SUI is at dangerous levels. caution is to be hadSUI is strong! but a deeper correction is still on the table for it
SUIUSDT trade ideas
SUI: Short term running out of steam?SUI remains in a bullish structure, but the confluence of resistance signals—RSI levels, Fibonacci extensions, and historical patterns—suggests a temporary pause or pullback. If other altcoins present better setups, it’s wise to consider reallocating. Additionally, retaining a portion of SUI for the potential continuation of the 4-year cycle rally aligns with a balanced risk strategy.
Healthy Moving Averages: The position of moving averages on daily and weekly timeframes indicates the uptrend remains intact, offering potential for continued bullish action.
RSI Considerations:
Daily RSI Convergence: Suggests momentum is slowing as price approaches resistance. This could lead to a reversal or consolidation.
Weekly RSI at 80: Historically, this level has coincided with peaks in price action, signaling overbought conditions.
Fib Extension Target: Price hitting the peak Fibonacci extension from the first pump confirms a key resistance level. This often acts as a natural barrier where profit-taking occurs.
Historical Behavior: SUI’s tendency to lead altcoin rallies and its earlier slowdown in early 2024 suggests a repeat cycle where it might again cool off before other assets.
4-Year Cycle Potential: While there’s room for another major run to the upside, the signals you’ve highlighted suggest a short-term pullback or consolidation phase before the next move.
Additional Considerations
Profit-Taking Strategy: Rotating profits into stronger or earlier-stage setups within the altcoin market may optimize your returns while mitigating risk.
Market Sentiment: Broader market dynamics (e.g., BTC dominance, macroeconomic conditions) could influence SUI’s trajectory and its correlation to other altcoins.
Volume Confirmation:
Monitor for any divergence between price action and volume; declining volume on upward moves could signal weakening momentum.
SUI price smashed a new ATHSince the markets recovered after gaining some momentum in recent days, altcoins have gained significant traction. In the meantime, the SUI price attracted a huge buying volume as the trading volume surged by above $3.6 billion. As a result, the price led an impressive 35% rise since the last trading day and smashed a new ATH at $4.86. After achieving fresh highs, the token does not appear to halt its rising trend, as the bulls are eyeing much higher targets well above $5 or $6.
The historical price action of the token suggests a breakout from a huge bullish pattern and as a result, a steep ascending trend could be fast approaching. The token broke out of the double-bottom pattern and after a small retracement, it has begun to swell. The technicals are currently extremely strong, which supports the bullish narrative. Hence the token is believed to maintain a healthy ascending trend as the RSI has made it to the overbought zone. As the levels are not displaying any possibility of a bearish divergence, the SUI price is expected to maintain a healthy upswing.
Besdies, the rising on-balance volume or OBV, supports the bullish narrative, which suggests the rally to be in a progressive stage. The token has already reached the 1.2 FIB at the current highs and the next level to watch is around $5.34, which is at 1.414 FIB. However, the major target remains at around 2 FIB at $2 and securing these levels could attract some bearish action, which may halt the steep ascending trend.
If the market continues to possess strong bullish momentum, then the SUI price rally may revamp a strong rebound and proceed towards the $10 milestone that could be the peak of the prevailing bull run.
SUI BREAKS OUT AGAINAnother all-time high for SUI! If you followed my briefly existing website, you may recall the videos I made about this when it was trading below a dollar and forming a massive bull flag. That pattern hit its target at $2.18… and then kept climbing.
SUI is once again breaking into uncharted territory, poised to continue leading the market. To confirm this momentum, we’ll want to see the daily close hold above $4.49 to avoid a potential fakeout.
Sui 300% for one monthAccording to the chart we have two sharp movements till 8 and after a little pulback we can go to the 12 , and macd has a strong cross above the line that prove that strong momentum . So what do you want to do?
SUI Turns Bullish (Market Update —Adapt & Change)Together with Bitcoin, SUIUSDT (Sui) is now growing strongly above a previously defined resistance level turned support.
The resistance in question was the March 2024 high (peak price). SUIUSDT broke decisively above this level which is now considered support (blue line). Any drops or retraces and this is the main level that will be tested. Any retrace or correction can be used as an opportunity to buy or go LONG.
Resistance is being challenged right now around $3.24. The next major target after this one is $4.97. Additional growth is possible long-term.
The Cryptocurrency market is now bullish. Bitcoin is bullish. The Altcoins are bullish. Adapt and change.
Thank you for reading.
Your support is appreciated.
Namaste.
SUI Swing ltf setupHere I see an opportunity for a sui long position starting with an entry at 50% of the ote that nicely aligns with a set of orderblocks that overlap themselves, I will target the bearish fvg bottom as my primary goal and I have also set an extension level of 120% on the fib as a possible secondary target SL at the recent swing low within the swing range I have marked out
SUI Swing ltf setupHere I see an opportunity for a sui long position starting with an entry at 50% of the ote that nicely aligns with a set of orderblocks that overlap themselves, I will target the bearish fvg bottom as my primary goal and I have also set an extension level of 120% on the fib as a possible secondary target SL at the recent swing low within the swing range I have marked out
SUI's fall from grace may be overThe 4-hour shows a MAC crossover near the oversold range, so a possible upward recovery is coming.
