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SUIUSD

Top Gainers Today : SUIMarket is Down, but SUI/USDT is pushing higher. What Is Sui (SUI)? Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Who Are the Founders of Sui? Mysten Labs, the original contributor to Sui, was founded by by former executives/lead architects of Meta’s Novi Research (the team responsible for Diem blockchain and Move programming language): Evan Cheng; Adeniyi Abiodun; Sam Blackshear; George Danezis; Kostas Chalkias. What Makes Sui Unique? Through features such as horizontal scaling, composability, sparse replay, and on-chain storage, Sui’s architecture solves pain points common to first generation blockchains. ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. Disclaimer
by CryptoTrend-Alerts
SUIUSDTBINANCE:SUIUSDT is the only one that has not performed well compared to the others. In my opinion, with the rank of #76, we should expect a sharp pump from it. We may have missed the entry point, but if I want to enter this trade, I would like to enter the trade at price 0.53- 0.50 ⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR" Don't forget to like and comment
Long
by Madoir
SUI / USDT 4h Price AnalysisChecking out BINANCE:SUIUSDT , it seems like it's gearing up for a positive move. The triangle shape on the chart hints at a potential breakout. We're keeping an eye on it, especially if it clears the 0.69 resistance – that could signal a lift to around 0.84. To play it safe, we've got a support range at 0.64-0.61 to catch any dips. And just in case things don't go our way, we've set a stop-loss at 0.57 to minimize potential losses. So, in a nutshell, we're feeling good about the momentum, hoping for a breakout, but being cautious with our support and stop-loss levels. Here's to a profitable move!
Long
by Vestinda
Sui Bullrun PlansThe tokenomics of this coin are very suspicious. The way they scam people with their bullsharks game to create insane chain activity to attract more liquidity, using their own bots to not let retail make any gains is also suspicious and fraudulent. But... Comparing them to other chains, they do try to copy cat the Solana nft frenzy in their own manner and develop something, at least for now. By december 2023, we expect to have 10% of Sui released, leaving 90% more to dump on hamsters later. What to expect: When crypto starts to be green for weeks, I expect the VC's to pump it minimum to 3$ in a span of 1-2 weeks. But before that, we may see a drawdown to 0.4~0.2$ per SUI. Buy targets : From 0.6 DCA lower till 0.2 Sell targets : 2.8 and higher.
by MrDorea
3
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
SUI SUIUSDT Price Analysis (4h)Greetings, fellow traders! Let's dive into analysis of SUIUSDT's recent price action since our last update 👉 The journey of price movement has been intriguing, revealing essential patterns that provide us with valuable insights. After an impressive breakout from a substantial Triangle pattern, SUIUSDT embarked on a downward trajectory, carving a distinct Falling Wedge shape. This transition didn't just showcase price movement; it signaled a shift in market sentiment, setting the stage for potential opportunities. What adds an intriguing twist to this narrative is the emergence of a Bullish Divergence signal on the Relative Strength Index (RSI) . This phenomenon is akin to a beacon of hope, suggesting that despite the price descending, there's an underlying strength that may soon exert itself. Bullish Divergence occurs when the price is in a downtrend, but the RSI, a key indicator of momentum, moves in the opposite direction, showing a potential loss of downward momentum. This often anticipates a potential trend reversal, acting as a precursor to an upward move. Now, the plot thickens as we witness the formation of a diminutive Rising Wedge pattern. This pattern, characterized by converging trendlines slanted upwards, can be a harbinger of a future price shift. As we know, patterns in trading are like the breadcrumbs left by market participants, providing us with a potential roadmap. However, while Rising Wedges can hint at an upward breakout, they often precede a retracement. This leads us to a forecast for the next few days: a modest retracement in price, possibly aiming to touch the Support Target of $0.56. This level could serve as a temporary resting place before the price springs back to life. Our gaze is then set on a target resistance of $0.71. This price zone has the potential to act as a significant barrier that the price may need to breach to continue its ascent. A successful breach here could be indicative of a more substantial upward movement. In this dynamic dance of patterns and signals, it's important to remember that trading is an art as well as a science. While we delve into the intricacies of price action and patterns, it's crucial to maintain a vigilant eye on risk management. The journey may be exciting, but it's essential to navigate it with prudence. As we anticipate the next chapters in SUIUSDT's story, let's continue to explore, learn, and adapt to the ever-changing landscape of the financial markets. Happy trading, dear comrades! 📈🚀
by Vestinda
2
SUIUSD Above the 1day MA50. Strong Buy.SUIUSD crossed above its 1day MA50 for the first time in its short history. That is a strong technical bullish breakout signal. Buy and target the 0.382 Fibonacci level at 0.95500, which is also near a potential Channel Up pattern that may emerge. The 1day RSI is under 60.00, indicating that this move has significant upside ahead. Further buying can be performed only after a 1day candle closes over the 0.5 Fibonacci, in which case you can target the 0.618 Fibonacci at 1.23450. Follow us, like the idea and leave a comment below!!
CRYPTO:SUIUSDLong
by TheCryptagon
SUI price. What are the prospects: buy, sell or wait?Hype project SUI Please write in the comments why it is interesting to you? Currently, 6% of the maximum possible number of coins are circulating on the market. On the one hand, while the number of coins on the market is still small, it is cheaper to organize a "pump". On the other hand, when many coins are put on the market, there will be a lot of pressure on the price. This is the basis of the "law of supply and demand". The unlocking schedule: - early July +0.6%. - beginning of August +0.7% - beginning of September +0.7% - beginning of October +0.8% - beginning of November +22% In other words, theoretically, the highest chance of a pump in the SUI price is before November 2023. But first, two obstacles need to be overcome: the trend line of recent months is around $0.90 a powerful liquidity zone of $1-1.20, where a month ago users were actively buying SUI in anticipation of growth, but the SUIUSDT price had other plans and dropped by more than 2 times. Therefore, it is very likely that there will be active sales in this liquidity zone by those who want to "break even", as human psychology works. Based on the above assumptions, "the active pumping" of the SUIUSD price has a chance to develop only after the price is firmly established above $1.20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
29
SUI VS AtopsFriends, hello everyone! I noticed an interesting similarity between two assets - SUI and Atop. After the decline, both assets experienced approximately a 70% loss. However, if we look at APT, we can observe an intriguing pattern - it showed a decline, followed by a minor correction, a final impulse (where the best entry point was), and a 400% increase. Now, as SUI has undergone a decline, we are observing a slight correction, after which we expect a final impulse and further growth. It's fascinating to see what will happen with these assets going forward! Let's keep an eye out for updates.
by CHOWTRADE