SUIUSDT SPOTLong
SUIUSDT: 3X expected in upcoming Bull run!!
Updated
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Let's analyse SUIUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
SUI is a promising blockchain platform developed by Mysten Labs. Known for its high throughput, scalability, and focus on developer experience, SUI aims to provide a robust infrastructure for decentralized applications.
Key features of SUI include:
High Performance: Handles a large number of transactions per second.
Smart Contracts: Supports self-executing contracts for building dApps.
Developer-Friendly: Offers a user-friendly environment for developers.
Security and Efficiency: Prioritizes security and efficient transaction processing.
SUI's innovative approach could position it as a leading player in the blockchain space.
TECHNICAL ANALYSIS:
SUI has exhibited a bullish breakout on daily timeframe. The recent breakout from a parallel channel on the daily chart, coupled with a symmetrical triangle pattern on a lower timeframe, suggests a potential uptrend.
Key technical indicators supporting this bullish momentum include:
Price Action: SUI is trading above the 200-day moving average.
Volume: A significant increase in 24-hour trading volume of more than 100%.
Chart Patterns: The breakout from the parallel channel and symmetrical triangle suggest bullish momentum.
If SUI maintains its current momentum, it could potentially experience a significant price increase in coming weeks.
Buying Levels:
$0.9997 to $0.7566
Target Levels:
$1.1812
$1.7141
$2.1633
$3.0457
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse SUIUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
SUI is a promising blockchain platform developed by Mysten Labs. Known for its high throughput, scalability, and focus on developer experience, SUI aims to provide a robust infrastructure for decentralized applications.
Key features of SUI include:
High Performance: Handles a large number of transactions per second.
Smart Contracts: Supports self-executing contracts for building dApps.
Developer-Friendly: Offers a user-friendly environment for developers.
Security and Efficiency: Prioritizes security and efficient transaction processing.
SUI's innovative approach could position it as a leading player in the blockchain space.
TECHNICAL ANALYSIS:
SUI has exhibited a bullish breakout on daily timeframe. The recent breakout from a parallel channel on the daily chart, coupled with a symmetrical triangle pattern on a lower timeframe, suggests a potential uptrend.
Key technical indicators supporting this bullish momentum include:
Price Action: SUI is trading above the 200-day moving average.
Volume: A significant increase in 24-hour trading volume of more than 100%.
Chart Patterns: The breakout from the parallel channel and symmetrical triangle suggest bullish momentum.
If SUI maintains its current momentum, it could potentially experience a significant price increase in coming weeks.
Buying Levels:
$0.9997 to $0.7566
Target Levels:
$1.1812
$1.7141
$2.1633
$3.0457
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Note
63% up on spot!!
Trade closed: target reached
All targets achieved!!🚀🚀
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