Short Term SUI Head and Shoulder Head and Shoulder can be seen forming in the shorter time frames since the start of December. I'd be hesitant opening any long in this area without a test of the neckline and a confirmation/reaction.
SUIWCRO_140C75.USD trade ideas
Buy crypto token SUI (pronounced “swee”) $BINANCE:SUIUSDThis is a long trade idea to buy the crypto token SUI (pronounced “swee”) and hold it for roughly a year for a potential 10x. The current situation suggests that SUI is in the similar circumstances that SOL was in a year ago. NOTE: SUI is a volatile asset. Do NOT use leverage. Greed kills!
Technical (Chart) Factors:
1) SUI versus USD is breaking out of its recent down trend (per the first SUI chart).
2) More importantly, it is breaking out of the Bull Market Support Bands (BMSB) versus Solana (SOL) and Bitcoin (BTC). I expect it will retest the BMSB levels before moving higher (per the first SUI chart).
Macro Factors:
1) Global liquidity is now increasing (per the SUI second chart).
2) The DXY Index is moving lower (inverted on the second SUI chart).
3) Alt season is about to begin.
Fundamental Factors:
1) SUI has a very experienced, professional, leadership team (from Meta) using an enhanced version of the most advanced smart contract programming language (Move).
2) SUI is a unique L1, allowing for dynamic (changeable) objects. This opens up new smart contract opportunities. It also makes it possible to program in things like ownership of gaming items, royalty payments to artists or IP holders and complex trading strategies.
3) SUI is very fast (faster than SOL in transactions per second and faster to final settlement) and is infinitely scalable due to its design (transaction parallelization).
4) SUI is an order of magnitude less expensive to use than Solana.
5) Like Solana did a year ago, SUI has further eliminated user friction. It is now even easier to create and use wallets.
6) SUI became a top ten DeFi blockchain in less than a year measured by Total Value Locked (TVL). Like Solana of a year ago, SUI has many development teams and more than twenty dApps (for example DeepBook, Bueskin and Cetus) in the DeFi space. The stablecoins, FDUSD and AUSD, have been integrated into the SUI network.
7) SUI makes it extremely easy to onboard new to blockchain users (via support for Google, Facebook, Twitch and other Web2 platforms) using existing sign in infrastructure. The process is built for seamless mass adoption using existing logins and many new users will not even know they are on a blockchain.
8) Late last year, SOL came out with a new hardware device (a phone) that created excitement around the SOL network with air drops. SUI has a new hardware device coming out (a gaming console) that will soon create excitement to onboard new users.
9) Daily Active Users (DAUs) has increased from around 30,000 last year to around 400,000 recently.
10) Unlike Solana’s issues with unscheduled downtime, other than for scheduled maintenance, SUI has had 100% uptime since the launch of operations in May 2023.
11) Franklin Templeton is working with SUI to build a TradFi - DeFi experience that meets KYC/AML requirements while enabling movement from one to the other within a consistent regulatory framework.
SUI has many of the characteristics that SOL had a year ago before SOL moved from roughly $20 in September to over $200 in March. There are many technical, macro and fundamental factors favouring a similar SUI advance. I am long SUI and recently increased my position.
SUIUSD starting a handle to the cup it just formedI placed the measured move line arbitrarily where price action would usually tend to break up from the handle of a cup of this size, if it does validate a breakout anywhere near there the target should be around $4.32. If bitcoin is cleared for takeoff soon and resumes the uptrend/bull market there’s a chance SUI could break out of this cup and handle pattern sooner than that. Also a chance after SUIs meteoric rise that it could continue to consolidate while the rest of the market pumps as well. My hope is the handle sui is now forming is similar in depth to the handle bitcoin has been forming since march, if so I will wait for a good correction before buying any additional sui myself. *not financial advice*
Sui Partners with Franklin Templeton to Accelerate DeFi AdoptionSui has taken a bold step forward by partnering with Franklin Templeton Digital Assets, signaling a significant push toward enhancing its DeFi ecosystem. With Sui already experiencing remarkable growth metrics and a price surge, this partnership could catalyze further expansion and investor interest.
Franklin Templeton’s Role in the Sui Ecosystem
Franklin Templeton brings deep expertise in tokenomics research, node validation, and blockchain investment strategies. Their involvement promises to strengthen Sui’s infrastructure and support developers building decentralized finance (DeFi) solutions. Key projects benefiting from this partnership include Deepbook, Karrier One, and Ika, all showcasing Sui's scalable and secure framework.
This collaboration aims to provide essential support to developers, helping them deploy enhanced blockchain technologies more efficiently. Franklin Templeton’s research team, known for leveraging data science, will play a pivotal role in guiding Sui's blockchain advancements.
Sui’s DeFi Growth Metrics
Since its mainnet launch in May 2023, Sui has recorded phenomenal growth:
- Total Value Locked (TVL): Up 675%
- DeFi Transaction Volume: Increased by 956%
These figures underscore Sui’s technological efficiency, driven by its parallel processing capabilities, low transaction latency, and consistent gas fees. This performance has drawn developer interest and user adoption, setting the stage for sustained growth.
SUI’s Meteoric Price Rise and Technical Outlook
SUI, the network’s native token, has seen an extraordinary 740% rally in just four months, rising from $0.78 to $3.51. Analysts suggest the token could reach $18 this bull cycle, provided it overcomes key resistance levels at $3.93. Factors fueling this surge include:
- Growing DeFi Adoption: Increased user engagement and development on the platform.
- Innovative Capabilities: Introduction of tools like SuiPad, enabling users to create and launch memecoins.
