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SUIUSDT trade ideas

TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel! Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth. 👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move. ⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline. 🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins. 📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH. 🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75. ✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance. 🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected. 📅 Daily Timeframe: Beginning of a Correction? In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern. 📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17. 📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action. 🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial. 📅 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis. 🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines. 🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe. 📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422. 💎 SUI/BTC Pair Analysis The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins. Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
8
SUI/SOL Trendline Breakout with 257% Upside PotentialAfter months of trading within a downtrend, SUI/SOL has broken out above its descending trendline, indicating a potential reversal in trend. Here's a closer look: 1️⃣ Trendline Breakout: The downtrend that began in mid-2023 has now been invalidated by a decisive breakout above the resistance trendline. This breakout is backed by strong price momentum and increasing volume, suggesting growing buyer interest. 2️⃣ Measured Move Target: By measuring the previous swing range, the upside potential targets a move of 257%, as shown in the projection box on the chart. The price could potentially rise to the 0.06 zone, aligning with historical price resistance levels. 3️⃣ Key Resistance Levels: Immediate Resistance: 0.019 (breakout retest area). Major Target Zone: 0.061. Trade Plan: ✅ Entry: Look for a retest of the breakout zone around 0.017 - 0.019 for confirmation. ✅ Stop-Loss: Place stops below the descending trendline 0.015 ✅ Take Profit: Gradually scale out at 0.045 and 0.06. Macro Context 🌏 With positive sentiment building across the crypto markets, SUI could see significant upside compared to other layer 1s like SOL, particularly if it sustains above the breakout zone.
Long
by jjkateam
$BINANCE:SUIUSDT is Skyrocket to $5-$10 in 2025BINANCE:SUIUSDT is Skyrocket to $5-$10 in 2025 SUI Price Prediction: Recovering Losses Currently, SUl is trading at $1.92, below the $2.03 resistance level. For SUI to make any headway toward reaching its previous ATH of $2.36, it must first flip $2.03 into a solid support level. Doing Would signal renewed bullish interest and could attract further buying momentum. If SUI fails to break through the $2.03 barrier, the altcoin wil likely continue consolidating above its $1.69 support. Prolonged consolidation could contribute to market uncertainty as traders remain hesitant to commit fully to SUI. This lack of a clear trend keeps the price in a holding pattern, delaying any significant moves towarda new ATH. The bearish-neutral outlook for SUl will be invalidated if it manages to turn $2.03 into support while broader market conditions turn bullish. Such a shift would boost confidence in SUl's trajectory, potentially reigniting its rally ambitions and setting the stage for a new all-time high.
Long
by SUBROOFFICIAL
#SUI Rising Wedge 📊#SUI Rising Wedge 📉 🧠From a structural point of view, we broke through the staged resistance zone, and the resistance zone turned into a support zone. ➡️From a graphical point of view, a rising wedge was formed near the resistance line, and we generally fell according to this model. ⚠️However, the overall trend belongs to a bullish trend, so shorting is a counter-trend transaction, which requires some conservativeness. After the callback occurs, try to focus on long transactions Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:SUIUSDT
Short
by wolf_king888