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DreamAnalysis | SUI Coin Analysis Key Spot and Futures Triggers📊 Welcome to Today's Analysis! Today, we're diving into the SUI coin, exploring its potential and sharing key entry and exit triggers for futures trading. Let’s get started! 🚀 Overview of SUI Coin: The SUI coin operates within the blockchain and DeFi sectors, and it has recently garnered significant hype. This excitement is clearly reflected in its chart, indicating strong market interest. 📈 Daily Timeframe Analysis: In the daily timeframe, after breaking the trigger at 1.0193, the price has experienced substantial growth and has now reached resistance at 1.8339. Currently, the price is consolidating just below this resistance level. 🔄 Next Steps: I believe the price will wait for the SMA25 to align with the candles before any momentum enters the market. If it breaks through 1.8339, we could consider both long futures positions and spot purchases. If momentum doesn’t materialize, the price may correct to the 0.382 Fibonacci level, which coincides with 1.4324, before initiating its next movement. As long as the price maintains higher highs and higher lows in the daily timeframe, I view the trend as bullish and will refrain from selling in the spot market. The most critical support level for SUI is at 0.7562. 🛒 Spot Buying Triggers: In addition to the 1.8339 trigger, I prefer the more reliable trigger at 2.1325 for spot purchases, while opening a futures position at the first trigger. The RSI entering the overbought zone will provide additional confirmation for both triggers. ⏱️ 4-Hour Timeframe Analysis: In the 4-hour timeframe, the weakness of the bullish trend is quite evident. After breaking 1.4324, the volume has decreased significantly. Following this, there was a notable rejection at resistance 1.9009, and the price is currently resting after reacting to the 1.6260 range. ⚠️ Short Position Considerations: Breaking the trigger at 1.9009 is a viable but risky option for a short position. Given the ongoing bullish trend in the daily timeframe, the risk of hitting a stop loss is high. We could consider opening a primary short position after breaking 1.4324. A break below 44.43 in the RSI could confirm the entry of bearish momentum. 🌟 Long Position Opportunities: For a long position, breaking 1.9009 presents an excellent opportunity. I aim to open a long position after this resistance is broken. The next trigger for a long position is 2.1325, which I believe is more suited for spot trading, as opening a futures position may prove challenging. 🔍 Conclusion: Stay vigilant with your trading strategies and keep an eye on these key levels as we navigate the market! Happy trading! ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by DreamAnalysis
SUI uptrend endAs can be seen from the 4H chart, SUI has diverged At the same time, it also reached the previous high point. And the retracement fell below the previous low of 1.65 So I think this is the end of this rally. Next, the short side should be the main one If it falls below the low of 1.59 of this retracement Then TP1 is placed at 1.48 If it does not fall below And a new consolidation is formed in this area You should go out first and observe what happens next. Wait for a new trend to form before continuing to operate #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Short
by Jobs_lin
Sui price skyrocketed 140% in September: is ATH possible?Sui (SUI) Price, a Layer 1 blockchain token, has seen a significant uptick in market valuation recently. Despite broader market downturns, the SUI price has surged over the past week. This increase positions SUI holders advantageously as optimism in the altcoin sector rises, potentially setting the stage for a robust October rally. Following the launch of its mainnet, the Sui Foundation introduced the Sui Bridge. This new feature enhances connectivity between the Ethereum and Sui networks by enabling secure asset transfers. This development is anticipated to draw new users and boost liquidity, further propelling Sui’s growth trajectory. The SUI price has steadily climbed over the past 24 hours, as shown in the chart. At the time of reporting, the SUI price stands at $1.87, marking a 5% increase for the day. The coin has encountered a notable barrier at the $2 level. Market conditions could soon favor an increase towards this mark. A rise to $2.18 would equal its peak from six months ago on March 27, 2024. Such a development could lead to a nearly 15% increase from its current level. The Moving Average Convergence Divergence (MACD) indicates a potential shift in momentum. The MACD line converges towards the signal line, suggesting that a bearish crossover might be imminent. This is underscored by the histogram moving into the red zone, a sign that bears may be gaining strength. Sui’s impressive price surge, growing TVL, and increased investor confidence signals strong potential for further gains. However, technical indicators suggest caution, as market conditions could shift. A move past $2 may set the stage for new highs
by paul_endeo
SUI/USDT UptrendSUI/USDT is currently in an uptrend, supported by the ascending trendline and EMAs. SUI is currently in a consolidation phase above the EMAs (Exponential Moving Averages), which have been acting as strong support. The MACD is showing signs of consolidation. The MACD lines are getting closer, suggesting a possible bullish crossover. The histogram, with bars close to zero, reinforces that the market is in a moment of indecision. It is important to wait for a clear MACD crossover to confirm a new direction. Support: 1.8125 / 1.7204 Resistance: 1.9341 / 2.0125
Long
by ferulianov
SUI Recovery in Play: Targeting $1.44 After Key BreakoutAfter reaching an all-time high (ATH) above $2 at the end of March, SUI entered a correction that pushed the coin below the key $1 level, reaching a low just under $0.50 on August 5th. However, SUI quickly recovered, and by August 8th, the SUI/USDT pair had broken above the falling resistance line of the channel, hitting a high above $1 on August 12th. Following this move, the coin consolidated below this critical level, forming a clear higher low around the $0.75 zone. Currently, SUI is trading back above $1, sitting just below an important technical resistance. A breakout above this resistance appears imminent, with the first target for further upside being $1.44, representing a potential 40% rise. Looking further ahead, if the broader crypto market continues to show optimism toward the end of the year, SUI could potentially retest its previous ATH above $2.
Long
by Mihai_Iacob
1
Up 46% Since Last Entry. What's next? 🔥📊 SUI Surges 47% Since September - Is $3 Next? 💥 Since my last post on September 19th, SUI has soared by 47%, moving from $1.31 to the current $1.88. We’re now approaching the first major resistance at $2.03, where I'll be considering taking some profits. However, the next big target is at $3.02. For more details on mid-term targets, be sure to check out my previous chart linked below. As always, October tends to be a historically strong month for the markets, so this momentum could continue. Stay sharp, and let’s make the most of it! One Love, The FXPROFESSOR 💙 Main chart and levels:
Long
by FX_Professor
SUI breaks out with 132% volume surge: is a bull run ahead?Sui (SUI) is capturing the market’s attention with its recent price movement and increased trading volume. Many traders and analysts are wondering whether this momentum could signal the start of a sustained uptrend. Therefore, it’s essential to examine key market metrics to understand the full picture. At press time, SUI was trading at $1.73, reflecting a 2.98% increase over the past 24 hours. This steady rise signals growing confidence among investors. Furthermore, Sui continues to test important resistance levels, which highlights the bullish sentiment surrounding the token. The widening Bollinger bands between $1.40 and $1.97 suggest that volatility is increasing. In addition, the RSI stands at 78.02, deep in overbought territory, indicating robust buying pressure. However, traders should remain cautious, as overbought conditions sometimes signal a potential short-term pullback. Moreover, the surge in SUI’s trading volume is undeniable. With a massive 132.55% increase, the volume now sits at $2.71 billion. This significant rise underscores growing interest in the token across both spot and derivatives markets. Historically, such volume spikes have preceded sharp price movements, and therefore, this increase could propel Sui’s price even higher in the coming days. Given the current market conditions—rising price, surging volume, and increasing social dominance—SUI appears poised for continued growth. While short-term pullbacks may occur, the data overwhelmingly supports the likelihood of a new uptrend. However, traders should stay vigilant as markets can shift quickly.
Long
by paul_endeo