Volume is low so it could be a slow grind up unless we get some news.
worst case we go down to support 3.00 range.
SUI Outlook for December 2024Market Overview
BINANCE:SUIUSDT.P is currently trading near $4.16, showcasing moderate volatility. Below is a concise technical analysis:
Bullish Momentum:
The price recently tested a high of $3.94, supported by trading above key moving averages (MA7 and MA25), indicating positive momentum.
If support levels between $3.1–$3.4 hold, the pair could target resistance at $4.0–$4.2 and potentially extend gains toward $4.5–$5.0.
Downside Risks:
The pair has faced strong resistance near $3.94. Continued rejection at this level could lead to a decline toward the major support at $3.1 or further down to $2.5.
A break below the MA25 could intensify selling pressure, targeting $2.1 as the next significant support.
December 2024 Outlook:
Bullish Scenario: If SUI maintains its position above $3.4 with increased trading volumes, a rally toward $5.0 is possible.
Bearish Scenario: Failure to hold critical support may result in a decline to the $2.5–$3.0 range.
Recommendations:
Monitor trading volumes and support levels near $3.1 for clearer buy or sell signals.
Combine technical analysis with ecosystem updates to make informed decisions.
Note: Implement robust risk management strategies to navigate market fluctuations effectively.
Price Analysis: Key Support and Resistance LevelsBINANCE:SUIUSDT.P is currently trading within a range of $3.96-$4.02, with strong resistance at $4.10 and key support at $3.90. Technical indicators such as RSI reflect a balance between buying and selling forces, suggesting a neutral momentum. Moving averages indicate ongoing bearish pressure in the long term, while the MACD shows weak momentum. A breakout above $4.10 could push the price toward $4.25, whereas a breakdown below $3.90 may lead to declines toward $3.75. Caution is advised when trading, with clear stop-loss levels to manage risk effectively.
SUIUSDT Support and resistance levelSUIUSDT chart analysis for a client based on support and resistance
possible targets are shown based on S&R only
SUIUSDT SUIUSDT-DT
chart shows good HH-HL and upward momentum,
for short term profit area is 5.49 and 6.94 which can get 37% and 63% gain
from current level, stoploss is at 2.8
$SUI GO TO MOON BUT TAKE A LONG FIRSTtake a long with capital managment on Sui coin and go to sleep . this Coin have a big chance to be in top10 . just take a long or invest on it as spot . Sui will Go to moon . All targets and stop loss on the chart . good luck guys
A similar behavior Between ID and SUIStructurally these charts are almost identical
- Same low and higher low
-same rounding bottom pattern
Accumulate ID while its price is low.
It will become a trend and the talk of everyone as soon as it breaks the round bottom pattern just like what happend with SUI
Best regards Ceciliones🎯
Waiting #SUI/USDT to take this Sell-side LiquidityWaiting #SUI/USDT to take this Sell-side Liquidity before Buy-side Liquidity.
If CRYPTOCAP:SUI swept and didn't retrace back, it can revisit the 4H +OB. The local support level is PMH $3.9461.
Waiting #SUI/USDT to take this Sell-side Liquidity before Buy-siWaiting #SUI/USDT to take this Sell-side Liquidity before Buy-side Liquidity.
If CRYPTOCAP:SUI swept and didn't retrace back, it can revisit the 4H +OB. The local support level is PMH $3.9461.
#SUI. Corrections = Opportunities – Plan Ahead! 11/29/24Local market corrections are inevitable, and they present excellent opportunities to find strong entry points.
After securing 6x returns on #SUI, the euphoria has started to fade, and retail traders are being gradually calmed down, leading to the local pullbacks we’re now seeing for #SUI.
Accumulation on spot and opening swing positions should be considered in the $3.2 - $2.8 range, with an initial target of $4. After that, in my view, the price might dip to the $2.0 - $1.6 range before the true rally begins.
DYOR.
SUI Update As long as the price doesn’t drop below the bottom of the specified range box, we can expect SUI to break out and reach the $5 level.
good luck guys !
SUI or SOL, $5 or $300? You to Choose!SUI or SOL? WHat to?
As you could see in the previous chart for SUI, DITTO worked as doodled!
SO the Plans of the trade are as such, On days chart, The resistance are at such a juncture point that when short is happened thats the ideal point to buy. But as always, shall it has some power to fuel up, can go to approx 4.75 and then fall, so Ideally if CMP buying targets till 5. My ideal point of buys goes at 3.596 the red lines, so would take a hedged position of long first and short next. Going for BUYS to CMP and would trail SL to COST whenever possible.
What you can do? Take shorts to hold till the point, or wait for it to come to buy
