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SUIUSDT trade ideas

Sui (SUI) User Activity Increased Indicating Positive MomentumSui (SUI) SUI continues to show positive momentum, attributed to both the rising trend of BTC and increased user activity on the Sui network. In the past two months, the blockchain's TVL has increased fivefold, currently standing at $140 million. SUI is currently trading within a wide sideways range, with its support zone between $0.48 and $0.52 and resistance range between $0.64 and $0.69. The asset's primary aim is to sustain its growth trajectory and reach new local highs, with upcoming targets for buyers at $0.70 and $0.75. However, in the event of a BTC correction and upcoming large-scale token unlocks, there is a risk that Sui might undergo a substantial drop. If this occurs, the coin's price could potentially fall to $0.43, approaching its historic low range of $0.36 to $0.40, which would be a significant test of the project's stability.
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by DEXWireNews
SUI Surpasses APT in Trading Volume, Gearing Up to Retest $1The two newcomer Layer-1 blockchain networks Sui (SUI) and Aptos (APT) have both embarked on a double-digit bull run this November. The exponential growth of Sui Foundation’s native NYSE:SUI is ignited by the emergence of new decentralized applications on the network. To illustrate the rapid growth of SUI’s DeFi ventures, Bluefin released a decentralized exchange (DEX) on the SUI blockchain last week. Bluefin DEX has introduced several fresh features for crypto traders, including sub-second trades and wallet-less cryptocurrency trading, making DEX trading accessible to a broader audience. Moreover, SUI Layer-1 blockchain technology is now also home to Ribbon Finance’s Aevo decentralized exchange, which offers a wide range of futures trading. Driving demand from long-term investors, SUI’s blockchain topped rival Aptos in trading volume.
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by DEXWireNews
Sui Unlocking Potential: The Perfect Entry Point for Profits 💰**Sui Coin News** * Sui, a new layer-1 blockchain developed by Mysten Labs, recently launched its mainnet. * Sui is designed to be a scalable and secure blockchain for decentralized applications (DApps). * The Sui blockchain uses a novel consensus mechanism called "Narwhal" that is designed to be energy efficient and scalable. * Sui has raised over $300 million in funding from investors such as Andreessen Horowitz and a16z. **Disclaimer** This information is for informational purposes only and should not be considered investment advice. Please do your own research before making any investment decisions. I hope this is helpful. Please let me know if you have any other questions.
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by MoonTradingForecast
SUI/USDT Continue Upward Momentum ?? SUI Analysis Today💎 SUI has unmistakably captured our attention with its impressive rally and successful breakout from the descending channel pattern. Currently, SUI has validated its retest on the trendline of the pattern and notably reclaimed the pivotal support level at $0.419. This particular support zone is a critical juncture for SUI's trajectory. 💎 Maintaining a position above this level could pave the way for continued bullish momentum. The immediate hurdle for SUI is the resistance zone, a barrier that needs to be overcome to sustain the bullish momentum and Probability smoothly transition to the target supply and bearish OB areas. 💎 However, should SUI struggle and fail to breach the resistance, it might retreat to the support zone to gather fresh momentum for another upward push. 💎 In a less favorable development, if SUI retraces to the support zone and cannot uphold its position, leading to a breakdown, a bearish shift could be on the horizon. Under these circumstances, SUI might target the lower demand zone. This area becomes crucial, as SUI would need a significant rebound to reclaim the support level or risk a further slide down to the key support zone, intensifying the bearish outlook.
by MyCryptoParadise_Nathan
2
Sui Buying Frenzy: Seize the Opportunity Now! **Sui Coin Fundamental Analysis** Sui is a next-generation blockchain platform that aims to address the scalability and performance limitations of existing blockchains. It is being developed by Mysten Labs, a research and development team that includes former employees from Facebook, Novi, and Diem. Sui is designed to be a permissionless blockchain that can support a wide range of applications, including decentralized finance (DeFi), gaming, and social networking. It uses a novel consensus mechanism called Narwhal that is designed to be more efficient and scalable than traditional consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS). Sui is still under development, but it has the potential to be a major player in the blockchain space. It is backed by a strong team of developers and investors, and it has a clear roadmap for development. **Recent Sui Coin News** * Sui has announced a new partnership with Move Playground, a platform for developing Move applications. * Sui has released a new version of its testnet, which includes a number of improvements and new features. * Sui has been named one of the top 10 blockchain projects to watch in 2023 by Coindesk. **Disclaimer** This is not financial advice. Please do your own research before investing in any cryptocurrency. **Additional Notes** * Sui is still under development and there is no guarantee that it will be successful. * Sui is a new and untested technology and there are risks associated with investing in it. * Sui is not a security and is not regulated by any government agency. **Please note that I am not a financial advisor and this information should not be considered financial advice. Please do your own research before investing in any cryptocurrency.**
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by MoonTradingForecast
SUI: What to Expect in the Next Few WeeksSUI has been trading in a tight range between $1.06 and $1.33 for the past few weeks. The Relative Strength Index (RSI) is currently in a neutral zone, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is also flat, suggesting that there is no clear trend in the market. The next resistance level for SUI is at $1.33. If the price can break above this level, it could move up to the next resistance level at $1.50. On the other hand, if the price fails to break above $1.33, it could move down to the support level at $1.06. Overall, the technical indicators suggest that the market is currently in a neutral zone. The next few days will be critical in determining the direction of the market. Additional Factors to Consider Before making any investment decisions regarding SUI, there are some additional factors to consider: The Overall Cryptocurrency Market The overall cryptocurrency market is currently in a downtrend. This is something to consider when evaluating the potential for SUI. While SUI may have solid technical indicators, the broader market’s downturn could affect its price. SUI’s Market Capitalization SUI is a relatively new cryptocurrency and has a small market capitalization. This means that it may be subject to higher volatility than more established cryptocurrencies. Investors should consider this when making any decisions regarding SUI.
