Up 46% Since Last Entry. What's next?
🔥📊 SUI Surges 47% Since September - Is $3 Next? 💥
Since my last post on September 19th, SUI has soared by 47%, moving from $1.31 to the current $1.88. We’re now approaching the first major resistance at $2.03, where I'll be considering taking some profits. However, the next big target is at $3.02.
For more details on mid-term targets, be sure to check out my previous chart linked below. As always, October tends to be a historically strong month for the markets, so this momentum could continue.
Stay sharp, and let’s make the most of it!
One Love,
The FXPROFESSOR 💙
Main chart and levels:
Suiusdt
SUI breaks out with 132% volume surge: is a bull run ahead?Sui (SUI) is capturing the market’s attention with its recent price movement and increased trading volume. Many traders and analysts are wondering whether this momentum could signal the start of a sustained uptrend.
Therefore, it’s essential to examine key market metrics to understand the full picture.
At press time, SUI was trading at $1.73, reflecting a 2.98% increase over the past 24 hours. This steady rise signals growing confidence among investors.
Furthermore, Sui continues to test important resistance levels, which highlights the bullish sentiment surrounding the token.
The widening Bollinger bands between $1.40 and $1.97 suggest that volatility is increasing. In addition, the RSI stands at 78.02, deep in overbought territory, indicating robust buying pressure.
However, traders should remain cautious, as overbought conditions sometimes signal a potential short-term pullback.
Moreover, the surge in SUI’s trading volume is undeniable. With a massive 132.55% increase, the volume now sits at $2.71 billion. This significant rise underscores growing interest in the token across both spot and derivatives markets.
Historically, such volume spikes have preceded sharp price movements, and therefore, this increase could propel Sui’s price even higher in the coming days.
Given the current market conditions—rising price, surging volume, and increasing social dominance—SUI appears poised for continued growth.
While short-term pullbacks may occur, the data overwhelmingly supports the likelihood of a new uptrend. However, traders should stay vigilant as markets can shift quickly.
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame and is sticking to it very well and is about to break upwards
We have a bounce from the lower limit of the channel at 1.690
We have a downtrend on the RSI indicator about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.727
First target 1.800
Second target 1.862
Third target 1.936
SUI: Steady or sleepy?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Followed the count up and hit the target box.
Now
Support Zones:
$1.450: Immediate support level if the price pulls back.
$1.161: A deeper support level, which coincides with significant previous price action.
Elliott Wave Structure: The chart shows a potential completing wave 3, and a potential corrective wave 4 before possibly moving into wave 5, which might bring a new high.
Outlook: The overall trend is bullish but it is getting extended.
Breaking the higher low pattern may be the signal a correction at the larger degree is coming.
Trade Safe.
Trade Clarity.
#SUI (SPOT) entry ( ,82- ,94 ) T. (1.4590) SL (0.7415)
entry range ( ,82- ,94 )
Target (1.4590)
SL .4H close below (0.7415)
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**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI ****
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BINANCE:SUIUSDT
SUI's Impressive Performance
SUI started its upward trend when it broke through a 5.5-month downtrend shortly after its first listing times.
Now, by breaking through another 5-month downtrend between April and August, it has initiated a new uptrend. In just 2 months, it has quadrupled in price, capturing the market's attention.
After breaking the resistance of the blue downtrend, the price retested this level for two weeks and then continued upward. This indicates a healthy price movement.
The next significant resistance level seems to be around $1.86 - $1.95. If SUI can successfully maintain its price above this level, we can expect a positive short-term view.
In case of a potential pullback, we can use the orange uptrend channel as a reference. This is a healthy structure that has been in place since SUI's bottom. I believe it will provide good support during any retracements. It's upper line shows anout $1.4 nowadays.
SUI - Breakout imminent or back to support?Let's talk about SUI; at this moment, it could be the new narrative of smart contracts. It has all the cards on the table to steal the throne from Solana as the new project of the moment. All the factors are in place for this to happen: extremely fast transactions, high trading volume, excellent on-chain volumes, and a constantly growing ecosystem. Aside from fundamental analysis, it has proven to be stronger than its other rivals recently, and the resistance and support levels are very clear. Personally, I would like to buy around $0.4, but if I don't have the opportunity, I will wait for the breakout/retest. In my opinion, it is not the right time to open positions; I am observing for now.
