SUI seems overheated, and a correction is just beginning.While this coin has the potential to surprise—thanks to strong backing from major VCs and quality market makers—it appears too overheated to sustain further growth without a correction.
In fact, the correction has already begun, as indicated by the **bearish MACD EMA crossover**.
- The **RSI also shows a significant bearish divergence**, reinforcing the likelihood of a pullback.
Adding to this, many investors were drawn in by SUI's massive pump but may now begin to lose confidence. If SUI dips below the key support level, we could see a cascade of selling pressure:
- Leverage positions liquidated.
- Stop-loss orders triggered.
Based on these signals, I anticipate a serious correction that could drive the price down to $2.
Key levels to watch:
- If CRYPTOCAP:SUI drops below $3.20, there’s little support until $2.35.
- Exercise caution and monitor these levels closely.
As always, **DYOR (Do Your Own Research).** 🚨
Suiusdt
SUI: key levels to watchSui Network (SUI) has a strongly bullish long-term outlook. It has performed remarkably well since September, rallying nearly 500% in under four months. Bitcoin’s (BTC) 4.8% price dip in the past 24 hours pulled Sui prices down by 8.6%.
The slight dip in buying volume in recent days gave a clue that Sui bulls could be biding their time before they’re ready to drive the next impulse move higher.
Sui’s price action has been strongly bullish on the daily timeframe, forming higher highs and higher lows since late October. The uptrend began in September when local resistance at $0.9-$1 was broken and retested as support.
Over the past month, the average trading volume has trended slightly downward, indicating weakened buying pressure. This is evident on the A/D indicator, which has slowed down, especially over the past week.
The Ichimoku Cloud remains bullish, highlighting strong support at $3.2 and the $4.1 region. The cloud is thick, showing strong upward momentum over the past month.
At press time, the 23.6% extension level serves as short-term support. While volatility is possible, the next target is more likely to be $5.38 than $3.5 or below.
The Fibonacci extension level at $4.5 served as resistance earlier this month and has been flipped to a demand zone. The 2-week look back period showed a cluster of liquidation levels around $4.3, and another liquidity pocket at $5.
The price has also ranged between these two levels over the past week, explaining the liquidity build-up. The Bitcoin price dip and the consolidation phase for SUI meant that this range formation could continue for a few more days.
No Matter How Far You Fly, You Will Return SUI!No matter how far you fly, you will return to my primary demand zone, SUI.
While SUI is showing very nice increases, it is also active in terms of volume, there are buyers inside, but they are slowly running out, you see long wick candles, the reason I skipped the first demand zone is that everyone will be waiting there and such zones are directly skipped in dump situations of the market.
You saw this in the recent dump, in all my analyses, I wrote in 10 different analyses that dumps could come, and therefore the first box should not be used without approved upward breakouts. In fact, I did not give the first boxes in many analyses at the risk of being left out. That is why 10 of the 15 demand zones I shared came as points and are at an average of 15% profit. Right now, I pulled the stop of all of them to the entry and took my profit.
I will be patient for SUI because I did not act early. If you could not get it at cheap prices, your only solution is to be patient. If you cannot be patient, unfortunately, you cannot be a hunter. Maybe you hunt a few things by chance, but in the end you will be hunted.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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#SUI/USDT Ready to go higher#SUI
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.6
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.73
First target 4.86
Second target 5.06
Third target 5.25
Bulls Say Go, Bears Say No—Who Wins SUI’s Show?SUI is dancing around $4.644, giving traders a reason to sit up and watch.
1. If SUI gets a clean break above $4.956, bulls could grab the reins and push toward the next stop at $5.46. That’s where things could get interesting for those looking for upward momentum (Solid Green Projection).
2. On the flip side, if the price struggles to hold and slides below $4.644, it might signal hesitation in the market. A quick dip to retest $4.644 followed by a rebound would be a good sign that buyers are still in the game (Dashed Green Projection).
3. However, if $4.644 breaks down without a fight, bears could come storming in. A drop toward the next key support at $4.063 would be the logical move (Red Projection).
For now, SUI is at a crossroads—will it charge forward or stumble? Keep an eye on $4.956 and $4.644; they’re the real decision-makers here.
