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Suiusdt

SUIUSDT: Restesting ATH Support—Bull Run Resuming Soon!BINANCE:SUIUSDT is currently retesting its all-time high support and is poised to resume its bull run from here. After a healthy consolidation following the ATH breakout, it’s time for take-off! As a strong layer 1 blockchain with a robust community backing it, I’m expecting new ATHs in the near future. Keep an eye on this one! BINANCE:SUIUSDT Currently trading at $2.14 Buy level: Above $2.1 Stop loss: Below $1.69 TP1: $3 TP2: $4.5 TP3: $6 TP4: $7 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Example of conditions for Chase the Rally Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (SUIUSDT.P 1D chart) It is necessary to check whether it can fall from the 2.2492 point and rise with support near the HA-High indicator (2.0299) on the 1D chart. Since the StochRSI indicator has entered the oversold zone, it is showing a strong downward trend. Therefore, it is highly likely that it will continue to fall further, so caution is required when trading. If it falls below 2.0299, 1st: 1.8735-1.9073 2nd: 1.6124 You need to check whether there is support near the 1st and 2nd above. Therefore, from a short-term and medium-term perspective, if the price is maintained above 1.6124, it is a time for additional purchase. In other words, I think it is a time when Chase the Rally is possible. At this time, if the Mid (50) line or HA-Low indicator is created and shows support, it will give you strength to proceed with additional purchase. - The important thing to proceed with Chase the Rally is that the long-term moving average line is in a regular array. If not, it should be considered as a purchase, not Chase the Rally. In this chart, the M-Signal line of the 1W and 1M charts corresponds to the medium- to long-term moving average line. -------------------------------------------- (1h Chart) If you touch the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart, there is a high possibility of volatility. Therefore, you can start trading depending on whether there is support around here. However, since the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart is for viewing trends, you should draw support and resistance points on the 1M, 1W, 1D charts and check whether there is support around those points and respond. Since the current chart is a 1h chart, if there are no support and resistance points drawn on the 1M, 1W, 1D charts, you can start trading with the support and resistance points of the 1h chart. However, a short and quick response is required. - The StochRSI indicator is showing signs of forming a double top. Therefore, if it falls below 2.088-2.0238, it is likely to touch around 1.8735-1.9073. If the StochRSI indicator is reset while falling to the oversold zone, and the price maintains around the M-Signal line on the 1D chart, I think it is highly likely to turn upward. - Reflecting this movement, it is expected that the trend will be formed depending on which direction it deviates from the box range (1.9752-2.0761) of the HA-Low indicator. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
SUI Price Holds Strong Above $2, Eyeing $3The price of CRYPTOCAP:SUI is holding firm above $2, fueling speculation that the altcoin might be gearing up for a significant rally. With growing market confidence and increasing attention from smart money, CRYPTOCAP:SUI could be primed for a breakout run towards $3, with the $2.45 mark serving as a crucial milestone. Technical Overview CRYPTOCAP:SUI has experienced a notable 3.71% price increase in the past 24 hours, pushing its market cap closer to $6 billion, currently standing at $5.81 billion. Trading volumes have surged to $928 million, reflecting the heightened market activity and growing interest in the altcoin. The price is now testing support at the $2 mark, an important psychological level, as traders wait to see if CRYPTOCAP:SUI will sustain its upward momentum. At the time of writing, SUI is trading at $2.03 down 2.41%, bouncing back from the previous low of $1.9745. This bullish reversal increases the likelihood of a Morning Star pattern forming on the daily chart, signaling potential for continued upward movement. In the 4-hour chart, CRYPTOCAP:SUI is trading within a rising channel pattern, with the price currently retesting the critical $2 support near the trendline. A bullish reversal within this channel suggests that CRYPTOCAP:SUI could soon challenge overhead resistance at $2.45, paving the way for a breakout towards $3. Is a $3 Breakout Possible? For SUI to achieve its price target of $3, it must first break through the overhead trendline resistance. Based on Fibonacci levels, the next major target lies at $3, corresponding to the 1.618 extension on the daily chart. This level could become achievable if CRYPTOCAP:SUI clears the $2.45 resistance. Three days ago, CRYPTOCAP:SUI hit a new all-time high of $2.36, but recent market FUD surrounding a rumored $400 million insider sell-off caused a minor retracement. However, SUI’s foundation has denied these claims, and the market is now regaining confidence in the altcoin. A key indicator of this renewed optimism is SUI's Funding Rate, which briefly entered negative territory during the FUD, signaling bearish sentiment. However, the Funding Rate has since turned positive, showing that traders are once again taking long positions and betting on a price rebound. The Balance of Power (BoP) indicator also supports this bullish outlook, as the BoP has shifted in favor of buyers, suggesting that bulls are beginning to outpace bears. As a result, SUI’s price could soon rise above $2.11, setting the stage for a potential new all-time high. SUI Price Prediction With SUI holding strong support at $2.05, a renewed push towards $2.36 is likely in the near term. If SUI can break this resistance, a further rally towards $2.55 and beyond could occur, representing a 20% increase from current levels. However, if bearish sentiment reemerges and sellers take control, SUI may retrace back to $2.05. A break below this level could see the price decline to $1.84, negating the current bullish setup. Conclusion CRYPTOCAP:SUI is showing strong technical and fundamental signs of a potential rally, with a $3 price target within reach if current trends continue. While the altcoin is currently benefiting from renewed market confidence, traders should watch key levels like $2.45 and $2.36 closely, as a breakout could signal the start of a major upward move.