Sui (SUI) scores 11% growth in the last 24 hours: analysisWith a bullish recovery rally gaining momentum, the SUI token price shows an exponential rise. Over the past 24 days, it has increased by 135%, with a streak of massive bullish engulfing candles.
Currently, it is challenging the 78.60% Fibonacci level at $1.74. With a golden crossover in the daily chart, the RSI line is trading high in the overbought zone.
Based on the Fibonacci level, the next target for this rising altcoin stands at $2.00, with the upside potential to the $3.00 resistance level at $1.618 Fibonacci level.
DO NOT MISS SUI RUN NYSE:SUI has finally woke up, for those who missed the breakout, you can hopefully get a pullback in this area to ride the trend towards 2.15 this trade opportunity is a -40% risk for a potential +90%
If you are not comfortable to swing-trade this is not for you, just take go scalp instead of locking money in this trade which may take several weeks. Follow me for more updates!
Sui (SUI): are we seeing 5$ growth?As the bull run in the crypto market gains momentum, the SUI price skyrockets at a breakneck speed. With a streak of bullish candles, the uptrend in SUI is challenging a resistance trendline near the initial price of $1.6785.
Will a new breakout run surpass the 78.60% Fibonacci level to hit the $5 psychological mark in October?
With a rounding bottom reversal in the weekly chart, the SUI price reveals a trend reversal rally. As the altcoin exceeds more than 100% returns in the last three weeks, the uptrend in SUI surpasses the $1.50 psychological mark.
The rounding bottom reversal teases a double bottom pattern with a neckline near $1.67. Further, the all-time high of $2.18 remains a high supply zone, and a breakout above this will boost the bull run.
Currently, the SUI price is trading at $1.55 with an intraday drop of 2.04%, concluding the bullish streak. Trading at just a 30% discount from its all-time high, the bull run shows potential for a new all-time high.
With the bullish trend reversal rally gaining momentum, the SUI price is likely to complete a double-bottom reversal beyond the 78.60% Fibonacci level at $1.7712.
Based on the Fibonacci levels, the uptrend in the SUI price is likely to target the $3 and $5 psychological mark. Further, the bull run history of the crypto market in October bolsters the chances of hitting the target.
On the flip side, the support levels for SUI are present at $1.50 and $1.33.
SUI/USDT Technical Analysis, 154% Potential surge in few weeks.SUI is showing strength as it approaches a critical resistance level. A confirmed breakout could push SUI into a price discovery phase, opening up the potential for significant gains.
Current Price: Around $1.02
Optimal Entry Zone: $0.75 to $1.00
Target: $2.58 (154% potential gain)
Resistance: A breakout above this level could unlock major upside potential
Lower Support: Strong support around $0.50
Two Potential Scenarios:
Scenario 1: A breakout and daily close above $1.10 will trigger a strong buy signal.
Scenario 2: A retest of the lower level between $0.75 to $0.95 offers an opportunity to accumulate.
Strategy:
To maximize gains while minimizing FOMO, consider buying 30% at the current price (CMP) and adding the remaining 70% if either of these scenarios plays out. This way, you’re positioned for profit regardless of the market's direction.
A breakout above this key resistance could see SUI reaching new highs.
This is a setup worth watching, especially for those looking to accumulate on retests.
Please keep it on your radar!
Not financial advice. DYOR!
Want more setups for spot and futures? Follow me and like this post!
Thank you
#PEACE
SUI: Gearing up for 150% Gain!#SUI has broken above the yellow dotted resistance trendline and is likely to continue its bullish rally. The price has shown a decent rebound, forming a support trendline, and is aiming to reach the upper resistance trendline.
