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Suiusdt

Will SUI keep up the trend after a new ATH?The SUI price has launched a fresh bullish attack as the bears seem to remain off-the-track for a while. The rise in the buying volume and pressure suggests the token is expected to maintain a strong ascending trend, even after breaching above the resistance of the rising expanding channel. Now that the token has found fresh highs around $3.3, the next pitstop could be around $3.5 which may just be a matter of time. The SUI price has experienced a massive rise in volume, which soared from levels below a billion to as high as $3.6 billion in just a couple of days. This huge influx of trading interest suggests the potential increase in the price, which could push the price beyond the interim highs. However, the bears are not expected to hinder the progress of the rally, and hence the SUI price rally is believed to follow the market sentiments until the end of 2024.
Long
by paul_endeo
The Banana Zone Series - SUI Buy the Dip Levels (6 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone. We continue the series with SUI. As you can see in my analysis, pull backs to $2.57 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season. For more aggressive traders, $2.79 and below can be the trigger longs with tight stops. Not a financial advice so DYOR.
by CryptoBreakers
$SUI WARNING: pump then dumpNYSE:SUI is experiencing a significant pump due to BlackRock's announcement of a specific NYSE:SUI trust fund. However, on August 3rd (and on the 3rd of every month until January 2025), NYSE:SUI will undergo a large token unlock for their Series B and C investors. The concern is that there was no immediate impact from this token unlock, suggesting that the VCs may be waiting for retail investors to FOMO into NYSE:SUI following the BlackRock announcement before they dump their coins. Once the FOMO cools down, it's likely that the VCs will sell, which could cause the price to drop. NYSE:SUI is currently in a downtrend, forming a falling wedge pattern due to the monthly token unlocks that began in July 2024. The upcoming inflation will be difficult for the market to absorb. The token unlocks will slow down in January 2025. DYOR
by CryptoNikkoid
5
Here I buy SUI at $2.50Here I buy SUI at $2.50 And I'm starting to buy this one with market orders at $2.50 I'm swalloing all sell orders starting from $2.50 And SUI supply shock is happening before your eyes. Remember: Action takers are money makers. Supply shock is my narrative I know you're here for the technology, but I'm here for the money. Switching your mindset from ''I hope I can do this'' to ''I'm going to make this sh# NYSE:T happen'', is a game changer And now that you're still in denial, you're gonna hear my voice when I shout it out loud It's bull maaaaarket it's now or never It ain't gonna last forever my buys are like an open HIGHWAY like frankie said I did it MY WAY I just want to buy while I'm alive. CRYPTOCAP:SUI #SUI
Long
by btcbullshark
Sui , the competitorUpdating charts consuming my energy or else i became lazy recently lol , here we have sui in a upward channel with the price close to the top although I’m not completely sure we’re gonna have a retrace from here but just in case i drew super cheap accumulation rectangle in blue for you beloved sharkie lads .first i started accumulation in 0.58 and still holding to see what market will do in the coming months, close to 20$ is my peak bull tp but will update in time . Stay safe .
CRYPTO:SUIUSD
by mastershark
1
SUIUSDT Long Setup Setting / Quick tradeBINANCE:SUIUSDT 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status🙂 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone: 1.872-2.1035 ⚡️TP: 1.9517 2.02 2.1035 🔴SL: 1.7654 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
$SUIUSDT : Ready for a Comeback Breakout!BINANCE:SUIUSDT is attempting to break out from resistance after a recent false breakout and subsequent retracement. With layer 1 blockchains gaining momentum, there’s potential for a significant upward move. Traders should keep an eye on key resistance levels as the price makes this push. It's crucial to manage risk effectively: always use a stop loss and only invest a small portion of your capital in any trade. This approach will help safeguard your investment while positioning you for potential gains. Follow us for more signals! BINANCE:SUIUSDT Currently trading at $2 Buy level: Above $2 Stop loss: Below $1.45 TP1: $3 TP2: $4.5 TP3: $6 TP4: $7 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
2
SUI, bound for SUI-PER gains soon, multiple x prospect!SUI has corrected heavily this past few weeks after touching a parabolic high at 2.0 zone. It trimmed down weightily to 0.6 area -- almost x3 from its highs. Now, SUI is hinting of a massive reversal after recent price breakout on its persistent bear channel structure. Expect some significant price recovery from the current zone of 0.80 with a possible re-tap of previous highs at around 2.0 ++. The current price point is an attractive seeding opportunity. This is a major order block where buyers will converge now. SUI visual data diagram is too tidy to be missed. The clues are obvious. Spotted at 0.80 Interim target set at 2.0 TAYOR.