Short
by DEXWireNews
SUIUSDT Trading Setup: Order Block Retest with Bullish ContinuatWe’ve identified a compelling trade setup on BINANCE:SUIUSDT , showing potential for bullish continuation. After establishing a solid order block around 0.7700, price action suggests an upcoming retest of this zone, which could be followed by a strong upward move. Key Levels & Strategy: Entry Point: The recommended entry lies around 0.7700, a critical order block (OB) zone where demand has previously stepped in. The price has tested this level before, and another successful retest could lead to a bounce upward. Stop Loss: Risk management is crucial to protect your position: High Leverage Traders: Consider placing your stop loss at 0.7606, just below the OB, to safeguard against potential volatility. Low Leverage Traders: Opt for a safer stop loss at 0.7406, allowing more breathing room for the trade to play out. Take Profits: Scale-out profits at the following levels: TP1: 0.8088, a minor resistance area where traders could lock in initial profits. TP2: 0.8360, an intermediate target where previous liquidity zones reside. TP3: 0.9642, a higher target where bulls could aim if momentum sustains. Market Sentiment: The price action is currently forming higher lows, indicative of underlying bullish strength. Additionally, the potential order block retest around 0.7700 gives us a clear entry point, supported by the upward momentum that could push price towards the upper resistance targets. This setup aligns well with the broader market trend, where buyers seem to be taking control after periods of consolidation.
Long
by MadeByAK
Will $SUI be the next Solana?Amid allegations that “SUI insiders have sold $400M in tokens during this market surge, ” the SUI Foundation responds to address the claims. The SUI Foundation dispels unfounded FUD, as major centralized exchanges continue to lean heavily on the sell side. SUI continues to make headway. It has hit a new ATH in Total Value Locked (TVL). It now processes more transactions than all other EVM-compatible chains. Will SUI be the next SOLANA? TECHNICAL OUTLOOK: It has hit a new ATH, however we're now seeing selling pressure. SUI significant is at $1.70; in confluence with HVN, nPOC, and 4H demand zone. A break of this level could see a move to around $1.30 (yVWAP) , taking out those resting liquidity on the lows.
by Tealstreet
$SUI on the Rise: Multi-Month Trend Active, Targeting $20!Not counting on a full retracement for this move. It might just continue to rise, similar to how CRYPTOCAP:SOL did when it broke above the $30 mark. However, if by any chance it does retrace, one should consider buying anything below the $1.60 level. I still believe it will go higher and enter a multi-month run closer to the $10 area. The strength and reaction it just had are similar to CRYPTOCAP:PEPE 's before the massive run in February. Sure, there are different narratives and a significant difference in the timeframe, but it's worth keeping in mind for reference. If we don’t go any lower—which is the most favorable case—I think the weekly block forming as a bearish candle should be used as an entry level and added to once it breaks above. So, two scenarios: buying the low or reclaiming the candle’s low if it turns out to be a bearish candle on the weekly timeframe. Miraculously wait for a retrace into the $1.60 area and buy. -------- Bi-monthly Mode Active CRYPTOCAP:SUI
Long
by ZelfTrade
What awaits SUI after a new ATH?As the SUI surged past $2, the bulls utilised all their strength to push the price beyond the current ATH. Now that the price has achieved new highs at $2.36 during the early trading hours, the traders appear to have become optimistic about the next price action. Therefore, the price is bound to keep up the bullish trend as the crypto is gaining back the lost momentum and attention.  Hence, the SUI price may eventually stabilize within the price discovery phase and eventually maintain a steep ascending trend and achieve higher targets.  SUI has been largely compared to that of the 2021 Solana price rally, which triggered a monstrous jump beyond $220. With the latest price rise, the SUI price has been certified as the beginning of a fresh upswing. Therefore, the price is believed to head towards the next target at $2.5 to $2.55 but only after it reaches certain conditions.  The chart displays immense strength among the bulls as the price maintains a steep ascending trend within a rising parallel channel. The token just hit the upper resistance, forming a new ATH, which may result in a minor pullback to the average bands of the channel. The StochRSI is heading towards lower support, while the short-term MACD suggests a drop in the buying pressure. This validates the bearish narrative in the short term, which may drag the levels to $2.16 in the next couple of days.  However, after the bulls regain power, a rebound could be generated at the average bands, which may revamp a strong upswing to form a new ATH above $2.4. However, these are minute price actions, but in the wider perspective, the Sui price appears to be primed to close the monthly trade around $3 and reach $5 by the end of the year. 
