SUI - trend stoped with big Bull trapSUI - trend stoped with big Bull trap
Price should create a range or make big pullback to give us good entry idea
Suiusdt
SUI - perfect pump from POCSUI - perfect pump from POC
trendi s strong and bullish
take trades at VAL of local ranges
and follow the treend
What awaits SUI after a new ATH?As the SUI surged past $2, the bulls utilised all their strength to push the price beyond the current ATH. Now that the price has achieved new highs at $2.36 during the early trading hours, the traders appear to have become optimistic about the next price action. Therefore, the price is bound to keep up the bullish trend as the crypto is gaining back the lost momentum and attention.
Hence, the SUI price may eventually stabilize within the price discovery phase and eventually maintain a steep ascending trend and achieve higher targets.
SUI has been largely compared to that of the 2021 Solana price rally, which triggered a monstrous jump beyond $220. With the latest price rise, the SUI price has been certified as the beginning of a fresh upswing. Therefore, the price is believed to head towards the next target at $2.5 to $2.55 but only after it reaches certain conditions.
The chart displays immense strength among the bulls as the price maintains a steep ascending trend within a rising parallel channel. The token just hit the upper resistance, forming a new ATH, which may result in a minor pullback to the average bands of the channel. The StochRSI is heading towards lower support, while the short-term MACD suggests a drop in the buying pressure. This validates the bearish narrative in the short term, which may drag the levels to $2.16 in the next couple of days.
However, after the bulls regain power, a rebound could be generated at the average bands, which may revamp a strong upswing to form a new ATH above $2.4. However, these are minute price actions, but in the wider perspective, the Sui price appears to be primed to close the monthly trade around $3 and reach $5 by the end of the year.
#SUI price will first to break into the alt-season ?)At the moment, the inverted Head and Shoulders on OKX:SUIUSDT chart are drawn quite technically and “by the book”.
Even such an important factor as increased trading volumes in the right shoulder is being fulfilled, and this is especially evident in trading OKX:SUIUSDT.P futures.
Now, CRYPTOCAP:SUI buyers have one task - to keep the price above $1-1.05
Fulfillment of this condition will guarantee growth to at least $1.50, and if you're lucky, up to $2.40
_____________________
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Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap .
The recent price surge of the SUI token can be attributed to several key factors :
1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike.
2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors.
3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers.
It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again.
Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) .
According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ).
I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% .
Sui Analyze (SUIUSDT), Daily time frame⏰.
🔔 Be sure to follow the updated ideas. 🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Elliott Wave Analysis with Fibonacci Extensions - Potential BullIn this chart, we observe a clear Elliott Wave structure with five impulsive waves, indicating a potential bullish continuation. The Fibonacci extensions are plotted, highlighting possible Take Profit (TP) levels based on the wave projections.
Wave 1 to 5 completed, with Wave 5 potentially leading to significant price growth.
The Fibonacci retracement levels show key support areas, while the Fibonacci extensions suggest potential upside targets.
Key Targets:
TP0: MAX 81,738.0 (168% - 200% Fibonacci)
TP1: MAX 98,157.0 (261% - 300% Fibonacci)
TP2: MAX 114,576.0 (361% - 400% Fibonacci)
TP3: MAX 130,995.0 (461% - 500% Fibonacci)
The current price action is in consolidation, suggesting a breakout may occur soon. A strong move past TP0 could accelerate the upward momentum towards the higher TP levels.
Keep an eye on support levels around 63,068.0 and potential correction zones before a breakout occurs.
Disclaimer: This is just my personal view based on technical analysis, and it is not financial advice. Please conduct your own research and trade responsibly!
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.85
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.90
First target 2.00
Second target 2.06
Third target 2.15
SUI, Just imagineThis chart is for imagination purpose only.
if the October to march season hit, we could very well imagine this.
The fractal on the chart comes from the previous move of October 23" to February 24".
27 million holders
Just imagine, that's all.
"That's it, that's the idea" - Good night !
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move.
The Road Ahead: A Tale of Three Scenarios
Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment.
A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue.
The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations.
The Path Forward
As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
My point of View For SUIDear Follower
I got a multi request to analyze SUI
I see SUI most likely will hit $5.5 easily
I recommend liquidate 50% of your fund at that price then start use a trilling stop under each last new bottom for the rest of the fund
Good luck every one
[SUIUSDT] - Bullish isn't over yet!BINANCE:SUIUSDT Started it's correction after a 350% profit from it's bottom in 24 august.
take care if u are going to open shorts... u must understand that the decline doesn't happen vertically.
it can bounce back from here and test the top again at 2.16 to liquidation all short positions then return to complete its correction
i expect a correction to 1.5$( will happen through 2 weeks) then comes back to 5$
BEST Regards Ceciliones🎯
Sui (SUI): how close is a new ATH?Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.
