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! ❤️
Suiusdt
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.
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
#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
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.
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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
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. 🐋
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, supporting the upward move with a breakout.
We have a support area at the lower boundary of the channel at 2.17.
Entry price: 2.24
First target: 2.27
Second target: 2.32
Third target: 2.38
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.
SUI ready to provide structure? Be prepared for downside.SUI is at a good level, to get some support. There are further levels to get support below. However, a pivot structure can be built here. Momentum has room to get further oversold, but some downsides could still happen. DCA is the best strategy.
Full TA: Link in the BIO
CFXUSDT UPDATECFXUSDT is a cryptocurrency trading at $0.0788, with a target price of $0.1400. This represents a potential gain of over 80%. 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 CFXUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. CFXUSDT is positioned for a potential breakout and significant gains.
SUI/USDT:BUY LIMITHello friends
Due to the heavy price drop, it can be seen that the buyers have supported the price well at the specified support and by hitting higher ceilings and floors, they are giving us a sign that they have good strength. Now we can buy in steps with capital and risk management and move to the specified targets.
Don't forget to save profit on each target.
*Trade safely with us*
SuiUsdt Trade setup 12-15% upside ??recent impluse momentum with a formation of HL on 1h could be a sign of trend change
trade entry at2.300 to 2.350 demand zone further up at 2.5 can be the potential pullback area and could then face resistance at 2.65
and considering the down side risk at 2.200 can be the stop loss as it is recent low that bulls will try to defend
#SUI/USDT#SUI
The price is moving within a descending channel on the 1-hour frame and is expected to continue lower.
We have a trend to stabilize below the 100 moving average once again.
We have a downtrend on the RSI indicator, supporting the upward move with a break above it.
We have a resistance area at the upper limit of the channel at 2.55.
Entry price: 2.52
First target: 2.40
Second target: 2.32
Third target: 2.20
SUI - Falling Wedge - Confirmed BreakoutBINANCE:SUIUSDT (1D CHART) Technical Analysis Update
SUI is currently trading at $2.77 and showing overall bullish sentiment
Price has formed nice falling wedge and we see a clear breakout from the falling wedge pattern. I'm expecting this trend to hold and read the resistance level around $5.3
Entry level: $2.7
Stop Loss Level: $1.8
TakeProfit 1: $3.1
TakeProfit 2: $4
TakeProfit 3: $5.3
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
SUI ANALYSIS🚀#SUI Analysis :
🔮As we can see in the chart of #SUI that there is a formation of "Falling Wedge Pattern". In a daily timeframe #SUI broke out the pattern. Expecting a bullish move in few days if #SUI retest the levels
⚡️What to do ?
👀Keep an eye on #SUI price action. We can trade according to the chart and make some profits⚡️⚡️
#SUI #Cryptocurrency #TechnicalAnalysis #DYOR
#SUI/USDT#SUI
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading towards a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 2.20.
We are experiencing a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are heading towards stability above the 100 Moving Average.
Entry price: 2.26
First target: 2.32
Second target: 2.40
Third target: 2.47
SUI/USDTHello friends
You can see that after the price fell in the specified support area, the price was supported by buyers and caused the resistance to break, and now, when the price returns to the specified ranges, you can buy in steps and move with it to the specified targets, of course, with capital and risk management...
*Trade safely with us*
SUI - Last Growth Ahead Before Bear MarketHello, Skyrexians!
It's time to update BINANCE:SUIUSDT idea. Last time we pointed out that wave 3 has been finished and correction incoming. Now we are seeing this correction. Today we got the indicating that correction is over and we can see the great growth soon.
Let's look at the weekly chart. Here we can see the Elliott waves structure. Wave 3 has been finished at the recent top. Awesome oscillator gives us the hint that bull run will continue, but now that much because we have only wave 5 ahead which has a target $5-7 in the next 3-6 months. The strong confirmation that correction is over is the green dot on the Bullish/Bearish Reversal Bar Indicator below the alligator's lines.
Best regards,
Skyrexio Team
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