Suiusdt
SUI LONG OPPURTUNITY - SUI NETWORK BULLISH TREND ALERTSUI is one of the most popular altcoins in the crypto market right now. It has strong fundamentals, a solid team, and a growing community. I personally hold a spot position in this coin, and I expect to see SUI among the top 10 most valuable crypto assets soon.
Technical Analysis: SUI ran the daily swing liquidity and reached the daily demand zone responsible for the previous all-time highs. The price couldn't close below the daily swing and showed a strong rejection there.
After that, SUI broke the diagonal trendline that had maintained the lower time-frame bearish trend. The breakout was strong, with a close above, indicating to me that SUI has broken the bearish lower time-frame structure and is now targeting new highs.
I expect a small retracement to the green zone marked as the "4H Demand Zone," aligning with the Fibonacci equilibrium level. I’ll be looking to open a position there, aiming for new all-time highs.
SUIUSDT: A Comprehensive Technical Breakdown - Sui◳◱ On the $SUI/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 3.8248 | 4.2539 | 5.027 and support near 3.0517 | 2.7077 | 1.9346. Entering trades at 3.4683 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Sui
▣ Rank: 23
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Sui project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.4683 ₮
▣ 24HVol: 279,314,258.243 ₮
▣ 24H Chng: 1.68%
▣ 7-Days Chng: -2.94%
▣ 1-Month Chng: 111.44%
▣ 3-Months Chng: 341.99%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.8248 | 4.2539 | 5.027
◢ Support: 3.0517 | 2.7077 | 1.9346
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.93
▣ Last 90D: 5.71
▣ Last 1-Y: 1.98
▣ Last 3-Y: 1.02
◲◰ Volatility :
▣ Last 30D: 1.26
▣ Last 90D: 1.12
▣ Last 1-Y: 1.19
▣ Last 3-Y: 1.09
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth SUIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
SUIUSDT potential Up trend continuationSUIUSDT recently pulled back to the support level at $3.00, taking liquidity below last week's low. The market formed a descending triangle pattern, characterized by lower highs, indicating a price squeeze. A descending triangle is typically a bearish pattern that anticipates a downward trend breakout.
However, the market has broken above the downward trendline, suggesting a potential bullish reversal. If the price closes above this trendline, it may continue moving higher, following a contraction-expansion price action pattern. The target is the resistance zone around $3.83
Sui Partners with Franklin Templeton to Accelerate DeFi AdoptionSui has taken a bold step forward by partnering with Franklin Templeton Digital Assets, signaling a significant push toward enhancing its DeFi ecosystem. With Sui already experiencing remarkable growth metrics and a price surge, this partnership could catalyze further expansion and investor interest.
Franklin Templeton’s Role in the Sui Ecosystem
Franklin Templeton brings deep expertise in tokenomics research, node validation, and blockchain investment strategies. Their involvement promises to strengthen Sui’s infrastructure and support developers building decentralized finance (DeFi) solutions. Key projects benefiting from this partnership include Deepbook, Karrier One, and Ika, all showcasing Sui's scalable and secure framework.
This collaboration aims to provide essential support to developers, helping them deploy enhanced blockchain technologies more efficiently. Franklin Templeton’s research team, known for leveraging data science, will play a pivotal role in guiding Sui's blockchain advancements.
Sui’s DeFi Growth Metrics
Since its mainnet launch in May 2023, Sui has recorded phenomenal growth:
- Total Value Locked (TVL): Up 675%
- DeFi Transaction Volume: Increased by 956%
These figures underscore Sui’s technological efficiency, driven by its parallel processing capabilities, low transaction latency, and consistent gas fees. This performance has drawn developer interest and user adoption, setting the stage for sustained growth.
SUI’s Meteoric Price Rise and Technical Outlook
SUI, the network’s native token, has seen an extraordinary 740% rally in just four months, rising from $0.78 to $3.51. Analysts suggest the token could reach $18 this bull cycle, provided it overcomes key resistance levels at $3.93. Factors fueling this surge include:
- Growing DeFi Adoption: Increased user engagement and development on the platform.
- Innovative Capabilities: Introduction of tools like SuiPad, enabling users to create and launch memecoins.
Despite a recent 4.78% dip, CRYPTOCAP:SUI remains within a consolidation zone, indicating potential for a breakout. The Relative Strength Index (RSI) shows bullish momentum, and trading volume suggests strong market support.
Future Potential and Challenges
The partnership with Franklin Templeton could significantly boost SUI’s adoption and credibility. However, recent challenges, such as the two-hour network outage, highlight the need for continued infrastructure improvements to maintain investor confidence.
Conclusion
Sui’s collaboration with Franklin Templeton marks a turning point in its journey to becoming a dominant player in the DeFi space. With impressive growth metrics, a strong technological foundation, and a bullish market sentiment, CRYPTOCAP:SUI could be on track for substantial gains, potentially hitting $10 in the near future. This makes CRYPTOCAP:SUI a token to watch closely as the altcoin rally continues to unfold.
SUI maintains $3 after two-hour outageYesterday, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64.
Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system with excessive traffic or requests, causing it to become unavailable to legitimate users by crashing or severely slowing its functionality.
Following this development, several exchanges halted SUI transactions as the price also dipped a little. However, nearly two hours later, the project updated its community, saying that validators had assisted in resolving the issue.
Consequently, on a daily chart, SUI continues to trade within an ascending channel. An ascending channel, also called a rising channel or channel up, is a chart pattern defined by two parallel upward-sloping lines.
It forms when the price shows higher swing highs and higher swing lows, indicating an ongoing uptrend. Furthermore, the Chaikin Money Flow (CMF) has increased, suggesting that buying pressure has outpaced distribution.
If this continues, SUI’s price could climb above $4. However, if a Sui network outage occurs again, this might not happen. In that scenario, the value could drop below $3.
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! ❤️
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.
Above 360% with SUI strategyNo predictions, no telling the future, just automation with strategy. SUI has been volatile in 2024, alternating between downward corrections and growth. Taken together, how much profit do you make from SUI? Backtesting results for this strategy for SUI came in at 367% (commission included) as of January 1, 2024. Quite interesting! Strategy S1-TM is available to check.
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!
#SUI/USDT / Ready to go up#SUI
The price is moving in a descending channel on a 15-minute 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 2.20
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.27
First target 2.32
Second target 2.37
Third target 1.45
#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
SUI price need correctionCRYPTOCAP:SUI price has fulfilled all of its goals and even more.
Now, according to the canons of TA, the OKX:SUIUSDT price should correct and "test" the liquidity zone of $1.90-2.30.
And from there, the pair could continue to grow and update the ATH.
The critical level for the trend to continue is $1.60
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
SEIUSDT - similar coin to SUIIn weekly chart u can Find many things are similar
U can notice that SEI follows SUI in price action
- Same pattern (breaking out the falling wedge pattern)
- Similar in name (SEI) - (SUI)
- Same in the Low and Higher low
SEI take more time in price action to follow SUI
If SUI make New ATH then SEI will do it too
It's programed ... it's matter of time
Best regards Ceciliones🎯