The token saw a remarkable 100% increase last month, and the rally carried over into October, with SUI coming close to setting a new all-time high on October 7. In addition, SUI drew more attention after surpassing Solana in daily transaction volume, further solidifying its growing presence in the market.
After a market surge over the past few days, the SUI price has experienced a notable drop, slipping by 5.90% to $1.94 at press time. The digital asset, which recently hit a 24-hour low of $1.94 and a high of $2.13, has seen some fluctuations, reflecting a volatile trading day. The Sui price hit an all-time high of $2.18 on March 27, 2024, marking a 10.5% decrease from its peak.
The Sui price is facing resistance around the $2 mark. However, improving market conditions might support a push towards this level soon. If the coin reaches $2.18, it would mark a significant increase of nearly 10% from its current value.
Such a move could bring the cryptocurrency closer to its all-time high (ATH), potentially sparking renewed investor interest.
The current Chaikin Money Flow (CMF) value is 0.01, indicating a neutral market sentiment. It recently showed a bullish trend before flattening out.
While the Sui price has pulled back slightly from its recent highs, the continued growth in transactions and DeFi activity suggests the potential for further gains. With resistance near $2 and increasing interest from key platforms, Sui remains a token to watch, especially if it makes another push toward its all-time high.
SUI - too late for long. Wait for new patternSUI - too late for long. Wait for new pattern
During up trend - best area for long is at VAL or POC
at this moment coin pumped 33% - wait for new opportunity for lONG
SUI near ATHSUI nearly made it to ATH. I know it looks pretty scary to enter long that high, and that makes sense. But I want you to check out SUIBTC chart - imagine that price break above that level - in this case guaranteed target will be around 0.00009 and that makes another 150% from breakout (or ~180% from cmp) 👀
Watch the dips under 1.92 and down to 1.85 - they can be an opportunity to catch that breakout.
SUI - Possible Pullback to $1.20 to $1SUI Network skyrocketed and has recently been the most hyped coin.
In our last update, we anticipated a breakout when it was trading around $1
SUI has just undergone 83 million USD worth of token unlocks.
Technical Outlook:
With CRYPTOCAP:BTC dominance rising as Bitcoin corrects, we expect a broader pullback.
On the weekly timeframe, price has hit a significant resistance level.
4-hour timeframe: There was a strong rejection, and it is now trading around the daily Point of Control (dPOC). If it loses the monthly Point of Control (mPOC) at $1.70, there is a higher chance it will revisit the $1.20 to $1 (breakout area)
SUI Retracement Potential Hey who doesn't like SUI? I am really hopeful for SUI...but It is my prediction that we will see a retrace, in a big way before it moves beyond 2.20. Any info to counter my argument would be appreciated. Thank you.
SUI potential playout !SUI / USDT
massive breakout of downtrend line
When an altcoin shows Such strength very likely to continue
A Potential playout of upward movement to high range of big channel
Best of wishes
#SUI (SHORT) entry range(2.0844- 2.2500) T.(1.1421) SL(2.3300)I will take this risk to short BINANCE:SUIUSDT from this price (2.0844), please do your own plan....
BINANCE:SUIUSDT
entry range (2.0844- 2.2500))
Target1 (1.4590) - Target2 (1.1421)
SL (2.3300)
*** I will take this risk , please do your own plans ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX ****
SUI at Risk: Bearish Momentum and Key Levels to Watch!Yello, Paradisers! Is SUI heading for another leg down, or will it surprise us with a breakout? Here's our take.
💎SUI is showing strong bearish momentum right now as it faces a key supply area. One of the main signals confirming this is the bearish divergence on the RSI indicator, which often indicates a potential price drop. If SUI gets rejected again (as it did previously), there’s a good chance it will revisit the 1.7180 demand zone, possibly giving us a short-term rebound before continuing its downward journey toward the 1.6 support level.
💎This 1.6 area is crucial because a break below this zone would validate a double-top pattern, suggesting a significant bearish move. Should this happen, we could see SUI targeting the Bullish OB at the 1.24 level.
💎However, if SUI breaks out above its All-Time High (ATH) at 2.18 and closes the day above it, this will invalidate the bearish setup. Such a breakout would signal a bullish continuation, and we’d expect prices to push higher. In that case, it would be wise to close any short positions on SUI, as the trend could shift significantly.
