#SUI/USDT#SUI
The price is moving in a downward trend on a 12-hour frame
After bouncing from a major support area in green at the $1.00 level
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 1.18
The first goal is 1.40
The second goal is 1.62
The third goal is 1.98
Suilong
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.
SUI target $1012h time frame
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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.
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Bull target: $10~$12
SUI target 2.744h time frame
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SUI made a cup and handle, then pulled back after hitting 2.17. Also, the target of CH pattern hasn't been reached yet. If use fib on that cup structure, we can see SUI got support at 0.618 fib and went up to 1.272 fib, then still retest 0.886 fib, this is a standard momentum accumulation path for next pump once SUI be supported from price 1.82~1.97.
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TP: 2.74
#SUI/USDT#SUI
The price is moving in a descending channel on the 12-hour frame
We are now at the lower limit of the channel
The price bouncing more than once at the lower border of the channel is evidence of the strength of the channel border and the expectation of an increase
We have a higher stability moving average of 100
As well as the price touch trend on the RSI
Entry price is 1.52
The first goal is 1.72
The second goal is 1.84
Third goal 1.97
SUI target 2.14h time frame
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SUI is getting support at 0.618 Fibonacci Projection which made of the wave from 0.36 to 1.7. Furthermore, SUI also retested the 0.382 Fibo Projection twice, that is measured by the new and smaller wave. These retest present great support for SUI at 1.36~1.5, and allow us to set up a comparable well trading plan.
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TP: 2.1~2.2
SL: 1.33
#SUI/USDT LONG#SUI
The price has moved in a descending channel since last June.
And that channel was broken, and the direction changed.
Now expect a decline to retest the new support area at 0.5000.
Current Price0.6916
Target 0.5000
Before completing the ascent again
Target 0.8777
Please take advantage of support and resistance points