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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
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
Sui price skyrocketed 140% in September: is ATH possible?Sui (SUI) Price, a Layer 1 blockchain token, has seen a significant uptick in market valuation recently. Despite broader market downturns, the SUI price has surged over the past week. This increase positions SUI holders advantageously as optimism in the altcoin sector rises, potentially setting the stage for a robust October rally. Following the launch of its mainnet, the Sui Foundation introduced the Sui Bridge. This new feature enhances connectivity between the Ethereum and Sui networks by enabling secure asset transfers. This development is anticipated to draw new users and boost liquidity, further propelling Sui’s growth trajectory. The SUI price has steadily climbed over the past 24 hours, as shown in the chart. At the time of reporting, the SUI price stands at $1.87, marking a 5% increase for the day. The coin has encountered a notable barrier at the $2 level. Market conditions could soon favor an increase towards this mark. A rise to $2.18 would equal its peak from six months ago on March 27, 2024. Such a development could lead to a nearly 15% increase from its current level. The Moving Average Convergence Divergence (MACD) indicates a potential shift in momentum. The MACD line converges towards the signal line, suggesting that a bearish crossover might be imminent. This is underscored by the histogram moving into the red zone, a sign that bears may be gaining strength. Sui’s impressive price surge, growing TVL, and increased investor confidence signals strong potential for further gains. However, technical indicators suggest caution, as market conditions could shift. A move past $2 may set the stage for new highs
by paul_endeo
#SUI (SPOT) entry ( ,82- ,94 ) T. (1.4590) SL (0.7415) entry range ( ,82- ,94 ) Target (1.4590) SL .4H close below (0.7415) #SUI #SUIUSDT #SUIUSD #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI **** #bitcoin #BTC #BTCUSDT BINANCE:SUIUSDT
Long
by Crypto_alphabit
4
SUIUSD gave the final bullish break-out signal to $2.700A month ago (August 13, see chart below) we gave the first bullish break-out signal on Sui (SUIUSD), as the price broke above its Lower Highs trend-line: As you can see, it re-tested the trend-line to confirm it as a Support and, as expected, it held giving way to a break above the 1D MA200 (orange trend-line) on Sunday. That is the second and final bullish break-out signal. As per our original analysis, our Target remains $2.700, marginally below the 1.236 Fibonacci extension, as it happened with the March 27 2024 High. A Channel Up to guide the price there is the most likely pattern to emerge. Watch also for a potential 1D Golden Cross by the first week of October. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SUIUSDLong
by TradingShot
SUI price gains 139% in 42 Days: can it reach $2.07? Becoming one of the top-performing cryptos last week, the SUI price continued a bullish trend for two weeks. As the demand for altcoins grows and the broader market recovery chances improve with the rate cut possibilities, buyers are lining up for SUI. Will a new breakout run and the price jump of 50% Fibonacci level result in a new all-time high for SUI this year? Let’s find out. With a falling channel pattern in the daily chart, the SUI price is on a bullish recovery rally. Following the channel breakout, the SUI consolidated between the 23.60% and 50% Fibonacci level, ranging from $0.73 to $1.05. With broader market crypto recovery last week, the SUI price reclaims the $1.00 psychological mark and surpasses the 50% Fibonacci level. Further, the SUI recovery creates a rounding bottom in the daily chart with a neckline at the 50% Fibonacci level. Currently, the SUI price is trading at $1.1079 with an intraday gain of 2.73%. From its recent bottom at $0.46 on 5th August, the SUI price is up by 139% in just 42 days. As the recovery rally gains momentum with the recent rounding bottom reversal, the channel breakout rally is likely to exceed the 61.80% Fibonacci level at $1.2371. With three consecutive bullish candles and the breakout rally gaining momentum, the SUI price is just 49.20% away from its previous swing high at $2.1816. Based on the Fibonacci levels, the upcoming target levels for the SUI token are $1.55 and $2.07. Optimistically, the logarithmic price chart and the Fibonacci levels present $4.8051 as an ideal year-end target. Hence, with a massive upside potential of more than 300% and an ongoing recovery crossing $1, the SUI token is one of the fastest altcoins to watch in the crypto market.