SUI - Get ready for 15$#SUI/USDT #Analysis
Description
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+ SUI is currently trading within the range and heading towards a new all time high
+ The pattern looks similar to MATIC pattern in the last bull run
+ Im expecting a reasonable target of 15
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VectorAlgo Trade Details
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Entry Price: 4.7
Stop Loss: 3.0
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Target 1: 6
Target 2: 8
Target 3: 11
Target 4: 13
Target 5: 15
------------------------------
Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
sui usdt"🌟 Welcome to Golden Candle! 🌟
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$AXOL Surges 266% to a New All-Time High in Just 2 DaysThe SUI ecosystem is making waves, and $AXOL, its beloved memecoin, is leading the charge. In just two days, $AXOL has soared 266%, reaching a record-breaking all-time high (ATH) of $0.07905, with its market cap climbing to $64.73 million yesterday.
This impressive rally aligns with the growth of its native blockchain token, CRYPTOCAP:SUI , which also reached a new ATH of $4.26. The synergy between $AXOL and the SUI blockchain highlights the growing potential of this innovative ecosystem.
What is $AXOL?
Dubbed the cutest amphibian on the SUI blockchain, $AXOL is more than a meme—it’s a community-driven project symbolizing fun and innovation in decentralized finance (DeFi). Built on the SUI Layer 1 blockchain, $AXOL offers an engaging platform for users to explore the potential of blockchain technology while contributing to the ever-growing SUI ecosystem.
Market Performance and Technical Insights
Current Market Activity
- Daily Trading Volume: $5,008,909 (+52.70% in the last 24 hours).
- Market Cap: $67.3 million, ranking it #779 on CoinGecko.
- Fully Diluted Valuation (FDV): $67.3 million, with a circulating supply of 1 billion tokens.
Technical Outlook
Following its ATH, $AXOL is experiencing a 16% correction, a natural consolidation phase after such a meteoric rise. Despite this, key indicators remain strong:
- Relative Strength Index (RSI): Holding at 64, indicating sustained bullish momentum.
- Support Zone: The 38.2% Fibonacci retracement level presents a potential buy zone, with RSI levels expected to dip to 56 or 50 if selling pressure persists.
This correction phase is a healthy sign for a token that has already delivered 1,574.04% growth from its all-time low of $0.004018 (October 2024).
Fundamental Strengths Driving $AXOL
$AXOL’s growth is closely tied to the success of the SUI blockchain, a cutting-edge Layer 1 and Layer 2 ecosystem gaining traction in the crypto world. SUI’s robust infrastructure and recent price rally have fueled interest in projects like $AXOL, further cementing its place in the ecosystem.
The token is also well-supported by active trading pairs on centralized exchanges, with MEXC leading the charge. The AXOL/USDT pair on MEXC reported a trading volume of $2.8 million in the past 24 hours, making it the most liquid option for traders.
Also it is noteworthy to state that in the last seven days, $AXOL has outperformed both the global cryptocurrency market (+6.90%) and the broader memecoin category (-12.80%), proving its resilience and market appeal. Its community-driven approach and integration within the buzzing SUI ecosystem position $AXOL as a standout in the competitive memecoin space.
What’s Next for $AXOL?
While short-term corrections may occur, $AXOL’s long-term outlook remains **bullish**, backed by strong fundamentals and an engaged community. As the SUI blockchain continues to expand, $AXOL is poised to capture further market attention, offering traders and investors an exciting opportunity.
Pro Tip for Investors: Keep an eye on the 38.2% Fib retracement level for potential entry points and monitor RSI levels for signs of a reversal.
#SUIUSDT 1 DAYSUIUSDT Daily Analysis
The SUIUSDT pair is forming a rising wedge pattern on the daily chart, which often indicates a potential bearish reversal. The price is approaching the wedge's support line, and a breakdown below this level would signal increased selling pressure, offering a strong sell opportunity.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (More Sell Opportunity upon Support Breakdown)
Entry Strategy: Enter a sell position after the price breaks below the wedge's support line and confirms the breakdown with bearish price action, such as a strong close below the support or a retest of the broken level.
Traders should use indicators like RSI or MACD for confirmation of weakening bullish momentum. Proper risk management is critical, with stop-loss orders placed above the wedge and profit targets set at key support zones below.
SUI price smashed a new ATHSince the markets recovered after gaining some momentum in recent days, altcoins have gained significant traction. In the meantime, the SUI price attracted a huge buying volume as the trading volume surged by above $3.6 billion. As a result, the price led an impressive 35% rise since the last trading day and smashed a new ATH at $4.86. After achieving fresh highs, the token does not appear to halt its rising trend, as the bulls are eyeing much higher targets well above $5 or $6.
