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Suiusdt

SUI presents a great trading opportunity.#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI has broken out and is heading towards a strong bullish trend. + This presents a great opportunity for a long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.0954 Stop Loss: 0.7924 ------------------------------ Target 1: 1.1960 Target 2: 1.3515 Target 3: 1.4726 Target 4: 1.7001 Target 5: 2.2037 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SUIUSDT.1DAs of today, the SUI/USDT pair presents an intriguing landscape in the crypto market. On the daily timeframe, we've observed a significant downtrend that has been in play since the peak in early May. The current price stands at $0.899, reflecting a recent decline indicated by the red candles dominating the chart. Key Support and Resistance Levels: Resistance 1 (R1): $1.0031 - This level previously acted as support during early June but has since transformed into a resistance zone. Resistance 2 (R2): $1.1984 - A critical high point that was last tested in late April and remains a significant upper barrier. Support 1 (S1): $0.7641 - The current chart displays this as a pivotal support level that could dictate short-term movements. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is trending below the signal line, illustrating bearish momentum. The negative histogram values further validate this sentiment. RSI: The Relative Strength Index (RSI) sits around 39, indicating a bearish momentum but not yet in the oversold territory, suggesting that there could still be room for downward movement. Analysis Conclusion: Given the prevailing market conditions, where bearish signals dominate both from price action and technical indicators, I am inclined to maintain a cautious stance. While the current support at $0.7641 may offer temporary relief, the resistance at $1.0031 and $1.1984 poses significant hurdles for any bullish recovery. Investors and traders should monitor these levels closely. A breach below the current support could lead to further declines, whereas a push above the first resistance might signal a potential shift in momentum. Always consider market news and broader economic factors that could influence price actions significantly.
Long
by MarsSignals
SUIUSDT.1DIn this technical analysis of the SUI/USDT daily chart, I'll examine the latest price movements and key technical indicators to forecast potential future trends. Key Observations: Current Price and Movement: SUI/USDT is currently trading at $0.8989, showing a decline of 2.30% for the day. This suggests some bearish pressure in the recent trading session. Support and Resistance Levels: R1 (Resistance Level 1): $1.0031 - This level represents a near-term barrier that SUI needs to surpass to signal a stronger bullish momentum. R2 (Resistance Level 2): $1.1984 - A higher resistance level that could come into play if a significant uptrend develops. S1 (Support Level 1): $0.7641 - Marked as the immediate support, a crucial level to watch if the current price continues to decline. Technical Indicators: MACD (Moving Average Convergence Divergence): Currently, the MACD line is below the signal line, suggesting bearish momentum. The separation between the lines indicates that the bearish trend may still be strong. RSI (Relative Strength Index): At 39.76, the RSI is approaching oversold territory, which might indicate that SUI is becoming undervalued and could potentially see a reversal or stabilization soon. Analysis and Conclusion: The current trading dynamics for SUI/USDT indicate a bearish trend with the price nearing the support at $0.7641. The key to future price movements will be whether this support can hold. Should it fail, it may signal further declines and potentially test lower levels not marked on the chart. Conversely, if the support at $0.7641 holds strong, it could serve as a foundation for a potential rebound. Traders should watch for a reversal pattern or bullish signals from MACD and RSI as indicators of a possible shift in momentum. If a reversal occurs, SUI could attempt to break above the resistance at $1.0031, targeting the higher resistance at $1.1984. Given the RSI's approach to oversold conditions, there could be an opportunity for buyers to step in soon, particularly if other market or external factors support a bullish sentiment. However, the prevailing bearish MACD suggests that caution is warranted. In summary, traders should monitor SUI/USDT closely at the $0.7641 support level for signs of stability or a further breakdown. The interplay between the current bearish MACD and nearing oversold RSI conditions could provide interesting trade setups. As always, employing proper risk management strategies is crucial in navigating the potential volatility.
