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SUI

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
📊 SUI Trade Analysis 📈Current Situation: SUI has successfully flipped the previous resistance level into support, demonstrating strong bullish momentum and a healthy setup for a long position. Trade Strategy: Entry Point: Enter a long trade above $1.10. Take Profit Targets: $1.30, $1.50, $1.70 Stop Loss: Set a stop loss just below $1.01 to manage risk effectively. 📊🔍 Monitor the price action closely and adjust the strategy as necessary to align with market conditions. #SUIAnalysis #CryptoTrading 🌐🔒
Long
by Richtv_official
SUI $1.70 Long Target - Longed @ $0.89In my last post I showed a short opportunity on SUI where we shorted $1.12 with target of between $0.90 - $1.00 followed by an immediately longing the bottom for a reversal. We closed that trade and longed @ $0.89 preparing for this next move of $1.70 long that was already confirmed and still active. Our Entry was $0.89, but Updating this now on the way to $1.70 long target It is possible a dip can come if BTC dips, but if BTC is running to $72K+ this long target is sure to hit sooner than later for a nice 69%+ gain.
Long
by dogdaddevan
📉📈 SUI Trade Analysis 🔄💼Trade Overview: SUI is currently priced at $1.0209 and has recently rebounded to a higher range of support, indicating potential bullish momentum. Trade Technical Details: Entry: Consider entering a trade between $0.90 - $1.10, leveraging the current support level and potential for further upward movement. Take Profit: Set a take profit target at $1.40 to capture potential gains. Stop-Loss: Place the stop-loss below $0.80 to manage risk and protect against adverse price movements. 📊🔍 Monitor SUI's price action closely for trade execution and adjustments! #SUITrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official
SUI Under 1$ is a gift SUI is a relatively new Layer 1 blockchain, having been launched in September 2023. Despite its newness, SUI has experienced impressive growth and reached an all-time high of $2.17 in March 2024. SUI is currently available for staking on crypto exchanges like Binance, LBank, 4E, BYDFi, and OKX, allowing users to earn rewards for holding SUI. The team behind SUI is Mysten Labs, a company founded by former Facebook and Diem engineers. Mysten Labs has extensive experience in blockchain development and is highly regarded in the industry. SUI uses Move, a programming language designed to create secure and efficient decentralized applications (dApps). SUI has the potential to become the platform for many dApps in the future, including blockchain games, decentralized exchanges (DEXs), and decentralized finance (DeFi) applications. SUI's market capitalization is currently $2.3 billion, ranking 48th in overall market cap and 52nd in 24-hour trading volume. Mark believes SUI has the potential to reach a market cap of $30 billion.
Long
by fxtactix
The Argument of Unlocked Token ---- SuiIf you regularly engage in DeFi activities, Sui may be familiar to you. This is a network designed to build complex DeFi activities. Relying on a dedicated high-security wallet and Object concept to provide an environment for Dapps that are difficult to innovate on EVM. Judging from the current Defi ecosystem, Sui is undoubtedly second only to the mainnet and Arbitrum. But the price of Sui has almost halved since April. The reason for all this may be attributed to the 50% of unlocked tokens. Some on-chain detectives recently discovered that the total supply of Sui is less than 10 billion, and the number of Sui in the staked state exceeds 8 billion. However, there are 5 billion Sui on the unlocking roadmap that will be unlocked after 2030. Detectives speculate that these tokens, which will be unlocked in the future, have already been unlocked and staked by the foundation. Such behavior has brought centralized criticism to the Sui Foundation. This prompted the market to price Sui with a larger circulation volume, causing Sui to fall sharply. Because the 50% part is not in the true sense of circulation, if the foundation can give the market a satisfactory margin and correct the mistake in the future, Sui will soon be back based on its excellent ecosystem. Sui may continue to maintain a bearish trend before this time. It is also obvious from the indicator. Although Sui rebounded after the decline in early April, the TSB indicator gave a SELL signal on April 16 based on the AI algorithm. Although Sui briefly rebounded after this, it soon fell again. It can also be clearly seen from the indicator chart that when the column touches the wavy area, the bears strengthens and the decline begins. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
SUI in a very important place !!Very important range (0.950 - 1.01) $ If the daily candle closes below 0.950, there is a good chance we will see a range of $(0.6147 - 0.5523). If we find support in the current range (0.950 - 1.01) $ and then break the downtrend line and the daily candle closes above it, we can consider targets at $1.4 and then $2.14. Finally, we can consider a long-term target (3.5 - 3.8) $ for this coin. This is an analysis and you are responsible for your profits and losses. It's best to do your own thorough research.
