥 #SUI #ToTheMoon #BreakoutAlert #CryptoTrading" 🌕🚀