Get started

SUI / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SUIUSDT trade ideas

SUI is Super Bullish - DO NOT MISS THIS DIPCRYPTO:SUIUSD This is the right time to invest in SUI BUY around $3.2 Weekly Roof Top: 5$ Monthly Roof Top: 7$ Yearly High: $11.9 🤣Exaggeration Omitted I have realized that retailers are worth nothing in this market they are greedy and make emotional decisions. So I am teaching the institutions now. After all I AM THE CHIEF All I have to do is to provide yall money printing (or should I say “digit coding”) lizards with a picture that you are inept to do by yourself. Gucci Mane said it well “Lately I been hanging by myself”. Being a Crypto Trader is like Being Tupac “ALL EYES ON ME” Crypto Chief signing out
Long
by JohnnyPlayerOfficial
SUI/USDT 1H: Accumulation in POC Zone – Targeting $3.40 Next?SUI/USDT 1H: Accumulation in POC Zone – Targeting $3.40 Next? 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Condition: Price at $3.13, consolidating within the equilibrium zone after rejection from $3.40. Hidden bullish divergence forming on RSI, indicating accumulation as price makes equal lows while RSI forms higher lows. Market Makers likely positioning within the Point of Control (POC) zone for a potential move higher. Strong support at $3.10, aligning with FVG fill zone, reinforcing demand. Trade Setup: Confidence Level: 8/10 – Strong setup with favorable risk-to-reward. Entry Zone: $3.12-$3.15. Targets: T1: $3.40 (previous resistance). T2: $3.60 (premium zone). Stop Loss: Below $3.05 (key invalidation level). Risk Score: 8/10 – Smart Money accumulation signals strong upside potential, but confirmation is required. Market Maker Intent: Accumulation in progress within the equilibrium zone. A break above $3.20 will confirm bullish continuation and increase momentum. Multiple premium zones above suggest potential for extended upside moves. Recommendation: Long positions favorable within $3.12-$3.15. Watch for a break above $3.20 to confirm bullish momentum. Maintain a tight stop-loss at $3.05 for risk management. Confidence Level: 8/10 – Strong Smart Money accumulation signals, with confirmation key for continuation. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Long
by Cryptokijker
$SUI has dropped 41% from the ATH: buy-the-dip LEVELSCRYPTOCAP:SUI has dropped 41% from the ATH recorded a month ago. The smell of blood has me triggered, so... time to look for some positions. Obvious levels for me are just below: - The Golden Pocket ($2.79 - $2.89): Self-explanatory. Already had a long position triggered from there during the last flash crash. This time, only looking for a spot top-up—this buy zone is just 8-11% below, too risky to add another long. - The 200 Moving Average (MA) at $2.59 (green line): Uptrending, healthy distance below (-17%)—far enough to catch some wicks, solid support. Low leverage long addition + more spot. Stop Loss: Daily close below $2, but not expecting that to happen—too strong of an asset. One of the few I want to keep accumulating. If we get altseason, this thing is going to outperform most of the top 20 alts—if not all of them. Also convinced that the meteoric rise of SUI has suppressed CRYPTOCAP:ETH . One of the key reasons being that SUI and CRYPTOCAP:SOL are the closest competitors to the OG layer 1. Indicators & BTC Pairing: - RSI in a clear downtrend—if a further drop happens, hitting my buy zones, RSI will be oversold. - SUI/BTC chart: Strong support 17% lower. - Momentum indicator already broke out of the downtrend—positive sign. - Bullish divergence flashing—not many alts this strong relative to BTC. So, to sum up: STRONG support levels, low risk, good sleep. An underrated asset in itself—constantly in short supply. 👽💙 PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included also the mentioned SUI/BTC chart and Liquidations Heatmap. See you there:)
by ColdBloodedCharter
1
SUI DAILY First retest of the 1D 200 EMA since September '24, and a fill of the FVG area. A very strong reaction off that level but the overall trend of Lower Highs and Lower Lows signals a bearish trend. For that reason a golden pocket rejection could be the play if price reacts off that level, SUI would then target a move to fill the wick if breaking it can break under the 1D 200 EMA. I would look to go long if the Lower High is taken out and 1D 200 EMA is confirmed as support.
