Suiusdt
SUI price smashed a new ATHSince the markets recovered after gaining some momentum in recent days, altcoins have gained significant traction. In the meantime, the SUI price attracted a huge buying volume as the trading volume surged by above $3.6 billion. As a result, the price led an impressive 35% rise since the last trading day and smashed a new ATH at $4.86. After achieving fresh highs, the token does not appear to halt its rising trend, as the bulls are eyeing much higher targets well above $5 or $6.
The historical price action of the token suggests a breakout from a huge bullish pattern and as a result, a steep ascending trend could be fast approaching. The token broke out of the double-bottom pattern and after a small retracement, it has begun to swell. The technicals are currently extremely strong, which supports the bullish narrative. Hence the token is believed to maintain a healthy ascending trend as the RSI has made it to the overbought zone. As the levels are not displaying any possibility of a bearish divergence, the SUI price is expected to maintain a healthy upswing.
Besdies, the rising on-balance volume or OBV, supports the bullish narrative, which suggests the rally to be in a progressive stage. The token has already reached the 1.2 FIB at the current highs and the next level to watch is around $5.34, which is at 1.414 FIB. However, the major target remains at around 2 FIB at $2 and securing these levels could attract some bearish action, which may halt the steep ascending trend.
If the market continues to possess strong bullish momentum, then the SUI price rally may revamp a strong rebound and proceed towards the $10 milestone that could be the peak of the prevailing bull run.
A similar behavior Between ID and SUIStructurally these charts are almost identical
- Same low and higher low
-same rounding bottom pattern
Accumulate ID while its price is low.
It will become a trend and the talk of everyone as soon as it breaks the round bottom pattern just like what happend with SUI
Best regards Ceciliones🎯
#SUI. Corrections = Opportunities – Plan Ahead! 11/29/24Local market corrections are inevitable, and they present excellent opportunities to find strong entry points.
After securing 6x returns on #SUI, the euphoria has started to fade, and retail traders are being gradually calmed down, leading to the local pullbacks we’re now seeing for #SUI.
Accumulation on spot and opening swing positions should be considered in the $3.2 - $2.8 range, with an initial target of $4. After that, in my view, the price might dip to the $2.0 - $1.6 range before the true rally begins.
DYOR.
SUI or SOL, $5 or $300? You to Choose!SUI or SOL? WHat to?
As you could see in the previous chart for SUI, DITTO worked as doodled!
SO the Plans of the trade are as such, On days chart, The resistance are at such a juncture point that when short is happened thats the ideal point to buy. But as always, shall it has some power to fuel up, can go to approx 4.75 and then fall, so Ideally if CMP buying targets till 5. My ideal point of buys goes at 3.596 the red lines, so would take a hedged position of long first and short next. Going for BUYS to CMP and would trail SL to COST whenever possible.
What you can do? Take shorts to hold till the point, or wait for it to come to buy
SUI hits a new ATH. Again. With a strong positive breakout from its bullish flag pattern in the daily time frame, the Sui token has achieved a new all-time high of $4.47 with a trading volume of $4.58 billion, a change of +78.77%. This indicates increased bullish sentiment for the altcoin.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram with its averages recording a bullish convergence in the daily time frame. This highlights an increase in the buying sentiment for this altcoin in the crypto market.
On the other hand, the SMA indicator constantly acts as a support to the SUI price chart. Reportedly, this indicates a strong bullish price outlook for the Sui token in the upcoming time.
Maintaining the price above its support level of $4 could set the stage for this altcoin to head toward its $4.75 mark. Moreover, if the bullish sentiment intensifies, this could push the price toward its higher price target of $5.5 this month.
However, if a bearish reversal occurs, the Sui crypto price may retest its support level of $4.00. Furthermore, if the bearish momentum intensifies, this could pull the price of this altcoin toward its lower support trendline of $3.250.
SUIUSDT jump
📈 SUIUSDT Trend Analysis 🚀
Looks like SUI just broke through a major resistance level at $1.9740! 🔥 This breakout could signal a bullish continuation 📈, especially if it holds above this level. The next profit targets are marked around $4.4444 and $7.7002 💰 – good spots for traders to consider locking in profits.
📝 Key Tips:
Follow the trend as long as support holds.
Stick to money management rules to protect your gains 🛡️.
Let’s see if SUI can reach those higher levels! 🤑💪
SUI TARGETS ALL TIME HIGHS - SUI NETWORK LONG IDEAThe price ran the daily swing liquidity but failed to close below, showing a strong rejection after the liquidity grab. It created a 4H demand zone, and the price tested this zone with another strong rejection. Recently, we broke the bearish trendline, followed by a retest.
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)
Sui hits $4 ATH. What's next?Sui has been gaining significant attention from investors. Riding the wave of Bitcoin’s new all-time high, Sui also reached record levels. Since the U.S. election, the altcoin has surged by an impressive 118%, setting a new all-time high.
Sui has delivered remarkable returns of 760% since August, placing it among this year’s best-performing altcoins. Over the past month, it has traded within a tight range of $1.84 to $2.37. However, during the U.S. election, Sui broke out, climbing alongside Bitcoin and other altcoins. A few hours ago, it reached a new peak of $4.04.
Despite this milestone, Sui’s momentum has slowed, with minimal price changes since. On the daily chart, the Relative Strength Index (RSI) is at 74.32, suggesting bullish sentiment. Similarly, the Average Directional Index (ADX) has climbed to 23.28, indicating the potential for further gains.