Discipline, patience, and strategic positioning are key here.
MyCryptoParadise
iFeel the success🌴
#SUI/USDT#SUI
The price is moving in an ascending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the 100 moving average again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 1.70.
Entry price 1.75.
First target 1.87.
Second target 1.94.
Third target 2.00.
SUI done? or...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Finally have a bit of a break of the HL.
IF it is ready for a Wave 4.
I would really like to see a move down to 1.45 and react before a move back to 2$, to load a long.
Still time to put in a wave B so may not be ready yet.
Trade Safe,
Trade Clarity.
DreamAnalysis | SUI Coin Analysis Key Spot and Futures Triggers📊 Welcome to Today's Analysis!
Today, we're diving into the SUI coin, exploring its potential and sharing key entry and exit triggers for futures trading. Let’s get started!
🚀 Overview of SUI Coin:
The SUI coin operates within the blockchain and DeFi sectors, and it has recently garnered significant hype. This excitement is clearly reflected in its chart, indicating strong market interest.
📈 Daily Timeframe Analysis:
In the daily timeframe, after breaking the trigger at 1.0193, the price has experienced substantial growth and has now reached resistance at 1.8339. Currently, the price is consolidating just below this resistance level.
🔄 Next Steps:
I believe the price will wait for the SMA25 to align with the candles before any momentum enters the market. If it breaks through 1.8339, we could consider both long futures positions and spot purchases.
If momentum doesn’t materialize, the price may correct to the 0.382 Fibonacci level, which coincides with 1.4324, before initiating its next movement. As long as the price maintains higher highs and higher lows in the daily timeframe, I view the trend as bullish and will refrain from selling in the spot market. The most critical support level for SUI is at 0.7562.
🛒 Spot Buying Triggers:
In addition to the 1.8339 trigger, I prefer the more reliable trigger at 2.1325 for spot purchases, while opening a futures position at the first trigger. The RSI entering the overbought zone will provide additional confirmation for both triggers.
⏱️ 4-Hour Timeframe Analysis:
In the 4-hour timeframe, the weakness of the bullish trend is quite evident. After breaking 1.4324, the volume has decreased significantly. Following this, there was a notable rejection at resistance 1.9009, and the price is currently resting after reacting to the 1.6260 range.
⚠️ Short Position Considerations:
Breaking the trigger at 1.9009 is a viable but risky option for a short position. Given the ongoing bullish trend in the daily timeframe, the risk of hitting a stop loss is high. We could consider opening a primary short position after breaking 1.4324. A break below 44.43 in the RSI could confirm the entry of bearish momentum.
🌟 Long Position Opportunities:
For a long position, breaking 1.9009 presents an excellent opportunity. I aim to open a long position after this resistance is broken. The next trigger for a long position is 2.1325, which I believe is more suited for spot trading, as opening a futures position may prove challenging.
🔍 Conclusion:
Stay vigilant with your trading strategies and keep an eye on these key levels as we navigate the market! Happy trading!
⚠️ Disclaimer:
This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Sui price skyrocketed 140% in September: is ATH possible?Sui (SUI) Price, a Layer 1 blockchain token, has seen a significant uptick in market valuation recently. Despite broader market downturns, the SUI price has surged over the past week. This increase positions SUI holders advantageously as optimism in the altcoin sector rises, potentially setting the stage for a robust October rally.
Following the launch of its mainnet, the Sui Foundation introduced the Sui Bridge. This new feature enhances connectivity between the Ethereum and Sui networks by enabling secure asset transfers. This development is anticipated to draw new users and boost liquidity, further propelling Sui’s growth trajectory.
The SUI price has steadily climbed over the past 24 hours, as shown in the chart. At the time of reporting, the SUI price stands at $1.87, marking a 5% increase for the day.
The coin has encountered a notable barrier at the $2 level. Market conditions could soon favor an increase towards this mark. A rise to $2.18 would equal its peak from six months ago on March 27, 2024. Such a development could lead to a nearly 15% increase from its current level.
The Moving Average Convergence Divergence (MACD) indicates a potential shift in momentum. The MACD line converges towards the signal line, suggesting that a bearish crossover might be imminent. This is underscored by the histogram moving into the red zone, a sign that bears may be gaining strength.
Sui’s impressive price surge, growing TVL, and increased investor confidence signals strong potential for further gains. However, technical indicators suggest caution, as market conditions could shift. A move past $2 may set the stage for new highs
