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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
SUIUSDTHello there, *Mars Signals Team wishes you high profits* This is a 4-hour-time frame analysis for SUIUSDT On the top, there is R1 is the resistance area which mentions that the price was not able to rise at different points. And ultimately, S1 is our support area of this chart that obviously contains the support of price variously. As we see in the past, the price trend faced a noticeable rise up to higher amounts and by several rejections and disabilities in order to rise, it could not be supported anymore and continued its falling trend down to areas such as S1. There we had he fluctuation of price in a neutral channel between R1 and S1 and by the last touch at the resistance area, a negative Marubozu Candle was formed and made the price to be unsuccessful at rising again. Hence we have the price fluctuating in a neutral channel between R1 and S1 areas and we should wait for the price to leave this channel and then have a precise prediction via considering the signs and market situation. So we predict the price to receive some support at S1 and by providing us some rising signs, more increase would take place then. Or even by rising over R1 and giving us more fixation there, more rise would definitely happen at that time. Also when the price loses the support and falls below S1, more decline might happen to lower mounts. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you success
by MarsSignals
avaxusdt DailyHi Guys Hope you well, On May 28, the Avax token will be released, and about 3% of the circulating supply, equivalent to 327 million Avax tokens, worth 168 million dollars, will be unlocked. The addition of this volume of tokens to the circulating supply increases the supply and can lead to a drop in the price, In line with this release, K33 Research removed the Avax token from the list of top 30 currencies and announced that this decision was made due to the lack of inflation control of this project. Hi Guys Hope you well, and good weekend. As I show You the chart , It maybe a Wyckoff pattern, be careful for long position ,completely against the trend of bitcoin. SecondChanceCrypto ⏰07/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
1
SasanSeifi 💁‍♂️SUI/USDT 15 MIN ⏭ 1.35 /1.36 HI TRADERS ✌The possible scenario of SUI/USDT is specified. As you can see, the price is currently trading in the 1.30 range.A scenario we can consider is that after a minor correction the price will grow again to the supply area. Keep in mind that maintaining the support range of 1.26 / 1.23 is important for a positive trend ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
by SasanSeifi
SUI VS ARB Hello everyone! Today I did a review of two new and hype coins - SUI and ARB. Both coins were released at almost the same price, and you can see on the chart the coincidence of entering the market, corrections, accumulation and transition. Personally, I see the growth of the SUI coin, especially the sharp growth and transition. Many people already have this coin, so if you are considering it for investment and long-term goals, then it is a very good coin. In the near future, I expect growth for this coin. Wishing you a successful day and profits!
Long
by Du_Trade
2