#SUI LONG IDEA - POSSIBLE SWING LONG#SUI is the one of the best coin that has bullish momentum currently.
I will be watching to marked 'Long Zone' for possible swing position.
LTF confirmation will be needed in order to open position.
Risk assests are doing good recently but we have still geopolitical risks currently.
Nothing i share is financial advice. Education purposes only.
#Altcoins #Crypto #altcoin #AltSeason2024 #SUI #SUINETWORK
SUIUSDT trade ideas
$SUI on the Rise: Multi-Month Trend Active, Targeting $20!Not counting on a full retracement for this move. It might just continue to rise, similar to how CRYPTOCAP:SOL did when it broke above the $30 mark. However, if by any chance it does retrace, one should consider buying anything below the $1.60 level.
I still believe it will go higher and enter a multi-month run closer to the $10 area.
The strength and reaction it just had are similar to CRYPTOCAP:PEPE 's before the massive run in February. Sure, there are different narratives and a significant difference in the timeframe, but it's worth keeping in mind for reference.
If we don’t go any lower—which is the most favorable case—I think the weekly block forming as a bearish candle should be used as an entry level and added to once it breaks above.
So, two scenarios: buying the low or reclaiming the candle’s low if it turns out to be a bearish candle on the weekly timeframe.
Miraculously wait for a retrace into the $1.60 area and buy.
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Bi-monthly Mode Active CRYPTOCAP:SUI
SUIUSDT trading opportunitySUIUSDT recently made a strong bounce towards a key demand zone, forming a potential bullish flag. We're monitoring for a decisive move at this critical level; a breakout above could trigger significant volatility toward the neckline area. Conversely, a drop from this level may drive the price toward a strong accumulation zone. Share your views on SUI in the comments.
What awaits SUI after a new ATH?As the SUI surged past $2, the bulls utilised all their strength to push the price beyond the current ATH. Now that the price has achieved new highs at $2.36 during the early trading hours, the traders appear to have become optimistic about the next price action. Therefore, the price is bound to keep up the bullish trend as the crypto is gaining back the lost momentum and attention.
Hence, the SUI price may eventually stabilize within the price discovery phase and eventually maintain a steep ascending trend and achieve higher targets.
SUI has been largely compared to that of the 2021 Solana price rally, which triggered a monstrous jump beyond $220. With the latest price rise, the SUI price has been certified as the beginning of a fresh upswing. Therefore, the price is believed to head towards the next target at $2.5 to $2.55 but only after it reaches certain conditions.
The chart displays immense strength among the bulls as the price maintains a steep ascending trend within a rising parallel channel. The token just hit the upper resistance, forming a new ATH, which may result in a minor pullback to the average bands of the channel. The StochRSI is heading towards lower support, while the short-term MACD suggests a drop in the buying pressure. This validates the bearish narrative in the short term, which may drag the levels to $2.16 in the next couple of days.
However, after the bulls regain power, a rebound could be generated at the average bands, which may revamp a strong upswing to form a new ATH above $2.4. However, these are minute price actions, but in the wider perspective, the Sui price appears to be primed to close the monthly trade around $3 and reach $5 by the end of the year.
#SUI price will first to break into the alt-season ?)At the moment, the inverted Head and Shoulders on OKX:SUIUSDT chart are drawn quite technically and “by the book”.
Even such an important factor as increased trading volumes in the right shoulder is being fulfilled, and this is especially evident in trading OKX:SUIUSDT.P futures.
Now, CRYPTOCAP:SUI buyers have one task - to keep the price above $1-1.05
Fulfillment of this condition will guarantee growth to at least $1.50, and if you're lucky, up to $2.40
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#SUI hits a new record high, beware of a pullback📊#SUI hits a new record high, beware of a pullback📉
🧠From a structural perspective, the goals of the daily bullish structure have all been achieved, and a new record high has been hit again, so we need to be wary of the risk of a pullback. The selling pressure near the ATH is relatively heavy, and a bearish head and shoulders structure is constructed on the one-hour chart, so the probability of continued decline is relatively high. Don't chase the rise in the resistance zone.
Let's see👀
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BITGET:SUIUSDT.P
Sui near critical level
Hi there , Sui has broken the downtrend channel Successful.
And now the price has come close to reaching a crucial point.
Therefore, if the price cannot pass the important point.
It will be able to go deeper. If not, we'll go higher!
good luck.
***Important this scripts are for informational & educational purposes only.
Past performance does not guarantee future results. ***
Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap .
The recent price surge of the SUI token can be attributed to several key factors :
1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike.
2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors.
3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers.
It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again.
Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) .
According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ).
I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% .
Sui Analyze (SUIUSDT), Daily time frame⏰.
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SUIUSDT Bullish move(Road- Map)I want to examine the Sui today.
SUI is in a bullish trend when it makes HH and HL (higher highs and higher lows).
According to TP-1, it may reach 3 in the near future. According to a fib retracement, it has already made the necessary corrective and is now set to advance toward the upward target.
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.85
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.90
First target 2.00
Second target 2.06
Third target 2.15
SUI, Just imagineThis chart is for imagination purpose only.
if the October to march season hit, we could very well imagine this.
The fractal on the chart comes from the previous move of October 23" to February 24".
27 million holders
Just imagine, that's all.
"That's it, that's the idea" - Good night !
Buy Trade Strategy for SUI: Harnessing Fundamental Potential**Descrizione**:
This trading idea explores the buy potential of the cryptocurrency SUI, which is gaining attention due to its innovative approach to decentralized applications (dApps) and smart contract functionality. SUI is designed to offer scalability, low transaction costs, and a secure environment for developers building on its platform. With a strong team of developers and increasing adoption within its ecosystem, SUI is positioned as a potential long-term player in the blockchain space.
That said, the cryptocurrency market is inherently unpredictable, and SUI, like other digital assets, is subject to external factors such as market sentiment, regulatory changes, and technological competition. Engaging with SUI in the market should be done with caution and careful consideration of the potential risks involved.
**Disclaimer**:
This trading idea is intended for educational purposes and does not constitute financial advice. Cryptocurrency investments, including SUI, involve significant risk, and you could lose all of your invested capital. It is crucial to conduct your own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future outcomes, and the cryptocurrency market is highly volatile.
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move.
The Road Ahead: A Tale of Three Scenarios
Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment.
A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue.
The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations.
The Path Forward
As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions.
Tips:
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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.