by ProR35
2
SUI/USDT 1H: Oversold and Accumulating – Bounce to $3.60 ?!SUI/USDT 1H:Analysis 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Structure: Price at $3.36 consolidating within the equilibrium zone after breaking below the $3.60 support. Market structure remains bearish but shows signs of potential bottoming. RSI at 36.91, indicating oversold conditions and a possible recovery. Smart Money Concepts: Hidden bullish divergence forming on RSI, suggesting that Smart Money is accumulating near the $3.30-$3.35 demand zone. Liquidity appears to be building below $3.30, with market makers potentially preparing for an upward move. Key Levels: Resistance: $3.60-$3.70 (supply zone). Support: $3.30-$3.35 (demand zone). Stop Loss: $3.28 (below key support). Targets: T1: $3.45 (intermediate resistance). T2: $3.60 (key resistance level). Risk Score: 7/10 – Moderate risk, with oversold conditions and divergence providing a favorable setup. Market Maker Intent: Accumulation likely occurring near the demand zone. Price action suggests a potential move back to $3.60, with confirmation needed above $3.40. Recommendation: Long entry favorable within the $3.35-$3.36 range. For a safer setup, wait for confirmation above $3.40 to secure momentum. Maintain tight stops below $3.28 to minimize risk. Confidence Level: 7.5/10 – Favorable setup supported by technical and Smart Money signals. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Long
by Cryptokijker
Sui (SUI) Eyes a Break Above $4 – But There’s a Catch!Sui (SUI) is following a pattern similar to Solana's price movement, recently touching lower support along its ascending trendline. However, unlike SOL, SUI is showing growing bullish momentum, potentially flipping bearish sentiment into a strong recovery. At $3.57, SUI is battling key resistance after briefly touching $3.6. The MACD is signaling reduced selling pressure, with a bullish crossover approaching. Additionally, the Chaikin Money Flow (CMF) has triggered a bullish divergence, confirming increased buying volume. 🔹 What’s Next for SUI? 📉 Short-Term Pullback – SUI may briefly dip below $3.50, creating a prime buying opportunity. 📈 Bullish Breakout – If buyers step in, SUI could surge past $4, confirming an uptrend. While a minor dip is likely, the growing bullish momentum suggests SUI is positioning for a breakout beyond $4 in the coming days. Can it sustain this momentum and rally higher?
Long
by paul_endeo
1
Is SUI Bottoming Out? Bulls Show Immense Strength at Key Levels!Yello, Paradisers! Could this be the moment #SUIUSDT finally locks in a strong bottom? The price has just retested a major breakout level, leaving behind a long lower wick—a clear sign of aggressive buying at lower levels. The question is, are the bulls ready to take full control? Let’s break it down. 💎#SUI is currently sitting on multiple layers of strong protection, reinforcing the possibility of a long-term bottom and reversal. The first key level is at $3.05, where moderate support has formed. Since November 12th, SUI has not closed a single session below the $3.00 mark, proving that bulls are fiercely defending this zone. 💎But that’s not all. An even more critical support region lies between $2.45 and $2.30—this was the major breakout zone that fueled the last explosive rally. This area is further fortified by the 200-day moving average (MA-200), making it an incredibly tough level for sellers to crack. Any bearish move into this zone will likely face serious resistance, forcing sellers to think twice before pressing lower. 💎Meanwhile, bulls are flexing their strength, successfully rejecting a deeper downturn. If this momentum holds, SUI is well-positioned to test the $4.20 - $4.50 resistance zone next. But here’s the real game-changer: a breakout above this level, backed by strong volume, could trigger a major upside move, setting SUI up for a run toward $6.80 - $7.20. Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