The historical price action of the token suggests a breakout from a huge bullish pattern and as a result, a steep ascending trend could be fast approaching. The token broke out of the double-bottom pattern and after a small retracement, it has begun to swell. The technicals are currently extremely strong, which supports the bullish narrative. Hence the token is believed to maintain a healthy ascending trend as the RSI has made it to the overbought zone. As the levels are not displaying any possibility of a bearish divergence, the SUI price is expected to maintain a healthy upswing.
Besdies, the rising on-balance volume or OBV, supports the bullish narrative, which suggests the rally to be in a progressive stage. The token has already reached the 1.2 FIB at the current highs and the next level to watch is around $5.34, which is at 1.414 FIB. However, the major target remains at around 2 FIB at $2 and securing these levels could attract some bearish action, which may halt the steep ascending trend.
If the market continues to possess strong bullish momentum, then the SUI price rally may revamp a strong rebound and proceed towards the $10 milestone that could be the peak of the prevailing bull run.
A similar behavior Between ID and SUIStructurally these charts are almost identical
- Same low and higher low
-same rounding bottom pattern
Accumulate ID while its price is low.
It will become a trend and the talk of everyone as soon as it breaks the round bottom pattern just like what happend with SUI
Best regards Ceciliones🎯
#SUI. Corrections = Opportunities – Plan Ahead! 11/29/24Local market corrections are inevitable, and they present excellent opportunities to find strong entry points.
After securing 6x returns on #SUI, the euphoria has started to fade, and retail traders are being gradually calmed down, leading to the local pullbacks we’re now seeing for #SUI.
Accumulation on spot and opening swing positions should be considered in the $3.2 - $2.8 range, with an initial target of $4. After that, in my view, the price might dip to the $2.0 - $1.6 range before the true rally begins.
DYOR.
SUI or SOL, $5 or $300? You to Choose!SUI or SOL? WHat to?
As you could see in the previous chart for SUI, DITTO worked as doodled!
SO the Plans of the trade are as such, On days chart, The resistance are at such a juncture point that when short is happened thats the ideal point to buy. But as always, shall it has some power to fuel up, can go to approx 4.75 and then fall, so Ideally if CMP buying targets till 5. My ideal point of buys goes at 3.596 the red lines, so would take a hedged position of long first and short next. Going for BUYS to CMP and would trail SL to COST whenever possible.
What you can do? Take shorts to hold till the point, or wait for it to come to buy
SUI hits a new ATH. Again. With a strong positive breakout from its bullish flag pattern in the daily time frame, the Sui token has achieved a new all-time high of $4.47 with a trading volume of $4.58 billion, a change of +78.77%. This indicates increased bullish sentiment for the altcoin.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram with its averages recording a bullish convergence in the daily time frame. This highlights an increase in the buying sentiment for this altcoin in the crypto market.
On the other hand, the SMA indicator constantly acts as a support to the SUI price chart. Reportedly, this indicates a strong bullish price outlook for the Sui token in the upcoming time.
Maintaining the price above its support level of $4 could set the stage for this altcoin to head toward its $4.75 mark. Moreover, if the bullish sentiment intensifies, this could push the price toward its higher price target of $5.5 this month.
However, if a bearish reversal occurs, the Sui crypto price may retest its support level of $4.00. Furthermore, if the bearish momentum intensifies, this could pull the price of this altcoin toward its lower support trendline of $3.250.
SUIUSDT jump
📈 SUIUSDT Trend Analysis 🚀
Looks like SUI just broke through a major resistance level at $1.9740! 🔥 This breakout could signal a bullish continuation 📈, especially if it holds above this level. The next profit targets are marked around $4.4444 and $7.7002 💰 – good spots for traders to consider locking in profits.
📝 Key Tips:
Follow the trend as long as support holds.
Stick to money management rules to protect your gains 🛡️.
Let’s see if SUI can reach those higher levels! 🤑💪
SUI TARGETS ALL TIME HIGHS - SUI NETWORK LONG IDEAThe price ran the daily swing liquidity but failed to close below, showing a strong rejection after the liquidity grab. It created a 4H demand zone, and the price tested this zone with another strong rejection. Recently, we broke the bearish trendline, followed by a retest.
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)