by Crypto-Oracle1
📉🔄 SUI Trading Analysis 📈💡Current Situation: SUI is finding support at $1 after filling the FVG (Fill the Value Gap), indicating potential readiness for the next upward move. Price Action Strategy: If BTC weakens further this week, prepare for a possible fill of the wick at $0.885. Alternatively, if continued strength is observed, anticipate a retest of outlined resistances. Trade Setup: Entry: Trade at current support $1.15 to $1.05. Take Profit: Target $1.31 or next resistance around $1.65. Stop Loss: Set at $1 to manage risk. 📊🚀 Stay attentive to SUI's price action for trade execution! #SUITrading #CryptoAnalysis 🌐💰
Long
by Richtv_official
SUI/USDT Showing Signs to Breakout From Descending Channel👀🚀 💎Paradisers, #SUI is currently cruising within a descending channel, gathering momentum for a breakout. 💎Once it breaks out, we'll wait for a retest for confirmation before planning our trade. This retest phase often follows a breakout and provides an excellent opportunity to confirm bullish momentum. If #Sui holds support at $1.003 and continues its upward ascent, the next target lies in the resistance zone we've projected. 💎However, if #SUIUSDT struggles to maintain support and dips back into the channel, it could signal a weakening bullish trend. In this case, the price may fall further to the next significant support level at around $0.88. 💎Historically, NYSE:SUI has shown resilience by rebounding decisively from this level. If this pattern holds, a strong bounce could occur. A decisive candle close below this support will challenge the bullish outlook, indicating a shift toward a more bearish trend. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise
2
SIUE, Oy Vey!It looks like the end of lil' Siu's rampant growth is coming. This little beauty studied well and pleased the teachers with her growth, but everything comes to an end and the holidays begin - And we will witness the manifestation of her dark side - It will be a hike down the social ladder for her - swashbuckling parties of wave A, a little respite in wave B and the last fall in wave C (I'm even a little jealous). A similar thing happened to Thomas Henry (Oscar Wilde) Look at the chart, friends - I marked the ALT account in YELLOW, but GREEN movement is a priority. Since wave 3 has been extended by as wave 5, the end of the correction may come in wave 2 of (3) Green box - ist a SUGGESTION, I will update if I like :) Buuuugh ANYWAY tap da rocket if u understand thy idea or just what I wrote
Short
by zikkuratt
1
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.
by P_S_trade
6
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.
Long
by DEXWireNews
SUI target $1012h time frame - 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. - Bull target: $10~$12
Long
by EthanTW
🔄 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
Long
by Richtv_official
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
1
🔥SEI Is In Accumulation Area: The Rocket Will Launch SoonSei Network is one of the fresh altcoins on Binance with a huge growth potential. As it happened to many fresh altcoins, it follows the Aptos scenario. The closest target is at $0.17 (+60%) and $0.37-0.4 (+251%). As fara s you understand there are just local targets. I expect 20-40x on a bull market at least. 💥$220M for altcoin is just a grain of sand in the desert. That's why fresh low-cap altcoins grow so high. like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
6
🔥ARKM Is Copying Aptos Patern: Is +360% Profit Real❓Arkham fell by -55% after listing on Binance. As you already know, you should pay a strong attention to such fresh altcoins, because they have the biggest opportunity to grow. The best example is an Aptos which grow by +400% and me and Altcoins Gems members bought it. Additionally, you can check such altcoins as WRX, SOL, AXS which was listed at hte beginning of the previous bullmarket and grow by more then 100X! 💥The closest targets for ARKM are $0.72 key level and $1.8-2 value area. The list of FRESH altcoins to pay attention to: 1. WLD (already +80%) 2. SEI 3. SUI 4. MAV 5. ARB 6. EDU like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
1