Where is the SUI price heading?For more than 2 months, the SUIUSDT price has been showing and maintaining a strong and steady upward trend.
So we have a question for you, what is your opinion on where the SUI price is headed?
- according to the blue scenario, to $1.5 and from there the correction will begin in the region of $0.6
- better in the orange scenario to $2.0-2.10 and from there a correction to $0.9
Or your option, vote and write your thoughts in the comments below the idea.
Suiusdt
SUI Surges 11% Amidst Market Volatility The cryptocurrency NYSE:SUI has experienced a notable surge of 11% in value amidst a broader decline in the crypto market. The surge can be attributed to the recent partnership between BytePlus, a subsidiary of ByteDance, and NYSE:SUI for its Web3 debut.
BytePlus plans to bring its expertise in gaming and social apps to the NYSE:SUI blockchain. This collaboration allows NYSE:SUI developers to leverage BytePlus services, which will enhance content distribution, personalization, and user engagement. This partnership marks a significant entry of a tech giant into the crypto world via SUI, potentially paving the way for further adoption and development on the platform.
Historical data indicates that NYSE:SUI positively responds to significant network announcements. Thus, the partnership news has spurred bullish momentum in SUI's value, and it could soon test resistance levels of around $1.50. If the bullish trend continues, NYSE:SUI 's value could reach its all-time peak of over $2.17 on March 27. However, if a pullback occurs, the support level may hold around $1.00 or even $0.79.
Teaming up with a tech giant like BytePlus could be a game-changer for NYSE:SUI , ushering in new applications and broader adoption.
SUI target $1012h time frame
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SUI is a potential Layer 1 blockchain and smart contract platform. Price goes well and builds a health trend for bullish side. Although SUI has been dipping for around 1 month, it just gained support from 61.8% Fibonacci retracement, that could be seen as a standard and normal correction before next pump starts. Considering the current market cap. is 1.5B and total supply is 10B, I predict SUI's MC can reach or even go over 100B, that will bring the price go above $10, and should sell most positions once hit $12.
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Bull target: $10~$12
SUIUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
The minimum conditions for impulse have been completed, waiting for correction and continuation of growth.
Entry zone: 1.15 - 0.95
Good luck everyone!
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🔄 SUI Conference Trade Plan Update 📈🔍📊 Key Insights:
Upcoming Event: SUI conference in Paris this week may lead to a "buy the rumor, sell the news" scenario.
Price Watch: Monitoring price action within the current zone for potential indications of movement.
Bullish Signals: Price closing above $1.70 could signal a move towards the top of the range and potentially into price discovery.
Trade Parameters: Entry set between $1.60 to $1.73 with defined profit targets and stop loss.
📈 Updated Trade Plan:
Entry: Consider entering the trade between $1.60 to $1.73, based on price action and signals.
Take Profit: Target profit levels at $1.95 or $3, based on the potential move triggered by the SUI conference.
Stop Loss: Set a stop loss at $1.55 to manage downside risk and protect capital.
📈🔍 Outlook: With the SUI conference expected to influence market sentiment, traders should closely monitor price movements and act accordingly. The trade plan provides clear entry, profit targets, and risk management strategies for potential opportunities presented by the event. 🚀📊 #SUI #TradeOpportunity
Alikze »» SUI | Ascending cup model scenarioIn the analysis of the previous posts, we identified an upward trend followed by an inverse head and shoulders pattern.
🔰 Currently, in the daily and weekly time, it seems to have formed a cup pattern, which is currently also formed, which in case of support in the specified points and the failure of the red box will have the ability to grow up to the specified areas. Therefore, for the entry trigger, you can wait for the failure of the supply area, after which you can buy if it is confirmed and pulled back to the area.
⚠️ In addition, if the box loses the specified green color, it can invalidate this scenario.
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SUIUSDTHi guys
The compression of the downward trend is very attractive. It is possible that we will have a sharp upward trend by breaking the downward trend line and exiting this compression.
Marked price areas are low risk buys. We enter the first step with a larger volume.
The bullish scenario is valid if the price area of $0.886 is maintained.
What do you think?
SUI target 2.744h time frame
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SUI made a cup and handle, then pulled back after hitting 2.17. Also, the target of CH pattern hasn't been reached yet. If use fib on that cup structure, we can see SUI got support at 0.618 fib and went up to 1.272 fib, then still retest 0.886 fib, this is a standard momentum accumulation path for next pump once SUI be supported from price 1.82~1.97.