Long
by JSAL
4
SUI: Will it hold steady? This week, SUI is set to release 64.19 million tokens, valued at over $100 million, as part of a scheduled token unlock. This influx represents 2.32% of SUI’s circulating supply, sparking speculation on how this event may impact the token’s price. With a current market cap of approximately $4.6 billion and a circulating supply of 2.76 billion tokens, it stands at a critical juncture as it prepares to navigate the effects of this release. As the 64.19 million SUI tokens become liquid, there is potential for increased selling pressure. This is common during token unlocks when early investors and team members gain access to previously locked assets. Given that this unlock represents over 2% of the circulating supply, a substantial number of these tokens entering the open market could exert downward pressure on SUI’s price if holders decide to sell. In the event of a selloff due to the unlock takes place, SUI’s price may test critical support levels. The 50-day moving average at $1.69 serves as the immediate support level. If breached, it could lead to further declines toward the $1.50 mark, where buyer interest might strengthen. Historical patterns from previous unlocks indicate that such events can heighten market volatility as traders react to the sudden increase in supply. If it fails to maintain its current price levels, it may experience a short-term struggle for recovery. Conversely, if it can remain above the 50-day moving average, this could encourage buyers to reenter the market.
by paul_endeo
SUI Jumped in TVL and Still Looks Bullish / Targets and PlansBINANCE:SUIUSDT COINBASE:SUIUSD Longterm Scenario 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. 🧐The Alternate scenario: If the price stabilize below the trigger zone, the setup will be canceled.
Long
by CrazyS
1
SUIUSDT: Major Bearish Reversal Ahead?Yello, Paradisers! Are you ready for a potential major shift in #SUIUSDT? The setup we’re analyzing may point toward a bearish move, but let’s break down the data to see if a market shift is truly on the horizon. 💎#SUIUSDT is displaying clear bearish momentum from the critical resistance zone around $1.9848. This level is crucial, as recent signals of a Change of Character (CHoCH) could indicate a structural shift, hinting at a potential reversal from the prevailing trend. Could this be the start of a breakdown in market dynamics? 💎On the other hand, if the price manages to hold at this level and doesn’t break down, we might see a bearish reversal develop from the next resistance at $2.1805. Here’s where patience is key—waiting for the price to tap into a bearish Order Block (OB) can prevent getting trapped in false moves and keep your strategy intact. 💎However, should the price break out and close a candle above the $2.1805 resistance, it would invalidate our bearish perspective. In that case, it’s best to stay cautious and on the sidelines, waiting for a more reliable setup to avoid unnecessary risks. Remember, Paradisers, the best traders don’t jump in without clear confirmations. Discipline and patience are your strongest tools here. Waiting for the highest-probability setups ensures you’re not just in the market but trading at the smartest, most strategic times. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
6
SUI still has potential for the gains, and here's why:Sui is the most popular layer-1 token, which has displayed immense strength within a short time frame. The price recovered from the losses and also formed a new ATH that displayed the huge confidence of the bulls over the token. Although the price has been facing massive bearish pressure due to increased sell-offs, in the long term, the token is believed to trigger a fine ascending trend.  The SUI price is facing massive upward pressure, which has compelled the price to plunge by over 18% from the highs. In times when a quick rebound is expected, the technicals suggest the price may continue with the prevailing trend and reach the local support at 0.618 FIB at $1.61. The bulls may display some strength and hold the rally above $1.6, which may further trigger a rebound. The DMI, which is close to undergoing a bearish crossover, validates the upcoming downtrend. However, the volume suggests a fresh influx of liquidity could be fast approaching as it has reached the ground levels after marking the highs. Hence, the bears seem to have extracted their profit that could further allow the bull to thrive and push the price above $3. Meanwhile, the other layer-1 tokens, like SEI, Aptos, & Solana, may also be considered for the upcoming bull run, as the trader’s confidence in the token appears to have remained unchanged regardless of the prevailing bearish influence. 
