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SUI / TetherUS PERPETUAL CONTRACT

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SUIUSDT.P trade ideas

$SUI Breaks Out of its Bull Flag! SUI NYSE:SUI (Sui) is forming a bull flag pattern on the 12H chart, which is typically a bullish continuation pattern. A breakout above the flag could indicate significant upward momentum. 📈 Entry Point: $1.0200 to $1.0400 🎯 Targets: $1.2000 $1.4000 $1.5000 🔄 Trading Options: SUI NYSE:SUI is available for trading on multiple exchanges. Consider setting a stop-loss at $0.9500 or if the price falls back into the flag pattern. 📊 About NYSE:SUI : Sui is a decentralized platform built for scalability and low latency. It aims to drive Web3 innovation with faster transaction speeds and lower fees. 📢 DYOR, NFA #Crypto
Long
by CRYPTOMOJO_TA
SUI price smashes through $1 with 18% daily growthOver the last week, despite the increased volatility in Bitcoin and Ethereum before the CPI data release, SUI maintained a bullish trend. SUI price upheld a 15% rise then to rank among the top weekly performers. Will the new recovery run and the price jump above $1 result in a new 52-week high for SUI this season? Let’s find out. As the broader market sentiments are improving, the bull run in the SUI token price is expected to gain momentum. With the bullish narrative of SUI, the crypto analyst BMOON tweets about the upcoming rally with a potential target of $3.6. Reflecting a positive channel in a weekly time frame, BMOON expects the bull cycle in SUI price within the channel to hit $3.6552. Adding credibility to the project, Grayscale’s new Trust adds credibility to SUI, reinforcing positive market sentiment. Currently, it has reclaimed the psychological mark of $1 and is trading with a 14.48% jump in the past 24 hours. With the recovery rally in motion, the past seven days for SUI price have been profitable, with a surge of 26.17%. As per our technical analysis, the Logarithmic daily chart reveals a bullish cycle from the 23.60% Fibonacci level. The recovery run gains momentum as the retest of the falling channel breakout reveals massive demand at lower levels. The bull cycle is now accounting for a price jump of 36.25% in the last ten days. With this, the SUI price is now challenging the crucial resistance of 50% Fibonacci level at $1.0541. With a bullish engulfing candle of 11.4% intraday jump completing a morning star pattern, the sentiments are improving. Hence, the chances of a bullish breakout rally in SUI prices are significantly increasing. In the near term, before SUI reaches BMOON’s expected $3.65 target, the near-term resistances are at 61.80% and 78.60% levels at $1.23 and $1.55, respectively.
Long
by paul_endeo
1
SUI: Weak MomentumSUI is trading near $0.9138, after a pullback from a high of $0.9865. The price is testing support near the lower Bollinger Band ($0.9023), following a cooldown after the recent spike in activity. Sui recorded 41 million transactions in 24 hours, surpassing Solana, showcasing growing interest and network utility. Bollinger Bands and Price Compression The Bollinger Bands are tightening, with the basis at $0.9339 and the upper band at $0.9655, signaling reduced volatility. A break below the lower band ($0.9022) could trigger further declines, while a reclaim of $0.9339 might lead to a recovery. RSI and Stochastic: Oversold Conditions The RSI is at 41.69, showing weak momentum, but the Stochastic Oscillator is deep in oversold territory, suggesting a potential short-term bounce if buyers return. MACD Bearish, But Flattening The MACD histogram (-0.0029) remains negative, but the lines are converging, indicating that bearish momentum might be weakening. A bullish crossover could signal a reversal, especially with ongoing positive developments, including recent institutional inflows and network upgrades. On-Balance Volume (OBV) Decline The OBV has dropped by -97.42M, indicating sustained selling pressure. However, the Sui blockchain has seen $310 million in inflows recently, suggesting a longer-term bullish outlook. Support and Resistance Levels Support: $0.9023 (Lower BB), $0.8800 (psychological level) Resistance: $0.9339 (BB Basis), $0.9655 (Upper BB) Short-Term Outlook SUI is at a critical point near support. If $0.9022 breaks, further downside toward $0.8800 could unfold. However, with oversold conditions, a short-term bounce is possible, especially with Sui’s role as the official partner of Korea Blockchain Week, boosting its visibility and adoption. Watch for a move above $0.9339 as a sign of recovery.
by MonoCoinSignal
Will SUI Finally Break Out or Is Another Downside Coming?Yello, Paradisers! Are we on the verge of a bullish breakout or just another fakeout for #SUIUSDT? Let’s dive into the key levels that will decide where this one’s heading next! 👀 💎#SUI has been trending inside a descending channel, which usually signals bearish momentum. However, there's an intriguing shift happening—the price is forming a rounded bottom, suggesting we could be on the cusp of a trend reversal. 💎Currently, SUIUSDT faces crucial resistance between $0.842 and $0.856. This zone is pivotal for bulls to break through if they want to fuel a larger bullish move. If the price successfully clears the $0.856 mark, we could see SUI push toward the minor resistance at $0.927, with the next key target between $0.96 and $1. This region poses significant resistance and could trigger heavy profit-taking, possibly halting further upside momentum. 💎On the downside, SUIUSDT has been highly reactive to the EMA-50, which is holding as primary support around $0.817. Below that, we see additional minor support at $0.76, which could limit any deeper declines if the bears regain control. Paradisers, strive for consistency, not quick profits. Make sure to remain patient and wait for the best, high-probability setups to emerge before taking action. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
SUI - Bullish times ahead? SUI has been seeing very bullish action as of late. On the very long timeframe SUI has formed a possible double bottom with an almost full retrace of the last wave up. Creating a possible Low, Higher High and Higher Low structure on a macro-level (see pic1). When we zoom into the current view, we are holding the range after forming the first higher high on the daily timeframe in weeks. Right now, we are consolidating and probably creating a W-structure with a first broad target between 1.20-1.40$ after price successfully breaks the 1.12$ price (see pic2). Finally, SUI’s price is also moving within a downward parallel channel after a major pump, meaning this can be considered a Bull Flag (Bullish) (see pic3). P.S. This is my first post to try things out, sorry if it is still a bit rough around the edges. Zeddit
Long
by zeddit
3
BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP: 1) POPCAT COINEX:POPCATUSDT Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low. 2) SUI BYBIT:SUIUSDT Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely. Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone. 3) LINK BINANCE:LINKUSDT Chainlink is an old-timer, and a safe bet for the next bullish impulse wave. 4) RUNE BINANCE:RUNEUSDT Another top-pick for 2024. I' be happy to buy anywhere between these two zones: 5) RNDR BINANCE:RENDERUSDT I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones 6) DOGE BINANCE:DOGEUSDT An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones: 7) FTM BINANCE:FTMUSDT My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon 8) NEAR BINANCE:NEARUSDT I'd be happy to buy anywhere between these two zones: There are MANY more, but for the sake of time and space... let's get started with these! _____________________________________________
Long
by CryptoCheck-
Trade Setup: SUI Long Position (Support Breakout) Market Context: SUI has broken above the prior support level from August and is showing strength by not fully retracing. This breakout provides a promising opportunity for a long trade. Trade Setup: Entry: Long spot position around $0.79. Take Profit: First target: $0.88 Second target: $1.00 Final target: $1.155 Stop Loss: $0.71 📊 This setup capitalizes on the breakout, with multiple profit targets to capture gains, and a stop loss to manage downside risk. #SUI #CryptoTrading #Breakout
Long
by Richtv_official
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap - According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area. - Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed. - But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel. - Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap. 💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Short
by alikze