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Suiusdt

Phemex Analysis #74: Pro Tips to Trade SUISUI ( PHEMEX:SUIUSDT.P ) is experiencing a challenging start to 2025, with its price declining 68% from its all-time high of $5.37 on January 6th. However, a potential bullish reversal signal is emerging, as the recent drop to $1.71 coincides with a Relative Strength Index (RSI) divergence, where the price makes lower lows while the RSI makes higher lows. This divergence suggests that the downward momentum may be weakening, and a trend reversal could be imminent. Let's explore the possible scenarios for SUI to guide our trades. Possible Scenarios Based on the current technical setup, here are several potential scenarios for SUI's price action: 1. Bullish Reversal and Breakout The RSI divergence suggests a potential bullish reversal. If SUI breaks above key resistance levels with strong volume, it could confirm this reversal and lead to a significant upward move. Pro Tips: Monitor key resistance levels, such as $2.42 and $2.83. A break above the $2.42 resistance level (or $2.83 for further confirmation), accompanied by increasing volume, would be a key signal. Consider entering a long position on the breakout, with a stop-loss order placed below the breakout point or a recent swing low. Potential profit targets for short-term profits are $3.56 and $4.25. 2. Consolidation and Range Trading SUI's price may consolidate within a range as the market digests the recent decline and the potential for a reversal. This consolidation period could offer range-bound trading opportunities. Pro Tips: Identify support and resistance levels that define this range, such as the $1.71 support and $2.83 resistance. Within this range, consider buying near the $1.71 support and selling near the $2.83 resistance. It's important to set stop-loss orders outside the range to manage the risk of a potential breakout or breakdown. 3. Failed Reversal and Further Decline While the RSI divergence is a bullish signal, there's a risk that the reversal fails, and the price continues to decline. This could happen if broader market sentiment turns bearish or if new negative information about SUI emerges. Pro Tips: Monitor key support levels, such as $2.0 and $1.71. A break below these levels with high volume could signal further decline. If the price fails to break above $2.83 and starts to decline with strong volume, consider exiting long positions. In a bearish scenario, shorting opportunities may arise on a break below significant support, but this should be done with caution and a tight stop-loss. Conclusion SUI presents a complex trading situation. The RSI divergence offers a potential bullish reversal, but the preceding sharp decline and overall market conditions create uncertainty. Traders should carefully monitor price action, volume, and key support and resistance levels. By considering the scenarios outlined above and employing sound risk management practices, traders can position themselves to potentially profit from SUI's price movements, whether it reverses upward, consolidates, or declines further. Pro Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
#SUI/USDT#SUI The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 2.14. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 2.20 First target: 2.31 Second target: 2.39 Third target: 2.46
Long
by CryptoAnalystSignal
DOGEUSDT UPDATEDOGEUSDT is a cryptocurrency trading at $0.16485, with a target price of $0.30000. This represents a potential gain of over 90%. The technical pattern observed is a Bullish Falling Wedge, indicating a possible trend reversal. This pattern suggests that the downward trend may be coming to an end. A breakout from the wedge could lead to a significant upward movement in price. The Bullish Falling Wedge is a positive indicator, signaling a potential price surge. Investors are showing optimism about DOGEUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. DOGEUSDT is positioned for a potential breakout and significant gains.
Long
by CryptoWithJames
Sui: Your Altcoin ChoiceThe action is happening right above 0.786 Fib. retracement level support. Above it, the actual level wasn't hit and this is a signal of strength. I looked at this chart when the action was happening above 0.618 and mentioned that it could drop further before the start of the next bullish wave. See what happened, as soon as the next support gets challenged, volume goes up. This is significant volume in comparison with the daily average. The highest volume since November 2024. This volume signal can be easily translated as support found. Support found means that the down-move is no more. The down-move being over invariably leads to change. Change means the market won't be dropping no more. If it was going down, soon, SUIUSDT should start to grow. That's my conclusion based on the data coming from the chart. Even if prices move a bit lower, the bullish bias still remains. There is an ending diagonal on the chart. This pattern tends to show up before a change of trend. The correction is over. It is only a matter of time before the next bullish wave. Thanks a lot for your amazing and continued support. It is truly appreciated. It is not possible to project an accurate ATH for this pair because the chart is too young. Relevant numbers for 2025 are $9.42 and $15.24. Namaste.
Long
by MasterAnanda
1
SEIUSDT UPDATESEIUSDT is a cryptocurrency trading at $0.1700, with a target price of $0.4500. This represents a potential gain of over 200%. The technical pattern observed is a Bullish Falling Wedge, indicating a possible trend reversal. This pattern suggests that the downward trend may be coming to an end. A breakout from the wedge could lead to a significant upward movement in price. The Bullish Falling Wedge is a positive indicator, signaling a potential price surge. Investors are showing optimism about SEIUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. SEIUSDT is positioned for a potential breakout and significant gains.