SUI/USDT - Wave 5 Bullish Setup 📈 Timeframe: 1W (Weekly) 🔍 Targeting $7 - $11+ in Wave 5! 🔎 Elliott Wave & Fibonacci Analysis SUI/USDT appears to be in a Wave 4 correction, setting up for Wave 5 expansion. The analysis is based on Elliott Wave principles and Fibonacci retracement/extensions. 📌 Elliott Wave Count 1️⃣ Wave 1: Initial impulse move up. 2️⃣ Wave 2: Retracement and accumulation phase. 3️⃣ Wave 3: Strongest rally, forming the peak. 4️⃣ Wave 4: Current pullback, possibly completing soon. 5️⃣ Wave 5: Expected bullish breakout, targeting key Fibonacci extensions. Wave 4 correction seems to be holding near the 0.382 Fibonacci retracement ($3.02). If this support level holds, we expect Wave 5 to extend towards $7.07 - $10.92. 🔹 Fibonacci Retracement & Extension Levels Level Price (USDT) Role 0.382 Fib Retracement $3.02 Key support (Wave 4) 0.5 Fib Retracement $1.99 Deeper correction (Invalidation level) 0.382 Fib Extension $7.07 First target 1.236 Fib Extension $8.11 Mid-target 0.618 Fib Extension $10.92 Final target 🔸 Support & Resistance Key Zones Immediate support: $3.02 (0.382 Fib) Strong resistance: $4.50 - $5.00 (local highs) Final resistance: $10.92+ (0.618 Fib extension) 📊 MACD & RSI Confirmation MACD (Momentum Analysis) ✔️ Bearish crossover occurred during Wave 4 correction. ✔️ A bullish crossover on MACD would confirm Wave 5. ✔️ MACD Histogram Shrinking → Selling pressure reducing. RSI (Relative Strength Index) ✔️ RSI currently at 54.81 → Neutral (Not Overbought) ✔️ No overbought conditions → Room for further price expansion. ✔️ Possible bullish divergence forming → Stronger confirmation for Wave 5 rally. 🎯 Trade Plan 📥 Entry Strategy ✅ Entry Zone: Above $3.02 (0.382 Fibonacci level). ✅ Confirmation: Bullish engulfing candle or MACD crossover. 🎯 Take Profit Targets 1️⃣ Target 1: $7.07 (0.382 Fib Extension) 2️⃣ Target 2: $8.11 (1.236 Fib Extension) 3️⃣ Final Target: $10.92+ (0.618 Fib Extension) 🛑 Stop Loss ❌ Stop Loss Below: $1.99 (Invalidation level). 🚀 Bullish Confirmation Signals ☑️ Price holding above $3.02 (0.382 Fib retracement). ☑️ MACD bullish crossover (pending). ☑️ RSI maintaining above 50+ (not overbought). ☑️ Increased volume on breakout. 📌 Summary & Expectations 🔸 Bullish Scenario: If price maintains above $3.02, we anticipate a breakout into Wave 5, targeting $7.07 - $10.92+. 🔸 Bearish Risk: If price breaks below $3.02, we could see a deeper correction to $1.99 before a reversal. 🚨 Risk Management: Always manage risk properly. Use stop losses and adjust position sizing accordingly. 📊 Trade with confidence, and let's catch the Wave 5 move! 🚀🔥
Long
by WaveFibs
SUI/USDT 1H: Bullish Momentum Building – $4.20 in Sight?!SUI/USDT 1H Chart Analysis 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Structure: Price at $3.72 showing strong recovery after testing accumulation zone at $3.50-$3.60. RSI trending at 65, confirming strong momentum but not yet overbought. Significant volume spike on breakout above $3.50 resistance, signaling institutional interest. Smart Money Concepts: Market Makers accumulated heavily in the $3.50-$3.60 range, shaking out weak hands below. Currently transitioning to a markup phase, with the next target set at the premium zone ($3.90-$4.00). Strong bullish structure indicates continued upward movement. Key Levels: Entry Zone: $3.70-$3.75 Targets: T1: $4.00 (psychological resistance) T2: $4.20 (previous swing high) T3: $4.50 (extended target) Stop Loss: Below $3.45 (recent swing low). Risk Score: 6.5/10 - Favorable risk-reward ratio, but market volatility remains a factor. Market Maker Intent: Accumulation phase appears complete near the discount zone. Current price action suggests an upward move targeting liquidity pools near $4.20-$4.50. Recommendation: Long positions are favorable within the $3.70-$3.75 range. Monitor for volume confirmation above $3.90 to secure momentum. Maintain tight stops to protect against unexpected pullbacks. Confidence Level: 8/10 for bullish continuation toward premium zones. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Long
by Cryptokijker
CRYPTO BUY SUI @ $2.38ETH gas fees are too high and transaction speed is slower than other cryptos, Then SOL had low fees and faster transaction speed but couldn't handle to volume that the blockchain crashed and people couldn't swap coins when $trump launched that being said we have to look for the next coin that can I believe sui is a candidate and can potentially be a Solana killer. The only downside is the coin is new and hasn't been adopted by the masses like sol it still needs to withstand the test of time. If this coin reaches $200 USD from $2.38 it will be a 84x multiplier. Your welcome... Regardless this is an easy 1k to 5 digits type of play.