Long
by paul_endeo
$SUI Breaks Out of its Bull Flag! SUI NYSE:SUI (Sui) is forming a bull flag pattern on the 12H chart, which is typically a bullish continuation pattern. A breakout above the flag could indicate significant upward momentum. 📈 Entry Point: $1.0200 to $1.0400 🎯 Targets: $1.2000 $1.4000 $1.5000 🔄 Trading Options: SUI NYSE:SUI is available for trading on multiple exchanges. Consider setting a stop-loss at $0.9500 or if the price falls back into the flag pattern. 📊 About NYSE:SUI : Sui is a decentralized platform built for scalability and low latency. It aims to drive Web3 innovation with faster transaction speeds and lower fees. 📢 DYOR, NFA #Crypto
Long
by CRYPTOMOJO_TA
SUI price smashes through $1 with 18% daily growthOver the last week, despite the increased volatility in Bitcoin and Ethereum before the CPI data release, SUI maintained a bullish trend. SUI price upheld a 15% rise then to rank among the top weekly performers. Will the new recovery run and the price jump above $1 result in a new 52-week high for SUI this season? Let’s find out. As the broader market sentiments are improving, the bull run in the SUI token price is expected to gain momentum. With the bullish narrative of SUI, the crypto analyst BMOON tweets about the upcoming rally with a potential target of $3.6. Reflecting a positive channel in a weekly time frame, BMOON expects the bull cycle in SUI price within the channel to hit $3.6552. Adding credibility to the project, Grayscale’s new Trust adds credibility to SUI, reinforcing positive market sentiment. Currently, it has reclaimed the psychological mark of $1 and is trading with a 14.48% jump in the past 24 hours. With the recovery rally in motion, the past seven days for SUI price have been profitable, with a surge of 26.17%. As per our technical analysis, the Logarithmic daily chart reveals a bullish cycle from the 23.60% Fibonacci level. The recovery run gains momentum as the retest of the falling channel breakout reveals massive demand at lower levels. The bull cycle is now accounting for a price jump of 36.25% in the last ten days. With this, the SUI price is now challenging the crucial resistance of 50% Fibonacci level at $1.0541. With a bullish engulfing candle of 11.4% intraday jump completing a morning star pattern, the sentiments are improving. Hence, the chances of a bullish breakout rally in SUI prices are significantly increasing. In the near term, before SUI reaches BMOON’s expected $3.65 target, the near-term resistances are at 61.80% and 78.60% levels at $1.23 and $1.55, respectively.
Long
by paul_endeo
1
SUIUSD Very strong bullish break-out signal.Sui (SUIUSD) has gone +140% from last week's Low (August 05) and broke above two major medium-term Resistance levels: 1) The Internal Lower Highs trend-line) and 2) The 4-month blue Channel Down. The last time the price broke above such major Lower Highs trend-line was on November 04 2023. That initiated a rally that peaked just below the 1.236 Fibonacci extension, which gave way to the 4-month blue Channel Down. An equally strong bullish signal is the break-out of the 1W RSI above its MA line. As a result, we have strong reasons to turn bullish on Sui on the long-term, targeting 2.7000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SUIUSDLong
by TradingShot
Sui 300% pump soonWhy BINANCE:SUIUSDT can pump +300-400% soon Read this idea and share with friends Possible Targets and explanation idea ➡️Check IAP idea under this idea. Educational idea ➡️After initiation we are in accumulation stage. Marked green block for good entry ➡️You can start accumulate step by step from current price ➡️Idea will be invalidate if we drop lower than listing price ➡️After accumulation stage next stage is Pump to (marked take profit zone) and ATH ➡️ADZ indicator showed we are in accumulation stage by whales Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
3