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Suianalysis

SUI may see a new ATH in the nearest future: analysisIn the last 24 hours, Sui (SUI) has demonstrated a strong upward movement, catching the attention of analysts and traders alike. Meanwhile, market analysts are increasingly optimistic about SUI’s price movement, with predictions of a new all-time high in sight. One prominent voice, Bluntz Capital, projects that the token could reach a price of $2.60 shortly. According to his analysis, the altcoin recently broke out of a significant 105-day downtrend, experiencing a 237.5% increase in value from $0.40 to $1.35. Bluntz highlighted that the token’s breakout has been accompanied by rising trading volume, signaling strong market interest and investor confidence. Furthermore, the token has surpassed key resistance levels without significant retracements, reinforcing the view that it could continue its upward trend. While the bullish sentiment around the token is clear, the token must break through key resistance levels to maintain its upward trajectory. Namely, one of them – $1.44 – has been overcome, meaning that the $2.18 can be the next point for SUI if the momentum is kept. By contrast, it could face a short-term pullback to the $1.20 level. If the downward pressure continues, the token could revisit the $1.00 mark, a key support area around the 50% Fibonacci retracement level.
Long
by paul_endeo
3
Sui (SUI) may be poised for long-term gainsIn a recent update, the Circle is announcing native USDC on SUI, which has kept up the bullish momentum. Moreover, yet another big announcement is expected to happen shortly, which may bring a huge retail brand onto the platform. The SUI price has risen back into a technical HTF uptrend again, forming consecutive higher highs and lows while the key level has been taken out already. Hence, the price is expected to surprise many in the next few weeks or months. The latest upswing has triggered a breakout from the descending parallel channel and the bulls are successfully holding the rally above the gains. The price has failed to break the crucial resistance at the 200-day MA at $1.099 over the past couple of days. However, after testing multiple times, the resistance could have become slightly brittle. As the volume has gained some momentum, the bullish continuation appears to be imminent. Moreover, the DMI is approaching a bullish crossover as the ADX initiates a bullish rebound. Therefore, the price remains consolidated for a while, which may bring the +Di & -Di closer to each other for a bullish crossover. Once this move materializes, the SUI price rally may gear up and secure a rise above $1.5, confirming a rise in bullish dominance. The current trade setup does not show a bearish possibility and if it occurs, the resistance of the channel may offer strong support & push prices towards $2.
Long
by paul_endeo
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 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 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: Potential Shift in Structure! 📈💹📊 Analysis: Interesting Level: SUI is at an interesting level, flipping its range high into support. Short-Term Downtrend: A potential break from the short-term downtrend is anticipated. Higher Low Formation: Aiming for a higher low formation after breaking previous highs at $1.70. Entry Range: Consider laddering into a spot long between $1.4 and $1.7. Take Profit Levels: Potential profits at $2 or $2.82. Stop Loss: Set a stop loss under $1.34. 🌐 Note: Monitor SUI's price movement and adjust your strategy based on market conditions.
Long
by Richtv_official
SUIUSDTThis is a 1D frame analysis for SUIUSDT As we can see, the price was able to bounce back after hitting the support line and start moving upwards. However, the price is currently below the resistance line and is volatile. If it can establish itself above the resistance line, it can start to move towards the next resistance line and, as we can see, the price has been able to show us an inverted head and shoulders pattern which can indicate an upward trend and we can expect to see a price increase.
Long
by MarsSignals
SUI hints at a local growth wave - long trade #2Hello colleagues! It's time for the second potential trade that we are planning to implement. This is a long on the cryptocurrency SUI. Unfortunately, we did not manage to execute the first trade , as the price of BTC started to fall sharply without us. On 17 August, the SUI cryptocurrency updated its local low. The update of the local low occurred on increased volumes. The latest wave of decline in SUI has "resurrected" buyers, who have organised a good rebound to the $0.56 range. We would like to pay special attention to the local wave of decline from 20 to 22 August. This wave of decline was on good volumes. However, sellers were unable to push the price below the previous local low of 10 June. This is a good signal that a large buyer is ready to keep the price of SUI up at least in the short term. Another good signal is the active rebound of the SUI price after the $0.51 test. Taking these arguments into account, we want to enter a long trade for SUI: Enter = 0.5204 - this is the range where the position was entered. If the price is to rise, it should not fall below this range. Stop = 0.5039 (-3.2%) - in our opinion, it makes no sense to keep SUI below this level TP = 0.612 (+ 17.6%) - The price of SUI may not rise above this liquid zone at first. P/L ratio = 5.5 We also allocate $10,000 for this trade . In case of a mistake, our loss will be $320, and in case of trade execution, our profit will be $1760. What do you think of this trade? How do you see the situation with SUI? Write in the comments below our forecast
Long
by P_S_trade
45