Long
by Toniboutit
TradeCityPro | Deep Search: In-Depth Of SUI👋 Welcome to TradeCityPro! In this analysis, I want to perform a Deepsearch on the SUI coin and let's dive into this project and examine all its details. 📣Introduction: ▪️Sui is a Layer 1 decentralized smart contract platform optimized for low-latency asset management. It is designed to offer high-speed transactions, scalability, and security while leveraging the Move programming language to define assets as objects. This unique model enables faster execution, parallel processing, and improved efficiency compared to traditional blockchain architectures. 🗝 Key Features of Sui: ▪️Object-Centric Model: Unlike account-based blockchains, Sui defines assets as objects, allowing for more efficient transactions and asset management. Move Programming Language: This secure and flexible language ensures customizable rules for asset creation, transfer, and mutation. ▪️Optimized Consensus Mechanism: Sui uses Byzantine Consistent Broadcast for most transactions, reducing the reliance on Byzantine Agreement, leading to lower latency and better scalability. ▪️Parallel Execution: Smart contract execution is naturally parallelized, allowing the system to process multiple transactions simultaneously, unlike traditional blockchains that rely on sequential processing. ▪️Trust-Minimized Bridges: Sui supports trust-minimized cross-chain interactions, enhancing interoperability with other blockchain ecosystems. ▪️Governance & Checkpointing: These operations are conducted off the critical latency path, further improving efficiency. Sui Blockchain Ecosystem Validators & Full Nodes: Sui relies on a decentralized set of validators for transaction verification and Full Nodes for auditing and data integrity. ▪️Mainnet & Network Architecture: Since its Mainnet launch in May 2023, Sui has seen rapid growth, supporting an expanding ecosystem of developers, decentralized applications (dApps), and enterprises. Tokenomics: The native token SUI is used for staking, transaction fees, governance, and economic incentives within the network. ⁉️Why Sui Matters⁉️ ▪️Sui is not just another blockchain—it is a highly scalable, developer-friendly, and efficient platform designed to support billions of users. Its horizontal scaling approach, coupled with its innovative transaction processing, makes it a strong contender in the evolving blockchain landscape. With enhanced speed, security, and interoperability, Sui aims to redefine the future of decentralized applications and Web3. 💵 Funding raising : $85.67 M (some of Investors : YZI Labs (Prev.Binance Labs), SamsungNext, Kucoin, Coinbase Venture ✅Certik Score: 87.42 📌SUI Contract: 0x2::sui::SUI 🔓Major Upcoming Token Unlocks : 01 May 2025 (1.07% Max supply) 📊Sui Token Sale & Economics: ▪️Total Supply: 10 billion SUI tokens ▪️Initial Circulating Supply: 500 million SUI ▪️Token Sale Price (Public Sale): 0.1 USDT per SUI ▪️Spotlight Allocation: 225 million SUI ▪️Spotlight Hard Cap: $22.5 million ▪️Individual Allocation Limit: 10,000 SUI (1,000 USDT per person) ▪️Supported Purchase Token: USDT ▪️Token Distribution: April 24 - April 26, 2023 ▪️Vesting Schedule: 1/13 unlocked at Token Generation Event (TGE). After 30 days, an additional 1/13 is released monthly until full distribution within 12 months. 👁‍🗨 SUI Token Utility & Role in the Ecosystem: ▪️SUI is the native token of the Sui blockchain, serving as both a utility and governance asset within the network. Its primary functions include: 1️⃣ Proof-of-Stake (PoS) Participation: ▫️Sui operates on a delegated proof-of-stake mechanism. ▫️Validators are selected and rewarded based on staked SUI tokens. ▫️Token holders can delegate SUI to validators for staking rewards. 2️⃣Gas Fee Payments: ▫️SUI is used to pay gas fees for executing smart contracts, transactions, and on-chain storage. 3️⃣ Ecosystem Utility & Liquidity: ▫️SUI powers various decentralized applications (dApps) on the Sui network. ▫️It is used in decentralized exchanges (DEXs), lending/borrowing platforms, gaming applications, and NFT marketplaces. 4️⃣ Governance & Decision-Making: ▫️SUI holders will participate in governance, influencing protocol upgrades, economic changes, and ecosystem decisions through on-chain voting. 5️⃣ Sui Storage Fund: ▫️Long-term sustainability is ensured through a storage fund that compensates future validators for maintaining on-chain data storage. ▫️This fund allows users to store data indefinitely, securing the blockchain's long-term viability. 