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TP: 2.74
Honestly, I don't feel like explaining, the chart says it all !!Hi.
COINEX:SUIUSDT
Honestly, I don't feel like explaining because the chart says it all.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#SUI/USI#SUI
The price is moving in a head and shoulders pattern on the 12-hour frame, and the right shoulder has been completed
We have a strong upward trend in the RSI indicator, and the price sticks to the price
It is expected to rise at 3 levels.
Entry price: 1.71
The first goal is 1.79
The second goal is 1.90
Third goal 2.04.
The stop is below the right shoulder
SUI Reaches New All -Time- High Amidst Revolut Partnership In a groundbreaking collaboration set to redefine the landscape of blockchain education and adoption, Sui ( NYSE:SUI ) and Revolut have joined forces to empower millions of users worldwide with the knowledge and tools to navigate the burgeoning blockchain ecosystem. The strategic partnership between Sui, a leading Layer 1 blockchain platform renowned for its performance and scalability, and Revolut, a global fintech behemoth with a massive user base exceeding 40 million, heralds a new era of innovation and accessibility in the realm of decentralized technologies.
At the heart of this landmark initiative lies Revolut's Learn program, a cornerstone of the fintech giant's commitment to democratizing financial education. By integrating Sui's educational content into the Learn program, Revolut users will gain unparalleled access to comprehensive resources designed to deepen their understanding of blockchain technology. This strategic integration not only enhances Revolut's value proposition but also serves as a catalyst for driving widespread blockchain adoption among mainstream audiences.
Greg Siourounis, Managing Director of the Sui Foundation, hailed the partnership as a pivotal moment in the journey to democratize access to blockchain technology. "This landmark partnership with Revolut represents a significant milestone in the mission to bring Sui's innovative Web3 technologies to bear solving real-world challenges for new audiences," remarked Siourounis. "By joining forces with Revolut, we have a chance to introduce millions of users to Sui, the fastest-growing ecosystem in crypto, and one which is providing the technological underpinnings that will enable businesses to build working solutions and empowering individuals to access those products and services seamlessly."
The integration of Sui's educational content into Revolut's Learn program is poised to catalyze a paradigm shift in blockchain education, attracting a new wave of users eager to explore the transformative potential of decentralized technologies. This strategic alignment not only accelerates Sui's growth trajectory but also reinforces Revolut's commitment to providing its users with access to the latest advancements in financial technology.
Kotryna Baldovskaja, Crypto Global Business Development Manager at Revolut, underscored the significance of the partnership in advancing financial literacy and blockchain adoption. "Our collaboration with Sui underscores Revolut's commitment to providing our users with access to the latest advancements in financial technology," stated Baldovskaja. "By integrating Sui's educational content into our Learn program, we aim to equip our users with knowledge about one of the most impressive technological breakthroughs we've seen in crypto and the countless opportunities that lie within the Sui ecosystem."
As Sui and Revolut embark on this transformative journey, the global blockchain community eagerly anticipates the ripple effects of this partnership. With a shared vision of empowering individuals and businesses alike through blockchain education and adoption, Sui and Revolut are poised to shape the future of decentralized technologies and drive meaningful change on a global scale.
#SUI/USDT#SUI
The price is moving in a descending channel on the 12-hour frame
We are now at the lower limit of the channel
The price bouncing more than once at the lower border of the channel is evidence of the strength of the channel border and the expectation of an increase
We have a higher stability moving average of 100
As well as the price touch trend on the RSI
Entry price is 1.52
The first goal is 1.72
The second goal is 1.84
Third goal 1.97
#SUI/USDT#SUI
It is moving in a bearish channel on the 4-hour frame, and the price committed to the green support area at the 1.60 level.
Now we have a strong breach of the descending channel upward
We have a higher stability moving average of 100
We have bullish momentum on the RSI
Entry price is 1.760
The first goal is 1.81
The second goal is 1.89
The third goal is 1.967
Long SUISUI has a nice Cup and Handle pattern forming here with little volume resistance on the upside and strong volume support on the underside. Provided BTC continues it’s lead upward, alts should continue to move. Entry is 1.60 with an SL of 1.37. Target before re-evaluation will be that C&H neckline at around 1.97.
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge.
🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.