SUI price: Ready...steady...Go !)Six months have passed since the publication of the previous #SUIUSDT idea
During this time, the NYSE:SUI price has made a cool route:
$1,16 👉 $2,10 👉 $0,88
"modestly", but in principle, everything is as predicted)
Now, looking at the #SUIUSDT chart, we can say that $0.88 was the very bottom, twice confirmed. And there may be good growth ahead.
Do you believe in SUI? Do you hold SUI?
💰 Then the medium/long-term target of $3.50 for #SUI is just for you
SUIUSDT trade ideas
Sui/Usdt Latest Plan SUI/USDT is demonstrating encouraging signs of a potential uptrend on the 4-hour timeframe. The current price action suggests a promising outlook as we closely monitor the trendline resistance for a potential breakout. Should the breakout occur successfully, I foresee a robust bullish momentum materializing in the short term. Traders are advised to keep a close watch on the price action as a breakout could lead to significant upside potential in the near future.
$SUI / USDT reached the bottom, bounce back. x5-x10 potentialNYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential.
Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token unlock is likely to continue affecting the price, making it unlikely to pump back to its All-Time High (ATH) before VC token releases occur progressively on the way up.
I maintain a moderately bullish stance on $SUI. It represents a solid and relatively safe investment opportunity with the potential for x5-x10 gains during this bull run.
Please refer to the Fibonacci retracement TP outlined in the chart for further insights.
Remember, this is not financial advice; always Do Your Own Research (DYOR) before making investment decisions.
#SUI/USDT#SUI
The price is moving in a bearish channel on the 4-hour frame and is largely sticking to it
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with an uptrend that has been broken
Entry price is 0.9090
The first target is 0.9700
The second goal is 1.060
The third goal is 1.136
SUI - to continue the bullish structureWe have let things develop and it seems as it is indeed bullish, I don't really know what to say else only the ETF approval/disapproval could shake this market currently. The correlation between BTC and NVIDIA is also not something you can just ignore but currently I don't think even a miss on NVIDIA earnings could make crypto worry. Looking at SUI now we got the needed change of strucutre and left a FVG and a demand on the way up. We want to bid this demand. With the last push upwards yesterday during the night we grabbed the liquidity from above and a push upwards to $1.26 should be possible after a smaller pullback. Alerts are set ✅
Sui Network (SUI) Jumps 26% On Mysticeti Upgrade LaunchedSui Network ( NYSE:SUI ) has experienced a 26% increase in price over the past week due to the launch of its Mysticeti upgrade on testnet. The upgrade has pushed Sui to the top among the fastest blockchains, with the consensus latency reduced to 390ms, an 80% reduction from Narwhal-Bullshark. Sui Network is known for its high-performing blockchain protocol and is now the fastest among all blockchains.
The Mysticeti upgrade addresses the trilemma of decentralization, transaction speed, and low cost, particularly in the Decentralized Finance (DeFi) hub, Ethereum. With the new Mysticeti upgrade, the average user can now transact with enhanced experiences across all apps, including lightning fast transactions across all apps. The gaming and DeFi ecosystem will benefit from increased throughput and low fees.
The development and launch of the Mysticeti upgrade took an academic approach, with research papers published to benefit both users and validators and developers. The Sui price is currently trading at $1.14, up by 1.43% in 24 hours, and the price for the past week has reached 26.69%. Sui has recently hit the 1 million daily active wallet milestone, and with the Mysticeti upgrade, it is expected to attract more users and lead to a positive long-term price increase.
📊 SUI Trade Analysis 📈Current Situation:
SUI has successfully flipped the previous resistance level into support, demonstrating strong bullish momentum and a healthy setup for a long position.
Trade Strategy:
Entry Point: Enter a long trade above $1.10.
Take Profit Targets: $1.30, $1.50, $1.70
Stop Loss: Set a stop loss just below $1.01 to manage risk effectively.
📊🔍 Monitor the price action closely and adjust the strategy as necessary to align with market conditions. #SUIAnalysis #CryptoTrading 🌐🔒
SUI buy SetupIt hit an important demand and then breakout from a trigger line.
If it returns to the green range, we can look for buy/long positions.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
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 $1.70 Long Target - Longed @ $0.89In my last post I showed a short opportunity on SUI where we shorted $1.12 with target of between $0.90 - $1.00 followed by an immediately longing the bottom for a reversal.
We closed that trade and longed @ $0.89 preparing for this next move of $1.70 long that was already confirmed and still active.
Our Entry was $0.89, but Updating this now on the way to $1.70 long target
It is possible a dip can come if BTC dips, but if BTC is running to $72K+ this long target is sure to hit sooner than later for a nice 69%+ gain.