Long
by paul_endeo
SUIUSDT: Restesting ATH Support—Bull Run Resuming Soon!BINANCE:SUIUSDT is currently retesting its all-time high support and is poised to resume its bull run from here. After a healthy consolidation following the ATH breakout, it’s time for take-off! As a strong layer 1 blockchain with a robust community backing it, I’m expecting new ATHs in the near future. Keep an eye on this one! BINANCE:SUIUSDT Currently trading at $2.14 Buy level: Above $2.1 Stop loss: Below $1.69 TP1: $3 TP2: $4.5 TP3: $6 TP4: $7 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Example of conditions for Chase the Rally Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (SUIUSDT.P 1D chart) It is necessary to check whether it can fall from the 2.2492 point and rise with support near the HA-High indicator (2.0299) on the 1D chart. Since the StochRSI indicator has entered the oversold zone, it is showing a strong downward trend. Therefore, it is highly likely that it will continue to fall further, so caution is required when trading. If it falls below 2.0299, 1st: 1.8735-1.9073 2nd: 1.6124 You need to check whether there is support near the 1st and 2nd above. Therefore, from a short-term and medium-term perspective, if the price is maintained above 1.6124, it is a time for additional purchase. In other words, I think it is a time when Chase the Rally is possible. At this time, if the Mid (50) line or HA-Low indicator is created and shows support, it will give you strength to proceed with additional purchase. - The important thing to proceed with Chase the Rally is that the long-term moving average line is in a regular array. If not, it should be considered as a purchase, not Chase the Rally. In this chart, the M-Signal line of the 1W and 1M charts corresponds to the medium- to long-term moving average line. -------------------------------------------- (1h Chart) If you touch the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart, there is a high possibility of volatility. Therefore, you can start trading depending on whether there is support around here. However, since the 5EMA of the 1D chart or the M-Signal of the 1D, 1W, 1D chart is for viewing trends, you should draw support and resistance points on the 1M, 1W, 1D charts and check whether there is support around those points and respond. Since the current chart is a 1h chart, if there are no support and resistance points drawn on the 1M, 1W, 1D charts, you can start trading with the support and resistance points of the 1h chart. However, a short and quick response is required. - The StochRSI indicator is showing signs of forming a double top. Therefore, if it falls below 2.088-2.0238, it is likely to touch around 1.8735-1.9073. If the StochRSI indicator is reset while falling to the oversold zone, and the price maintains around the M-Signal line on the 1D chart, I think it is highly likely to turn upward. - Reflecting this movement, it is expected that the trend will be formed depending on which direction it deviates from the box range (1.9752-2.0761) of the HA-Low indicator. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
SUI Price Holds Strong Above $2, Eyeing $3The price of CRYPTOCAP:SUI is holding firm above $2, fueling speculation that the altcoin might be gearing up for a significant rally. With growing market confidence and increasing attention from smart money, CRYPTOCAP:SUI could be primed for a breakout run towards $3, with the $2.45 mark serving as a crucial milestone. Technical Overview CRYPTOCAP:SUI has experienced a notable 3.71% price increase in the past 24 hours, pushing its market cap closer to $6 billion, currently standing at $5.81 billion. Trading volumes have surged to $928 million, reflecting the heightened market activity and growing interest in the altcoin. The price is now testing support at the $2 mark, an important psychological level, as traders wait to see if CRYPTOCAP:SUI will sustain its upward momentum. At the time of writing, SUI is trading at $2.03 down 2.41%, bouncing back from the previous low of $1.9745. This bullish reversal increases the likelihood of a Morning Star pattern forming on the daily chart, signaling potential for continued upward movement. In the 4-hour chart, CRYPTOCAP:SUI is trading within a rising channel pattern, with the price currently retesting the critical $2 support near the trendline. A bullish reversal within this channel suggests that CRYPTOCAP:SUI could soon challenge overhead resistance at $2.45, paving the way for a breakout towards $3. Is a $3 Breakout Possible? For SUI to achieve its price target of $3, it must first break through the overhead trendline resistance. Based on Fibonacci levels, the next major target lies at $3, corresponding to the 1.618 extension on the daily chart. This level could become achievable if CRYPTOCAP:SUI clears the $2.45 resistance. Three days ago, CRYPTOCAP:SUI hit a new all-time high of $2.36, but recent market FUD surrounding a rumored $400 million insider sell-off caused a minor retracement. However, SUI’s foundation has denied these claims, and the market is now regaining confidence in the altcoin. A key indicator of this renewed optimism is SUI's Funding Rate, which briefly entered negative territory during the FUD, signaling bearish sentiment. However, the Funding Rate has since turned positive, showing that traders are once again taking long positions and betting on a price rebound. The Balance of Power (BoP) indicator also supports this bullish outlook, as the BoP has shifted in favor of buyers, suggesting that bulls are beginning to outpace bears. As a result, SUI’s price could soon rise above $2.11, setting the stage for a potential new all-time high. SUI Price Prediction With SUI holding strong support at $2.05, a renewed push towards $2.36 is likely in the near term. If SUI can break this resistance, a further rally towards $2.55 and beyond could occur, representing a 20% increase from current levels. However, if bearish sentiment reemerges and sellers take control, SUI may retrace back to $2.05. A break below this level could see the price decline to $1.84, negating the current bullish setup. Conclusion CRYPTOCAP:SUI is showing strong technical and fundamental signs of a potential rally, with a $3 price target within reach if current trends continue. While the altcoin is currently benefiting from renewed market confidence, traders should watch key levels like $2.45 and $2.36 closely, as a breakout could signal the start of a major upward move.
Short
by DEXWireNews