👤Sui Founding Team: ▪️Evan Cheng – Co-Founder & CEO: Over 24 years of experience in platform development. Led developer-facing technology teams at Apple and Facebook (Meta). Focuses on scalability, infrastructure, and blockchain adoption. ▪️Sam Blackshear – Co-Founder & CTO: Creator of the Move programming language, used for smart contracts on Sui. Expert in programming language design, program verification, and developer tools. ▪️Adeniyi Abiodun – Co-Founder & CPO: Led engineering and product teams at Oracle, VMware, and Facebook. Over 10 years of experience in blockchain product development. ▪️George Danezis – Co-Founder & Chief Scientist: Professor of Security and Privacy Engineering at University College London (UCL). Specializes in peer-to-peer system security and privacy with 20+ years of experience. ▪️Kostas Chalkias – Co-Founder & Chief Cryptographer: Lead cryptographer with over a decade of experience in major tech firms like Meta and R3. Focuses on cryptographic security and privacy solutions for blockchain networks. 📉SUI's TVL: ▪️From January 1, 2025, to February 2, 2025, the Total Value Locked (TVL) in Sui increased from 398.48M SUI to 436.53M SUI. This represents a growth trend in TVL, indicating an increase in asset deposits and user engagement in Sui's DeFi ecosystem during this period. 📈Bridged TVL Trend in Sui: ▪️From January 2025 to February 2025, the Bridged Total Value Locked (TVL) in Sui increased from 1.28B SUI to 1.55B SUI. This significant growth suggests a higher inflow of assets from external blockchain networks into the Sui ecosystem, highlighting rising cross-chain activity and increased user trust in Sui's DeFi protocols. 💡What is Bridged TVL? ▪️Bridged TVL refers to the total value of assets transferred from other blockchains to Sui via cross-chain bridges. These bridges enable users to move assets like stablecoins, native tokens, or wrapped assets between Sui and other Layer 1 or Layer 2 networks 👝Some of SUI wallets: ▪️Sui Wallet ▪️Surf Wallet ▪️Suiet ▪️Ethos Wallet ▪️Nightly ◽️Sui Liquidity Pools: ▪️Suiscan ▪️Bluemove ▪️Cetus (This platform has DCA) ▪️Suiswap ▪️Bluefin ▪️Turbos ▪️Kriya ▪️Flameswap 📌Sui Staking: ▪️Sui wallet ▪️Suiscan ▪️Daic Some top projects in the Sui community in 2024: ▪️Walrus: Walrus is a decentralized storage protocol built on the Sui blockchain, designed to efficiently handle large binary files, such as videos and images. It employs advanced erasure coding techniques to ensure high availability and robustness, allowing data recovery even if up to two-thirds of storage nodes fail or become compromised. ▪️Sui Name Service: SuiNS is a naming service on the Sui blockchain that allows users to have unique identifiers such as alice.sui linked to their Sui accounts, simplifying transactions and enhancing user experience. SuiNS names are stored as NFTs in users' wallets, ensuring permanent ownership and high security ▪️Deepbook: Sui's first native liquidity layer, DeepBook, launched in 2023 as a means of supporting the DeFi ecosystem. ▪️Navi: One of Sui's early DeFi protocols, Navi combines a decentralized exchange (DEX) aggregator with liquid staking and lending. Boasting total value locked (TVL) of $714 million and over 800,000 users, NAVI continually innovates, deploying new features to maximize its user potential. ▪️Aftermath Finance: DeFi protocol Aftermath serves as a meta-aggregator for swaps on Sui. When users enter a swap, its technology analyzes the rates offered by other aggregators then finds a route to achieve the best result. 🔗Sui On-Chain Activity ▪️By analyzing Sui addresses over the past 7 days, we observe an increase in the number of active addresses, particularly new addresses (those conducting transactions for the first time). This indicates a relative improvement in on-chain activity and reflects growing interest in the Sui blockchain. ▪️Additionally, the number of transactions has experienced a slight increase, further supporting the trend of rising engagement with the network. 🐳 Top Accounts by SUI: 1️⃣60.1M SUI ($218.17M): 0x15610fa7ee546b96cb580be4060fae1c4bb15eca87f9a0aa931512bad445fc76 2️⃣ 53.37M SUI ($193.72M): 0x7ab9a6a7109dcb9cb357a109f32dfcc78a7aa2d6029084eb924d95133fc71cec 3️⃣ 21.63M SUI ($78.53M): 0x5fdfcc18e0791862c107c49ea13a5bcf4965f00ac057f56ea04034ebb5ea45ad 4️⃣ 20.56M SUI ($74.82M): 0xb4f42571101827758f55a9b998a1251892402fbd4dce90da3373625298091627 5️⃣ 16.46M SUI ($59.92M): 0xac989493a6c203244705bcb62123b96df4e5d79cf29fa9b1277dc0f1751a7539 6️⃣ 15.15M SUI ($55.14M): 0x6605abfdbfbf98c09c7bc072abb0781103231a2a8dff28c33a5faaed5aaf081e 7️⃣ 14.84M SUI ( GETTEX:54M ): 0xcd57cb92c4380df9284d730bc7fa8810ddb784045b91299c3ae59556ed38374c Over the past week, Sui (SUI) has experienced