While technical indicators remain positive, the trading volume tells a different story. Daily volume has fallen by 13.27% compared to the previous 24 hours. Despite this, Sui’s price has risen by 2.39% and is currently trading at $3.84.
Sui has been a top performer this year, delivering exceptional returns. However, with investors beginning to take profits, selling pressure may lead to a correction. Key support levels to watch are $3.19 and $2.90, with stronger support at $2.30 if the decline intensifies.
On the other hand, if Bitcoin continues its rally and draws more buyers into the market, Sui could defy expectations and surpass its recent all-time high.
$SUI Breakout: Bullish Rally in Sight!CRYPTOCAP:SUI Breakout of this symmetrical triangle pattern, confirming bullish momentum!
📈 Entry: Accumulate above $3.80
🎯 Targets:
Midterm: $5.00 (30% upside)
Long-term: $6.25 (60% upside)
🛡️ Stop-loss: $3.45
Available for both spot and futures trading. A confirmed breakout indicates the potential for a strong rally ahead. Use proper risk management!
ABOUT CRYPTOCAP:SUI
CRYPTOCAP:SUI is a next-gen blockchain designed for high-speed transactions and scalability, catering to decentralized applications and new-age financial systems.
About SUI:
Sui is a next-generation blockchain designed for high-speed transactions and scalability, catering to decentralized applications and modern financial systems.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk; conduct your own research (DYOR) and consult with a financial advisor before making investment decisions.
#Crypto #Altcoins #SUI
SUIUSDT | Bull Flag Confirming Uptrend ? Overview
SUIUSDT is currently showing a strong Bull Flag pattern on the daily chart (1D), which often acts as a continuation signal in an uptrend. After a powerful rally, the price is consolidating within a narrow descending channel (highlighted in yellow), preparing for a potential breakout.
Key Levels
Support Levels:
100% Fibonacci (2.2884): Critical support to maintain the uptrend.
88.6% Fibonacci (2.0758): Secondary support zone if price retraces deeper.
Resistance Levels:
Target for Bull Flag Breakout: 4.5996.
161.8% Fibonacci (3.4087): Intermediate target on the way to the Bull Flag breakout target.
200% Fibonacci (4.1043): Another key resistance before reaching the final target.
Bull Flag Setup
Pattern: The current consolidation (highlighted in yellow) forms a textbook Bull Flag.
Breakout Potential: A breakout above the flag’s upper boundary signals a continuation of the uptrend. Target levels align with Fibonacci extensions, with the ultimate target at 4.5996.
Volume: Watch for increased buying volume on the breakout to confirm the move.
Scenario Analysis
Bullish Case:
If the price breaks the upper trendline of the flag and holds above, the next targets are:
3.4087 (161.8% Fibonacci) as the first intermediate target.
4.1043 (200% Fibonacci) as a secondary resistance.
4.5996 as the projected breakout target.
Bearish Case:
If the price fails to hold above 2.2884, the uptrend may weaken, and a deeper retracement toward 2.0758 could occur.
Trading Plan
Entry: Break and close above the Bull Flag with volume confirmation.
Stop Loss: Below the lower boundary of the flag or 2.2884 (100% Fib).
Target 1: 3.4087 (161.8% Fib).
Target 2: 4.1043 (200% Fib).
Final Target: 4.5996.
📌 Disclaimer: This analysis is for educational purposes only. Always manage your risk and conduct your own research before trading.
$SUI Set for Shallow Retrace – Targeting $15CRYPTOCAP:SUI ( BINANCE:SUIUSDT ) Update:
I’m expecting a retrace on this one. If it starts trading below $2.65, that’s my first level of interest, with a potential drop down to $2.34 if it gets there.
I expect the retrace to be shallow, rather than the usual 50% pullbacks.
Long-term, I’m aiming for double digits, with a target closer to $15.
SUI / USDT: bouncing back from support and eyeing a breakout abvSUI/USDT: Bouncing Back from Support and Eyeing a Breakout Above Trendline Resistance
SUI/USDT is showing bullish momentum 📈 as it rebounds from a key support zone and approaches a significant trendline resistance 📊. The setup is ripe for a potential breakout 💥 that could trigger a powerful upward rally 🚀. Stay alert and wait for confirmation before taking action.
Key Insights:
1. Support bounce: SUI/USDT has bounced back strongly from a critical support zone, indicating renewed buyer interest and a potential shift in momentum.
2. Trendline resistance: The pair is nearing a long-standing trendline that has capped previous rallies. A break above this resistance could open the doors for a sustained bullish move 🔥.
3. Bullish indicators: Momentum indicators like RSI and MACD are turning positive ⚡, signaling growing strength in the market.
Steps to Confirm the Breakout:
Candle confirmation: Wait for a clear 4H or daily candle close above the trendline 📍.
Volume surge: A noticeable spike in trading volume during the breakout adds confidence to the bullish scenario 📊.
Retest confirmation: Watch for the trendline resistance to flip into a support zone during a successful retest ✅.
Beware of fakeouts: Avoid entering on sharp wicks or sudden reversals above the trendline ⚠️.
Potential Targets (Post-Breakout):
Initial resistance:
Next target:
Risk Management Strategies:
Set stop-loss orders: Protect your capital by placing stop-losses below key levels 🔒.
Position sizing: Ensure your trade size fits your overall risk tolerance and strategy 🎯.
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.