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Suiusdt

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
20
Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory. Fundamental Highlights 1. Total Value Locked (TVL) Milestone Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum. 2. On-Chain Volume Record Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base. 3. Ecosystem Expansion The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem. Technical Analysis At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup. The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment. 🌟 Why This Matters The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects. Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
COINBASE:SUIUSDLong
by DEXWireNews
Sui Ecosystem Tokens: Analysis of DEEP and NS Pattern Similariti Today, I conducted a detailed technical analysis of two tokens from the Sui ecosystem — DEEP and NS. Despite their different price ranges, both assets demonstrate similar price movement patterns. Here are the key points: 1 Growth Phase — Both tokens showed a strong upward surge, forming an initial bullish trend (green zone). 2 Correction — After the sharp growth, a correction followed, represented by a downward movement (red zone). 3 Support Level — Both tokens reached a strong support zone (blue area), where initial recovery signals appeared. 4 Potential Upward Surge — Both tokens formed a similar potential "growth wave" (blue zone), promising the continuation of an upward trend. In DEEP, we observed a +106.99% increase, while NS shows a potential rise of up to +90.68%. This is a great example of similar patterns that can help predict future price movements. Why is this important? The similarity in token behavior helps in making more accurate market predictions. If NS follows DEEP's pattern, it opens exciting opportunities for traders. What do you think of this analysis? Share your thoughts in the comments!
MEXC:NSUSDTLong
by Du_Trade
#SUI Short Setup IdeaTime to short BINANCE:SUIUSDT ? After the huge rally we see price peaking and slowly losing momentum It recently did a MSS - Market Structure Shift taking liquidity and moving up into the supply zone Below the most recent swing low there is a 1H FVG inside a 4H FVG, which acts as a strong magnet, so price should see a rejection inside the supply zone (current price), and drop to that zone First target should be the most recent swing low Second target 1H FVG
Short
by tamastery
Will SUI keep up the trend after a new ATH?The SUI price has launched a fresh bullish attack as the bears seem to remain off-the-track for a while. The rise in the buying volume and pressure suggests the token is expected to maintain a strong ascending trend, even after breaching above the resistance of the rising expanding channel. Now that the token has found fresh highs around $3.3, the next pitstop could be around $3.5 which may just be a matter of time. The SUI price has experienced a massive rise in volume, which soared from levels below a billion to as high as $3.6 billion in just a couple of days. This huge influx of trading interest suggests the potential increase in the price, which could push the price beyond the interim highs. However, the bears are not expected to hinder the progress of the rally, and hence the SUI price rally is believed to follow the market sentiments until the end of 2024.
Long
by paul_endeo
The Banana Zone Series - SUI Buy the Dip Levels (6 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone. We continue the series with SUI. As you can see in my analysis, pull backs to $2.57 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season. For more aggressive traders, $2.79 and below can be the trigger longs with tight stops. Not a financial advice so DYOR.
by CryptoBreakers
$SUI WARNING: pump then dumpNYSE:SUI is experiencing a significant pump due to BlackRock's announcement of a specific NYSE:SUI trust fund. However, on August 3rd (and on the 3rd of every month until January 2025), NYSE:SUI will undergo a large token unlock for their Series B and C investors. The concern is that there was no immediate impact from this token unlock, suggesting that the VCs may be waiting for retail investors to FOMO into NYSE:SUI following the BlackRock announcement before they dump their coins. Once the FOMO cools down, it's likely that the VCs will sell, which could cause the price to drop. NYSE:SUI is currently in a downtrend, forming a falling wedge pattern due to the monthly token unlocks that began in July 2024. The upcoming inflation will be difficult for the market to absorb. The token unlocks will slow down in January 2025. DYOR
by CryptoNikkoid
5
Here I buy SUI at $2.50Here I buy SUI at $2.50 And I'm starting to buy this one with market orders at $2.50 I'm swalloing all sell orders starting from $2.50 And SUI supply shock is happening before your eyes. Remember: Action takers are money makers. Supply shock is my narrative I know you're here for the technology, but I'm here for the money. Switching your mindset from ''I hope I can do this'' to ''I'm going to make this sh# NYSE:T happen'', is a game changer And now that you're still in denial, you're gonna hear my voice when I shout it out loud It's bull maaaaarket it's now or never It ain't gonna last forever my buys are like an open HIGHWAY like frankie said I did it MY WAY I just want to buy while I'm alive. CRYPTOCAP:SUI #SUI
Long
by btcbullshark
Sui , the competitorUpdating charts consuming my energy or else i became lazy recently lol , here we have sui in a upward channel with the price close to the top although I’m not completely sure we’re gonna have a retrace from here but just in case i drew super cheap accumulation rectangle in blue for you beloved sharkie lads .first i started accumulation in 0.58 and still holding to see what market will do in the coming months, close to 20$ is my peak bull tp but will update in time . Stay safe .
CRYPTO:SUIUSD
by mastershark
1