Long
by paul_endeo
#SUI price will first to break into the alt-season ?)At the moment, the inverted Head and Shoulders on OKX:SUIUSDT chart are drawn quite technically and “by the book”. Even such an important factor as increased trading volumes in the right shoulder is being fulfilled, and this is especially evident in trading OKX:SUIUSDT.P futures. Now, CRYPTOCAP:SUI buyers have one task - to keep the price above $1-1.05 Fulfillment of this condition will guarantee growth to at least $1.50, and if you're lucky, up to $2.40 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap . The recent price surge of the SUI token can be attributed to several key factors : 1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike. 2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors. 3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers. It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again. Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) . According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ). I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% . Sui Analyze (SUIUSDT), Daily time frame⏰. 🔔 Be sure to follow the updated ideas. 🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
32
Elliott Wave Analysis with Fibonacci Extensions - Potential BullIn this chart, we observe a clear Elliott Wave structure with five impulsive waves, indicating a potential bullish continuation. The Fibonacci extensions are plotted, highlighting possible Take Profit (TP) levels based on the wave projections. Wave 1 to 5 completed, with Wave 5 potentially leading to significant price growth. The Fibonacci retracement levels show key support areas, while the Fibonacci extensions suggest potential upside targets. Key Targets: TP0: MAX 81,738.0 (168% - 200% Fibonacci) TP1: MAX 98,157.0 (261% - 300% Fibonacci) TP2: MAX 114,576.0 (361% - 400% Fibonacci) TP3: MAX 130,995.0 (461% - 500% Fibonacci) The current price action is in consolidation, suggesting a breakout may occur soon. A strong move past TP0 could accelerate the upward momentum towards the higher TP levels. Keep an eye on support levels around 63,068.0 and potential correction zones before a breakout occurs. Disclaimer: This is just my personal view based on technical analysis, and it is not financial advice. Please conduct your own research and trade responsibly!
BYBIT:BTCUSD.PLong
by CryptoTraces
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move. The Road Ahead: A Tale of Three Scenarios Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment. A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue. The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations. The Path Forward As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Sui (SUI): how close is a new ATH?Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September. The token saw a remarkable 100% increase last month, and the rally carried over into October, with SUI coming close to setting a new all-time high on October 7. In addition, SUI drew more attention after surpassing Solana in daily transaction volume, further solidifying its growing presence in the market. After a market surge over the past few days, the SUI price has experienced a notable drop, slipping by 5.90% to $1.94 at press time. The digital asset, which recently hit a 24-hour low of $1.94 and a high of $2.13, has seen some fluctuations, reflecting a volatile trading day. The Sui price hit an all-time high of $2.18 on March 27, 2024, marking a 10.5% decrease from its peak. The Sui price is facing resistance around the $2 mark. However, improving market conditions might support a push towards this level soon. If the coin reaches $2.18, it would mark a significant increase of nearly 10% from its current value. Such a move could bring the cryptocurrency closer to its all-time high (ATH), potentially sparking renewed investor interest. The current Chaikin Money Flow (CMF) value is 0.01, indicating a neutral market sentiment. It recently showed a bullish trend before flattening out. While the Sui price has pulled back slightly from its recent highs, the continued growth in transactions and DeFi activity suggests the potential for further gains. With resistance near $2 and increasing interest from key platforms, Sui remains a token to watch, especially if it makes another push toward its all-time high.
Long
by paul_endeo