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Suiusdt

SUIHello everyone! I would like to share my thoughts on the current market situation. Recently, I noticed a support zone and identified a descending wedge formation on the chart. For me, this is a positive signal as I can see that the support level has been successfully breached. I have decided to take this coin on the spot as I consider it promising. However, due to the unfavorable market conditions, it has been heavily sold off. This has had a negative impact on its price. I believe that despite the temporary difficulties, this coin has potential. Therefore, I have decided to acquire it, hoping for positive changes in the future. I will be monitoring the developments and making appropriate decisions.
Long
by Du_Trade
SUI SUIUSDT Price analysis (1h)Greetings, fellow traders! In this article, we will delve into the price analysis of SUIUSDT Consolidation and Support Level: SUIUSDT has been exhibiting a consolidation pattern in recent trading sessions, indicating a temporary pause in the market before the next price movement. During this consolidation, the price has shown respect towards a significant support level at $1.03. The repeated bounces off this level suggest that it holds strong buying interest and could potentially act as a launchpad for an upward move. Potential Rebound and Target Levels: Considering the respect shown to the $1.03 support level, it is quite likely that we may witness a rebound from this level towards the descending resistance line. With target levels at $1.08, $1.09, $1.10, and $1.11. These levels represent potential resistance areas where the price might encounter selling pressure. Risk Management and Stop Loss Order: While a rebound from the support level is anticipated, it is essential to manage risk effectively. Please remain cautious of a potential breakout below the $1.03 support level. To protect from potential losses, it is advisable to set a stop loss order at an appropriate level below the support, ensuring that any downside movement is limited. The Relative Strength Index (RSI) is currently showing a bullish divergence for SUI. It's important to note that this divergence is primarily visible on the 1-hour timeframe, which may not carry as strong of a signal as if it were observed on higher timeframes. Bullish divergence occurs when the price of an asset forms lower lows while the RSI indicator forms higher lows. This suggests a potential reversal in the downward momentum and a possible upcoming price increase. However, the strength and reliability of this signal are generally more significant when observed on longer timeframes. 📣 We would love to hear your feedback in the comments section! What are your thoughts on the analysis of SUI's bullish divergence on the 1-hour timeframe? Do you agree that it may not carry as strong of a signal compared to higher timeframes? Share your insights and experiences with us. We value your input! 🙌
by Vestinda
SUI: Project that will earn millionsL1 blockchain in the Move language, offering a large number of innovations: removal of information from the network, single liquidity within the blockchain. The project was released on May 3 and trading on exchanges began the same day. The nearest competitor Sui is the project Aptos, similar between themselves in many parameters, these projects in the future probably will create their own ecosystem on the model of Ethereum and Cosmos. At the moment, these two projects can be called the gems of the L1 solutions market. Speaking about the gems, read this article to the end and find most profitable ones. Project metrics SUI price: $ 1.18 Circulating supply: 528 273 SUI Total supply: 10 000 000 SUI (5.28%) Market capitalization: $620 mln FDV (Total supply X SUI price): $11.7 bln Given the stage of the Sui project, the most relevant metric in terms of competitive analysis, is FDV. SUI's FDV currently outperforms Matic, its closest competitor Aptos, Near and Solana. Based on this metric, we can say that right now the price for an SUI token is overheated relative to the overall market and the project currently has no fundamentals to justify such a price. Over time, unlocking the tokens should reduce the price and make it more fundamentally sound. We are much more interested in what to expect from SUI in the future, for which we will use the price dynamics of Aptos. What to expect from SUI in the future? In a month, SUI will fall to the level of $0.6-$0.7, which will make the overall FDV of SUI the most market balanced in relation to the state of the project Given the high market momentum over the last 4 months, SUI will actively trade in the price range, gradually eliminating margin players on both sides In ~60-70 days after entering the price range, only strong hands will remain in SUI who are interested in supporting and growing the ecosystem This cohort of investors will be the driver for TVL growth, ecosystem booster and new promising projects New projects will attract the mass investor who will start buying up SUIs and using their onchain to maximize profits A game of burning chairs will begin, during which those users who came to the project early will earn the most What to do now? Wait for a local drop of SUI, who wants to open a short trade Gain positions in the pro-trading range Use your SUI in the ecosystem, or increase the position if you trade on the futures (Do not forget about risk management!) Thanks for reading! We are waiting for your rockets and comments