notable activity among large investors, commonly referred to as "whales." On January 28, 2025, reports indicated that SUI's price had declined by 25% over five days, reaching a demand zone around $3.50. Despite this downturn, there was a significant surge in trading volume, increasing by 185% to $1.7 billion. This uptick in volume was attributed to heightened whale activity, as large investors capitalized on the lower prices to accumulate SUI tokens.Earlier in the week, on January 21, 2025, it was observed that crypto whales were actively purchasing discounted tokens, leading to increased on-chain activity across emerging projects, including Sui. This behavior contributed to a substantial rise in both market capitalization and user adoption for SUI. The activity of whales continues amid the price decline, with the majority of selling pressure coming from retail traders and weaker hands. ✨ Let's move on to the technical analysis of this coin to see how it has been able to move technically. 📅 Weekly Timeframe: In the weekly timeframe, we are observing an ascending trend that started from the low of 0.3938 and reached 1.7504 in its first leg. However, it then underwent a significant correction down to the support level of 0.5737. In its second ascending leg, the price rebounded from 0.5737 and, with the breaking of the 50 level on the RSI, entered a strong upward momentum, taking it back to its previous ATH at 1.7504. But the journey for SUI did not stop there; after breaking and retesting 1.7504, the price continued with high momentum and reached a target of $5.2 as the RSI entered Overbuy territory. The volume has well supported the price along this path, showing alignment with the upward trend. Currently, it seems that the price is in a corrective phase and has corrected to the 0.236 Fibonacci level. To better see this correction, it would be better to move to lower timeframes, but other significant levels can still include the 0.382 and 0.618 Fibonacci levels. Additionally, the dynamic support of SMA25 seems promising as a strong potential support area. Since the price broke this average in 2024, it has consistently remained above this level, potentially acting as a strong area during pullbacks. For purchasing SUI, if it breaks $5.2003, you might consider entering a buy position or buying on spot. As for targets, it is currently difficult to determine from Fibonacci levels until we see where the correction concludes. ⏳ Daily Timeframe: In the daily timeframe, we can see more details about the price's corrective movement. As mentioned, the price showed significant trend weakness towards the end of its upward trajectory, with volume decreasing and RSI divergence, and managed to climb to the area of 5.2882 with the help of an upward trend line. Currently, the price has broken this trend line and even settled below the 4.0846 area, retesting it. The SMA99 has also been broken after a long time, and the price is closing below the 3.6413 area. Should the price break through 3.6413 and consolidate below this area, we could see a correction extending to the Fibonacci range between 0.5 and 0.618, which is a very strong demand zone and could form the next price floor. If this level breaks, the main support will be at 1.7504. An important note on this downward movement is that volume is still declining overall, and typically, green candles have outnumbered red ones, suggesting buyers are still present in the market. Thus, if the price reconsolidates above the 4.0846 area and this downward move is deemed a fakeout, breaking the downward trend line could be a good trigger for entering a long position or even buying on spot. The target for this position isn't very large and would be the ceiling of the box. The main trigger for a long would be the break of 1.2502, which is an excellent trigger and could potentially start a new upward leg if the price can establish above this area. 👑 SUI/BTC Pair This chart is undergoing a similar correction phase, showing a steeper decline after breaking its bullish trendline. The next significant level to watch is 0.00003420; breaking below could lead to a drop towards 0.00002516, with RSI entering the oversold region aiding the downward movement. Conversely, a break above 0.00004002 would confirm a bullish reversal, especially if it coincides with a break above $4.0846 in the USDT pair, opening up an excellent long position opportunity. The primary resistance on this chart is currently at 0.00005439. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! 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! ❤️
Long
by tradecitypro
34