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by DEXWireNews
SUIUSDT| A coin that is ready to explode into LONG!!!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ The coin is locally in an upward trend, which, in my opinion, can be broken by a fake downward movement, the classic removal of stop loss, in practice this most often happens on altcoins. Deal plan: Entry - $0.4550 Stop - $0.4210 Take - $0.4760, move the stop to the used one and fix part of the profit! Guys, be very careful, the coin may be too volatile at the moment, so be careful.
Long
by DanilBlinkov
SUI/USDT Technical Analysis Chart Overview in Long TermSUI Chart Analysis Overview Strong Returns from Lows SUI currently trades around $0.46, after recently bottoming at $0.3620. This marks a 4.6x increase from its ICO price of $0.10. The all-time high for SUI was $1.60, representing a 16x ROI from the ICO. This shows SUI's ability to post outsized returns during bullish momentum. Attractive Entry Zone Even after the 4x bounce from recent lows, SUI still sits 70% below its all-time high. This suggests the $0.45-$0.40 zone is an attractive area to start scaling into a position. Initial upside targets based on technicals and prior resistance levels are $0.62, $0.97, and $1.42. Preparing for the Next Bull Run If SUI can repeat or exceed its performance from the previous bull market, a rally back to its ATH of $1.60 is reasonable. I also see potential for SUI to reach the $5 level in the next sustained crypto bull run based on its upside history. Managing Risk While the opportunity in SUI appears promising, proper risk management is always essential. Never invest too heavily in one asset. Keep position sizing modest and diversify across a basket of opportunities.
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by CryptoPatel
2
✴️ SUI Profits Made Easy | 135% PotentialGood Saturday my fellow Cryptocurrency trader, I am hoping you are enjoying the full moon lunar eclipse... We will keep this one simple and chart. SUI (SUIUSDT) is moving today above EMA50 after battling this level since June. We can see a triangular bottom pattern coupled with bullish indicators and rising volume... All these signals combine to form a very strong bullish bias. That's it, I just made it simple and easy for you. Bullish confirmation comes when the day, today or any day, closes above EMA50, in this case 0.4473 but this level is always fluctuating. As soon as EMA50 is conquered the doors are open for mid-term growth. Mid-term growth is the potential for the wave but the targets I am showing on the chart are intended for -can be hit- short-term. 👉 Easy 75% followed by 135%. Thank you for reading. Consider giving me a follow to show your support. You are truly appreciated. Namaste.
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by AlanSantana
1
SUI The MonsterThe past 4 months, I've been watching very close a short list of altcoins that I think have indeed huge potential for the moment liquidity returns in this crypto game. SUI - I was thinking initially that it's a great project but gave it time to see what's with the tokenomics. They figured it out somehow and what followed is crazy. Nobody pays attention but their L1 gives me real Solana vibes. Just check their website ( Super professionally and without bugs), nobody complains about network congestions, etc. Only the last month, I've noticed they added 5 new projects on their website. While this crap bear market delivers, this guys are building. Aswell, they implement a bunch of new tech and switched a big part of their focus to AI... When the big boys finally decide it's time, You'll see a minimum x4-x5 pump in a matter of 1-2 weeks. And to be honest, these guys know how to do their marketing, they are just waiting for the proper market conditions. Cons : We can get dumped on for a very long time, till more coins are in circulation. But the project is legit in terms of tech and development. Also, they or their associates, screwed everyone with the bullshark game, by injecting a bunch of bots grinding the rankings. Tp1 : 1.2$ Tp2: 1.8$ Tp.3: 2.2$ and higher. Decide for yourself if you want to grab some SUI or not. I'm just a simple trader, not paid or other crap. BTW, Aptos is the second big future winner. Cheers )
Long
by MrDorea
9