Trade setup:
Entry 1: CMP
Entry 2: $0.54-$0.62
Targets: T1 $1.34, T2 $1.85, T3 $2.57
Trade type: Spot
Note: Accumulate on dips and always invest wisely. Do your own research and analysis before investing your hard-earned money.
Regards,
Team Dexter
#SUI #Crypto
SUI-eat impulse!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Testing a larger flipped level here so holding above this level (1.45) would be ideal. For the Elliott wave, it has not yet reached a most likely target for a wave 3, so it is still in ZigZag territory. A push up to that level and I would look back to (1.45) to plays as support for the wave 4.
Trade Safe,
Trade Clarity.
SUI may see a new ATH in the nearest future: analysisIn the last 24 hours, Sui (SUI) has demonstrated a strong upward movement, catching the attention of analysts and traders alike.
Meanwhile, market analysts are increasingly optimistic about SUI’s price movement, with predictions of a new all-time high in sight. One prominent voice, Bluntz Capital, projects that the token could reach a price of $2.60 shortly. According to his analysis, the altcoin recently broke out of a significant 105-day downtrend, experiencing a 237.5% increase in value from $0.40 to $1.35.
Bluntz highlighted that the token’s breakout has been accompanied by rising trading volume, signaling strong market interest and investor confidence. Furthermore, the token has surpassed key resistance levels without significant retracements, reinforcing the view that it could continue its upward trend.
While the bullish sentiment around the token is clear, the token must break through key resistance levels to maintain its upward trajectory. Namely, one of them – $1.44 – has been overcome, meaning that the $2.18 can be the next point for SUI if the momentum is kept.
By contrast, it could face a short-term pullback to the $1.20 level. If the downward pressure continues, the token could revisit the $1.00 mark, a key support area around the 50% Fibonacci retracement level.
Sui's fundamental growth is seeing price surgeThe Sui chain is trying to enter BIG4 category
Since October last year its been clear that the BIG3 are Eth, Sol and BSC. BSC has been losing market share since 2021 but is still dominant to second tier chains.
Out of the second tier chains Sui has been growing. Now competitive with only Avax.. Sui is trying to make its way into becoming apart of the BIG4 if not replace BSC in the BIG3.
Sui has seen a price surge off the back of this
As Sui grows and expands into things like USDC integration.. the price will likely align. We are enter a stage of value investing within crypto which shows the development within the space. Sui is proving itself as one to keep an eye on in that regard.
Long SUI/USDT D1 (x3-x5 potential)Long SUI/USDT. TF D1. Right ticker + right timing.
x3-x5 probably.
Entry - current price level
Target - $2 (x4)
Stop - below PoC level (0.43) with confirmation on D1.
Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar:
1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of locked-in traders/hodlers.
2/ Around 250ml of investments from top-tier VCs (both SUI and APTOS).
3/ APT/USDT made around x5 in January, 2023 right after 4-month post-ICO bleeding period. (According to PA, it was rather possible to take x4 on APT/USDT within 1 month):
4/ SUI is currently at the end of this bleeding.
TA:
1/ Buying volume appeared (green encircled zone) + rising PA.
2/ MA squeeze (EMA 21 and EMA 55)
3/ trending RSI
4/ Price is consolidating above PoC and EMA21 and preparing to make a strong move upwards.
Is the upward trend of SUI continuing?As can be seen on the chart, the pair is now engaged with the important resistance of the $1.2 area. If the pair crosses this important resistance area and stabilizes above this area, we expect it to move towards its next target at the price of $1.95.
By examining the chart on the daily time frame, we can identify some important support and resistance areas for SUI, that the price can react to. These areas are:
First Support $0.7777
Second Support $0.4747 - $0.54
Resistance area at $1.21 (price is now involved)
Target and resistance range located at $1.95
Do you think this upward trend continues?
SUI NEW UPDATE (4H)This analysis is an update of the analysis that you see at the bottom, in the "Related Ideas" section.
The momentum of the fall has decreased and we have signs that the SW has formed. Therefore, we will look for buy/long positions above SW L.
The purpose of this correction was time, not price.