by MarsSignals
$SUI/USDT - Breakout June/July 24NYSE:SUI seems to be on the bull div on HTF, it is going to ping the 50day EMA soon and if it successfully breaks-out of that neckline it will go all the way. Keep a close eye on that .382 level this is the main resistance zone where it needs to push hard to make its way into the bull cycle! Beware, use caution and make your entries on super low lev here until BTC has finally settled and bounced off of a strong support line which is in my hypothesis 62.5 - 59 anywhere between those lines. Can happen real soon. July should give us good green market. Green trading ya'll
Long
by TheRevengeMaddy
2
Sui targets. Long Local Daily targets for BINANCE:SUIUSDT Possible Targets and explanation idea ➡️Global IAP model we came in to 0.38 fib level for retest! ➡️Lowest zone is 0.5 marked flag ➡️Leave liquidity! Already swept! Waiting 3rd the same signal to buy by Trade On indicator ➡️Waiting test and reaction from D order block ➡️Waiting money inflow on MP indicator (blue columns) ➡️Target will be 27 block for take profit 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
4
#SUI / USDT long trade setupNYSE:SUI was dumped by its VCs after a 20% token unlock on May 9th. This created prolonged selling pressure. However, this project is a major new L1 blockchain, and this dump has actually created a good buying opportunity. NYSE:SUI is poised to recover. There is still some selling pressure, as seen in the price action, so do not expect it to go to the moon like $PEPE. That is why I set my targets relatively low. I will update if the plan is successful. My price target for the bull run for NYSE:SUI is between $8 and $10, so NYSE:SUI at $1.05 is really cheap in my opinion. This is not financial advice. Do your own research (DYOR).
Long
by CryptoNikkoid
SUI price: Ready...steady...Go !)Six months have passed since the publication of the previous #SUIUSDT idea During this time, the NYSE:SUI price has made a cool route: $1,16 👉 $2,10 👉 $0,88 "modestly", but in principle, everything is as predicted) Now, looking at the #SUIUSDT chart, we can say that $0.88 was the very bottom, twice confirmed. And there may be good growth ahead. Do you believe in SUI? Do you hold SUI? 💰 Then the medium/long-term target of $3.50 for #SUI is just for you
by P_S_trade
5
Sui/Usdt Latest Plan SUI/USDT is demonstrating encouraging signs of a potential uptrend on the 4-hour timeframe. The current price action suggests a promising outlook as we closely monitor the trendline resistance for a potential breakout. Should the breakout occur successfully, I foresee a robust bullish momentum materializing in the short term. Traders are advised to keep a close watch on the price action as a breakout could lead to significant upside potential in the near future.
Long
by Crypto-By-Ghazi
$SUI / USDT reached the bottom, bounce back. x5-x10 potentialNYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential. Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token unlock is likely to continue affecting the price, making it unlikely to pump back to its All-Time High (ATH) before VC token releases occur progressively on the way up. I maintain a moderately bullish stance on $SUI. It represents a solid and relatively safe investment opportunity with the potential for x5-x10 gains during this bull run. Please refer to the Fibonacci retracement TP outlined in the chart for further insights. Remember, this is not financial advice; always Do Your Own Research (DYOR) before making investment decisions.
Long
by CryptoNikkoid
11
SUI - to continue the bullish structureWe have let things develop and it seems as it is indeed bullish, I don't really know what to say else only the ETF approval/disapproval could shake this market currently. The correlation between BTC and NVIDIA is also not something you can just ignore but currently I don't think even a miss on NVIDIA earnings could make crypto worry. Looking at SUI now we got the needed change of strucutre and left a FVG and a demand on the way up. We want to bid this demand. With the last push upwards yesterday during the night we grabbed the liquidity from above and a push upwards to $1.26 should be possible after a smaller pullback. Alerts are set ✅
Long
by stromm_by_wmc
Sui Network (SUI) Jumps 26% On Mysticeti Upgrade LaunchedSui Network ( NYSE:SUI ) has experienced a 26% increase in price over the past week due to the launch of its Mysticeti upgrade on testnet. The upgrade has pushed Sui to the top among the fastest blockchains, with the consensus latency reduced to 390ms, an 80% reduction from Narwhal-Bullshark. Sui Network is known for its high-performing blockchain protocol and is now the fastest among all blockchains. The Mysticeti upgrade addresses the trilemma of decentralization, transaction speed, and low cost, particularly in the Decentralized Finance (DeFi) hub, Ethereum. With the new Mysticeti upgrade, the average user can now transact with enhanced experiences across all apps, including lightning fast transactions across all apps. The gaming and DeFi ecosystem will benefit from increased throughput and low fees. The development and launch of the Mysticeti upgrade took an academic approach, with research papers published to benefit both users and validators and developers. The Sui price is currently trading at $1.14, up by 1.43% in 24 hours, and the price for the past week has reached 26.69%. Sui has recently hit the 1 million daily active wallet milestone, and with the Mysticeti upgrade, it is expected to attract more users and lead to a positive long-term price increase.
Long
by DEXWireNews