Long
by CryptoWithJames
1
TradeCityPro | SUI: Analyzing the Shift from Hype to Stability👋 Welcome to TradeCity Pro! In this analysis, I will review the SUI coin. This project gained significant hype in 2024 and experienced a substantial upward movement. 🔍 However, in the past few months, after reaching a price ceiling of 5.2689, it entered a corrective phase, and it can be said that its hype has completely dissipated and no longer carries much excitement. 📅 Daily Time Frame As you can observe in the daily time frame, the price had a strong upward trend and, after breaking and pulling back to the 1.8392 area, it undertook the next upward leg up to 5.2689. During this movement, a severe divergence occurred in the RSI, which influenced the market when it was activated by breaking 50. ✔️ The upward movement accompanied by a trendline, was broken after being rejected from the 5.2689 area. The trigger for this trendline was the 4.0866 area, which was activated and confirmed the trend change after a pullback to this trigger and the break of the 3.6402 support. 🔽 Currently, after the break of 3.6402, a bearish trendline has formed, and the price has reacted to this area several times. Meanwhile, the price has also reacted to a significant support area around 1.8392. This area, actually a range between 1.6462 and 1.8392, is one of SUI's most crucial supports and could prevent further price drops. ✨ For the coin to become bullish again, the main trigger we have is breaking the bearish trendline, and I believe for buying in the spot market, the primary trigger will be breaking this trendline. There is also a significant resistance at 2.7830, which is the main trigger for breaking the trendline. 📈 If the price makes a lower high and low and breaks the support area it currently holds, the trendline trigger will shift to 2.2495, allowing us to enter earlier. A break of 50 in the RSI will also be a suitable trigger for entering a bullish momentum. 🛒 Alternatively, if you trade reactively, the price's reaction to this support area and breaking short-term resistances in lower time frames could be suitable for risky spot buying. 📊 Currently, the market volume has been more favorable to sellers, with volume increasing during price drops and decreasing during corrections, indicating the strength of the bearish trend. However, after the price reached the support area and reacted to it, we've seen two strong bullish candles with significant volume, which could be the first signs of a trend change. 📉 For the price to turn bearish and start the next bearish leg, as mentioned, breaking the support area and the 1.6462 trigger would be suitable, and in this case, the price could start the next bearish leg. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
4
TAOUSDT UPDATETAOUSDT is a cryptocurrency trading at $231.9, with a target price of $360.0. This represents a potential gain of over 60%. The technical pattern observed is a Bullish Falling Wedge, indicating a possible trend reversal. This pattern suggests that the downward trend may be coming to an end. A breakout from the wedge could lead to a significant upward movement in price. The Bullish Falling Wedge is a positive indicator, signaling a potential price surge. Investors are showing optimism about TAOUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. TAOUSDT is positioned for a potential breakout and significant gains.
Long
by CryptoWithJames
1
SUI Rebuy Setup (12H)After forming a 3D pattern at the top, wave E of a higher-degree pattern has completed. A new leg has formed from the point marked by the red arrow on the chart. It seems that wave E will end in the green zone, followed by a strong upward reversal. Truthfully, there are other support levels above our marked zone, but we have identified the most important one. If the price reaches this level, we can take a safe buy on SUI. This project is one of the strongest in crypto, but we always manage risk. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
#SUI/USDT#SUI The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 1.86. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 1.90 First target: 1.99 Second target: 2.10 Third target: 2.19
Long
by CryptoAnalystSignal
ALTCOINS | ALT Season | Buy Zones PART 2💥 SUI / BINANCE:SUIUSDT SUI ideal buying points, weighing heavier towards the lower zone: 💥 SHIBA / BINANCE:SHIBUSDT SHIB ideal buying zone is approaching, but ideally the lower zone is the better buy: 💥 DOT / BINANCE:DOTUSDT Dot worries me for the reason that it has retraced nearly all the way to 2021 prices. Therefore I'll keep trades small, with modest TP zones. BUY zone for a swing, not accumulation: 💥 PEPE / BINANCE:PEPEUSDT PEPE buy zone seems far away, but considering how hard alts can drop in only a few days, I'd be ready with the orders, hanging heavier towards the lower zone: 💥 BINANCE / BINANCE:BNBUSDT BINANCE shows promising swings. Ideal BUY zones include: For the next cycle, in other words long term target, I'd watch the 1.618 at least: This would make it an accumulation buy. ________________
Long
by CryptoCheck-
SUI is expected to have a 50% pump ahead (1D)SUI, after completing the 3D pattern at its price peak, has entered a corrective phase. It is now approaching a high-potential zone, which is the origin of a strong move with significant buy orders. We are looking for buy/long positions in the demand zone. The target could be the supply zone. A daily candle closing below the invalidation level will invalidate our bullish outlook. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
Long
by iMoneyTeam
Will SUI break $2 support and drop 20% to $1.80?Hello and greetings to all the crypto enthusiasts, ✌ let’s dive into a full analysis of the upcoming price potential for SUI 🔍📈. SUI is currently trading within a downward channel, signaling a potential continuation of its bearish trend. A decline of at least 20% appears likely, with the primary target set at $1.80, provided that the critical psychological support at $2 is decisively broken. If this key level fails to hold, increased selling pressure could drive the price lower, reinforcing the downtrend.📚🙌 🧨 Our team's main opinion is: 🧨 SUI is stuck in a downtrend, and if it breaks below the key $2 support, we could see at least a 20% drop, with $1.80 as the main target.📚🎇 Give me some energy !! ✨We invest hours crafting valuable ideas, and your support means everything—feel free to ask questions in the comments! 😊💬 Cheers, Mad Whale. 🐋
Short
by MadWhale
6
ATOMUSDT UPDATEATOMUSDT is a cryptocurrency trading at $4.700, with a target price of $7.500. This represents a potential gain of over 60%. The technical pattern observed is a Bullish Falling Wedge, indicating a possible trend reversal. This pattern suggests that the downward trend may be coming to an end. A breakout from the wedge could lead to a significant upward movement in price. The Bullish Falling Wedge is a positive indicator, signaling a potential price surge. Investors are showing optimism about ATOMUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. ATOMUSDT is positioned for a potential breakout and significant gains.
Long
by CryptoWithJames