by Samura0x
4
SUI SUIUSDT Price analysis (1h)Hello dear TradingView community! While the article was being written, the price of SUI experienced a breakout from the 1.14 level on the 1-hour timeframe , indicating a potential upward movement. This breakout suggests that SUI may continue to rise to higher levels. However, it is important to exercise caution and consider other technical indicators. The MACD (Moving Average Convergence Divergence) indicator suggests a continuation of the upward move, supporting the potential for further price appreciation. On the other hand, the RSI (Relative Strength Index) is showing an overbought condition, which could signal a potential reversal in price. Considering these indicators, it is crucial to closely monitor the market and observe whether there is strong demand to support SUI's price at these levels for the long term. Traders and investors should keep a watchful eye on any signs of a price reversal or a potential correction. Remember that technical indicators provide insights, but they are not foolproof. It is recommended to conduct thorough analysis, consider multiple indicators, and evaluate market conditions before making any investment decisions. The SUI project has emerged as a highly promising project. Strong Financial Backing: SUI benefits from substantial financial backing, which indicates confidence in its potential for success. Ample funding allows for the development and deployment of a robust decentralized finance (DeFi) ecosystem, setting the stage for future moves. Innovative MOVE -Based Ecosystem: Following the success of APT, SUI is the second hyped MOVE-based ecosystem that promises to create a thriving environment for users and developers. The MOVE protocol's centered around derivatives and price volatility. Expanding DeFi Ecosystem and Use Cases: With an extensive ecosystem consisting of 230 projects and 47 DeFi protocols in the pipeline, SUI demonstrates a vibrant and diverse range of applications. This breadth of development attracts users and increases the demand for SUI tokens, contributing to long-term growth potential. Competitive Advantage over Rivals: When compared to its closest competitor APT, SUI exhibits an advantage in terms of ecosystem vibrancy. With a higher number of DeFi protocols and a focus on building a thriving ecosystem, SUI shows potential for adoption. Solid Fundamentals and Market Position: SUI's strong fundamentals, including a low initial supply and involvement of market makers, contribute to a controlled token emission process. This controlled emission prevents significant price dilution and fosters price appreciation over time. Additionally, strategic partnerships, exchange listings, and community engagement enhance SUI's market position and success potential. Investors seeking short-term opportunities in the cryptocurrency market should consider the potential of the SUI project. Its well-funded development, innovative MOVE-based ecosystem, and expanding DeFi ecosystem present promising prospects for sustainable growth. However, it is crucial for investors to conduct thorough due diligence, understand associated risks, and make decisions based on their own risk tolerance. Please let us know your feedback and thoughts in the comments section below. We value your input and would appreciate hearing your perspective on the potential of the SUI project as an investment opportunity. Feel free to share your insights, questions, or any additional information that could contribute to the discussion. We look forward to engaging with you!
by Vestinda
ETHUSDT D :WOW NICE PATTERNHi Guys Hope you well, In the daily time frame, the structure has changed from bearish to bullish. According to the dominance of Bitcoin, I expect to drop to demand zone on H4 and then move upwards with rapid movement. But in case of further decline, it is possible to reach the demand area in daily time around 1400. In case of further analysis in lower timeframe, enter our channel. SecondChanceCrypto ⏰11/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Short
by Secondchancecrypto
BTCUSDT DailyHi Guys Hope you well. Today we have news about CPI and we can say that the market trend will be determined. As long as the dotted blue trend line is not broken, we can expect a return to see liquidity around 29500-29500, and then in the next return, we have to wait for the break of the trend line. Be the beginning of the sell-market . In my opinion, this pattern that has been created is collapsing, which shows that if the price starts to fall, it can quickly reach the origin of its rise about 20000-19000, within a few weeks. SecondChanceCrypto ⏰10/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Short
by Secondchancecrypto
ADAUSDT Daily Hi Guys, Hope you well, As you can see, we are in a good uptrend channel. We can move up again from the bottom of the channel, but a good buying point in the lower support is a very good move for the purpose of the ceiling of the channel and also to collect liquidity. SecondChanceCrypto ⏰09/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
by Secondchancecrypto