#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.7900 from which the price rebounded
Entry price 0.8200
First target 0.8810
Second target 0.9330
Third target 0.9995
SUIUST trade ideas
Suiusdt potential 5x incomingSUIUSDT is showing a potential cup and handle formation, indicating a bullish outlook. The cup phase has completed, and the handle is currently forming, expected to end around the accumulation zone. The target price, derived from the pattern, suggests significant upside potential upon a breakout.
A crucial stop loss level is identified below the accumulation zone to manage risk; if the price drops below this, the pattern may fail. Key levels to watch are the support at the handle's lower boundary and resistance at the upper boundary.
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859
🟢 Key Points:
Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest.
Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments.
Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term (CoinGape) (TradingView).
🔄 Potential Scenario:
After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels (CoinGape) (World Coin Index).
💡 Conclusion:
With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
SUI Aims Higher!!Bullish move up from holding the VAL. A few demand zones shown below where a nice bounce can happen. The daily level above and golden pocket would be the target.
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SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859
🟢 Key Points:
Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest.
Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments.
Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term (CoinGape) (TradingView).
🔄 Potential Scenario:
After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels (CoinGape) (World Coin Index).
💡 Conclusion:
With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
SUI ANALYSISAfter a bearish trend with a strong move, a bullish iCH has formed on the chart.
It is expected that after sweeping the high liquidity pool and hitting the Supply, it will return to the Demand side and then move to the specified tarps.
Therefore, we are looking for sell/short positions in the Supply range and Buy/Long positions in the Demand range.
Closing a daily candle above Supply or below Demand will violate our view on the SUI.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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#5 alt coin to the bag is SUI, Sui looks like SOLANA in 2020SUI is a coin i started to look closer on after i saw sky high development on the project a couple of months a go on sentiment.io (showing the deveompent activity last 30 days)
In other words, people are working on this projects!
After looking into the chart i also immedietly saw simmilarities from the fall SOLANA had back in 2020 before going on a major RUN.
I DONT SAY SUI IS GOING TO TO DO THE SAME, BUT IT LOOKS THE SAME.
Lets keep an eye on Sui as we Progress from here. *
TO ADD, Celestia also have the same pattern, both SUI and Celestia is added to the bag
Suinami to be fullfiledSui has shown some strength in last days, nothing unusual for the best blockchain ever made!
Currently we have a pretty obvious trend change from bearish to bullish, sui is frontrunning other solid altcoins that will pump too. Also, we can see that right now it is retesting this pivot zone and volume is very low on this slow bleed, basically late longers are being wiped out before next leg. For a first take profit I would target the sweep on equal lows where most of liquidity sits...
Trade Setup: SUI Long PositionMarket Context:
SUI is currently trading at a key support level around $0.90, presenting a potential opportunity for a long spot trade. This level has shown strength in holding the price, making it an ideal entry point.
Trade Setup:
Entry: Enter a long spot trade at the current $0.90 level of support.
Take Profit:
First target: $0.99 - $1.03
Second target: $1.12 - $1.17
Stop Loss: Place the stop loss just below $0.86.
📊 Keep an eye on market conditions and adjust your strategy as needed! #SUI #CryptoTrading #SupportTrade 🎯
SUI the next SOL?Today, SUI is stirring Crypto Twitter, the most talked-about token.
On the daily, SUI has reached its resistance so we can expect a slight cooldown from this level
On the 4-hour timeframe, it's starting to look very interesting as 4hema50 already crossed above 4hema200
$1 is proved to be a strong resistance (psychological number) , however, would view 0.90 to 0.86 area as good area to bid (poc)
However, we can also deviate to .82 to .80 taking those excess (poor lows & single prints)
Token unlocks coming in 19 days, 26% of the total supply is currently circulating. Still 74% of the supply still has to come to market. Let's see how this event will affect the price.
Exciting to see all the buzz and potential developments for SUI Network!
SUI - Strong upward momentum +300% Profit Target#SUI/USDT #Analysis
Description
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+ SUI had a strong reversal after hitting the trendline support, This strong reversal is showing overall healthy recovery for the SUI price.
+ i'm expecting this momentum to continue and hit the resistance trend line with the price target of $4
+ This is a weekly chart analysis, it will take few months to reach our target.
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VectorAlgo Trade Details
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Entry Price: 0.95
Stop Loss: 0.44
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Target 1: 1.2328
Target 2: 1.5592
Target 3: 2.1871
Target 4: 3.0679
Target 5: 4.0058
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
SUI, time for confirming the reversal uptrend?The SUI/USDT chart on a 4-hour timeframe has shown a clear downtrend within a descending channel, with consistent lower highs and lower lows since mid-April. Recently, a breakout from this downtrend occurred, leading to a sharp reversal in price action. The false breakout highlighted before the uptrend suggests potential volatility. The price is currently testing the previous resistance around $1.05. If the uptrend sustains, a potential target could be around $2.17, representing a possible 106% gain from the breakout point. However, traders should remain cautious of a potential pullback to retest lower support levels.