We are looking for buy/long positions in the green range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Phemex Analysis #22: SUI _ A Tale of Potential and Uncertainty!PHEMEX:SUIUSDT.P , the Layer 1 blockchain backed by industry giants like a16z and Samsung Next, has emerged as a promising contender in the cryptocurrency landscape. With its impressive speed and efficiency, SUI offers a compelling alternative to established platforms like Ethereum and Solana.
Price Structure
The token's journey has been marked by both highs and lows. From its initial launch price of $1.4038 in April 2023 to its all-time high of $2.1841 in March 2024, SUI has demonstrated significant growth potential. However, the cryptocurrency market's volatile nature has also seen SUI experience downturns, with its recent low reaching $0.4631 in August 2024.
As we analyze SUI's price structure, it becomes evident that certain levels act as pivotal points. The initial support level at $1.00 serves as a crucial barrier to prevent further declines. If SUI were to break below this level, it could signal a potential downward trend reversal. On the other hand, the initial resistance level at $1.43 represents a hurdle that, if breached, could indicate a bullish uptrend.
Intermediate support and resistance levels at $0.86, $0.78, $1.72, and $2.00 provide additional insights into potential price movements. These levels can act as temporary points of support or resistance, influencing the token's short-term trajectory.
Possible Scenarios:
Given SUI's strong backing and technical capabilities, it is reasonable to anticipate a potential upward trend. However, the cryptocurrency market is subject to various factors, including broader economic conditions, regulatory developments, and market sentiment. Therefore, it is essential to approach investments in SUI with caution and consider both potential gains and risks.
1. Upward Trend Continuation: If SUI consistently breaks above resistance levels, accompanied by increasing trading volume and positive technical indicators, it could signal a continuation of the upward trend. Investors might consider buying SUI near the intermediate support levels or after a pullback from the initial resistance level.
2. Downward Trend Reversal : If SUI breaks below support levels, with decreasing trading volume and negative technical indicators, it could indicate a potential downward trend reversal. Investors might consider shorting SUI near the intermediate resistance levels or after a breakout below the initial support level.
Conclusion
SUI, with its strong backing and promising technical capabilities, presents an intriguing opportunity for investors. While its future price movement is influenced by various factors, including market sentiment and overall economic conditions, the potential for significant growth remains. However, it is crucial to approach investments in SUI with a cautious and informed mindset, considering both the potential rewards and risks involved.
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.
SUI, the poseidon of the seas SUI, SUI, it falls like a water-fall and trend up like a tsunami.
Breakout successful of the recent downtrend from $2
Aggressive recovery after an 80% drop
If we break $1.17 we should be looking north of $2.5 somewhere close to or $3
Will the earthquake break $1.17 and a tsunami induces taking us to $3 ? let's see !
Team behind = Ex meta engineers
Tokenomics are not the best but we can live with that
22 million holder !
Solid project with potential
See you up there, somewhere !
"That's it, that's the idea" - Good night !
Sui (SUI) may be poised for long-term gainsIn a recent update, the Circle is announcing native USDC on SUI, which has kept up the bullish momentum. Moreover, yet another big announcement is expected to happen shortly, which may bring a huge retail brand onto the platform. The SUI price has risen back into a technical HTF uptrend again, forming consecutive higher highs and lows while the key level has been taken out already. Hence, the price is expected to surprise many in the next few weeks or months.
The latest upswing has triggered a breakout from the descending parallel channel and the bulls are successfully holding the rally above the gains. The price has failed to break the crucial resistance at the 200-day MA at $1.099 over the past couple of days. However, after testing multiple times, the resistance could have become slightly brittle. As the volume has gained some momentum, the bullish continuation appears to be imminent. Moreover, the DMI is approaching a bullish crossover as the ADX initiates a bullish rebound.
Therefore, the price remains consolidated for a while, which may bring the +Di & -Di closer to each other for a bullish crossover. Once this move materializes, the SUI price rally may gear up and secure a rise above $1.5, confirming a rise in bullish dominance. The current trade setup does not show a bearish possibility and if it occurs, the resistance of the channel may offer strong support & push prices towards $2.