Despite a recent 4.78% dip, CRYPTOCAP:SUI remains within a consolidation zone, indicating potential for a breakout. The Relative Strength Index (RSI) shows bullish momentum, and trading volume suggests strong market support.
Future Potential and Challenges
The partnership with Franklin Templeton could significantly boost SUI’s adoption and credibility. However, recent challenges, such as the two-hour network outage, highlight the need for continued infrastructure improvements to maintain investor confidence.
Conclusion
Sui’s collaboration with Franklin Templeton marks a turning point in its journey to becoming a dominant player in the DeFi space. With impressive growth metrics, a strong technological foundation, and a bullish market sentiment, CRYPTOCAP:SUI could be on track for substantial gains, potentially hitting $10 in the near future. This makes CRYPTOCAP:SUI a token to watch closely as the altcoin rally continues to unfold.
Sui Network Surpasses $1.5 Billion TVL Amid Validator Recovery The Sui blockchain is hitting major milestones despite a brief setback. Following a two-hour downtime caused by a bug in its transaction scheduling logic, the network is back online and thriving, thanks to swift action by its validator community. This recovery reflects the resilience of the Sui ecosystem, which has been on an extraordinary growth trajectory.
Fundamental Highlights
1. Total Value Locked (TVL) Milestone
Sui’s TVL has surged past $1.5 billion, a staggering achievement that underscores the network’s rapidly growing adoption. This is a sharp climb from recent thresholds of $1.1B, $1.2B, $1.3B, and $1.4B, showing the ecosystem’s remarkable momentum.
2. On-Chain Volume Record
Over the past 7 days, Sui recorded more than $2.5 billion in on-chain volume, further demonstrating the ecosystem’s robust activity and the confidence of its user base.
3. Ecosystem Expansion
The launch of SuiPad, a token creation and launchpad platform, has been instrumental in driving engagement. It enables both novice and experienced traders to create and launch tokens, adding significant value to the Sui ecosystem.
Technical Analysis
At the time of writing, CRYPTOCAP:SUI is trading 3% higher and forming a bullish pattern after completing a falling wedge breakout—a classic reversal setup.
The Relative Strength Index (RSI) is currently at 72, indicating strong momentum for further upside. CRYPTOCAP:SUI is poised to test the $5 pivot, with potential to rally towards $10 in the medium term if momentum continues. Furthermore, CRYPTOCAP:SUI is trading comfortably above crucial MAs, reinforcing its bullish sentiment.
🌟 Why This Matters
The swift recovery from downtime and its consistent growth in TVL and on-chain volume solidify Sui’s position as a leader in the blockchain landscape. Its innovative tools, such as SuiPad, are fostering both community and developer engagement, making it a hub for altcoins and Layer 2 projects.
Investors and traders should keep a close eye on CRYPTOCAP:SUI as it continues to make waves in the crypto market. The combination of robust fundamentals and strong technical indicators points to a promising future for this rising blockchain.
Technical Analysis is easy !Cup and Handle Pattern is made in COINBASE:SUIUSD ! just Hold tight and see you back in $2.2 Soon !
SUIUSD Possible targets | LONG HOLDCRYPTOCAP:SUI | I don't want to create FOMO, and I'm not sure it will ever reach that level 🤔. However, I still thought it was worth posting 📢. I repeat, I'm only showing you what the Fibonacci zones look like on the upcoming golden pockets 📊✨, so don't rush into making reckless decisions based on this chart ⚠️. I will publish it, and you will be able to follow the price evolution through this link 🔗📈.
Is SUI the chosen Blockchain of the Banana ZoneThere is a well-defined inverse head and shoulders pattern forming on the CRYPTOCAP:SUI to CRYPTOCAP:SOL USD ratio chart.
The neckline sits at 0.16, a level we recently touched and then pulled back from, marking it as a significant barrier to overcome.
Our linear target is set at 0.0282, indicating a notable potential increase of +83% on the ratio.
Looking further ahead, the logarithmic projection reaches up to 0.064.
At that stage, we can imagine our friend Raoul Pal celebrating in triumph.
SUI in hourly chart Hello
Dear moderator please do not mark this chart because there is nothing to say about that and we should wait till time show us the truth.
I just want to say when this text book patterns happen in Crypto market I am really scared and you know why.
Thanks
Sui vs Solana: Rising Contenders in the Blockchain RaceSui vs Solana: Rising Contenders in the Blockchain Race 🚀
Going to start this with my personal view:
In my view, both Sui and Solana are making impressive strides but will likely settle into the same category as Cardano and a few other notable Layer 1s: the Top of the ALTS3 category. While they are undoubtedly powerful players in terms of technology, scalability, and partnerships, they still have a long way to go before approaching the established dominance of Bitcoin and Ethereum. These two titans remain in a league of their own, setting standards for resilience, decentralization, and global adoption. As the blockchain ecosystem continues to expand, I expect Sui, Solana, and similar projects to find their niche as prominent altcoins, but the gap between them and the BTC-ETH stronghold will remain significant—for now.
Now let's jump into details:
Ethereum's scalability limitations (had) opened the door for “Ethereum killers,” but we saw Ethereum acting and I do expect Eth to be the undisputed number 2 in this race.
At this stage, the competition is heating up for “Solana killers.”
Sui, backed by cutting-edge technology and robust funding, is emerging as a significant contender against Solana. Let’s dive into why Sui is catching everyone’s attention, its potential impact on the market, and how it stacks up against Solana.
The Core Differences: Tech and Transaction Speeds ⚙️
Solana utilizes a hybrid Proof-of-Stake (PoS) and Proof-of-History (PoH) approach, enabling speeds of up to 200,000 transactions per second (TPS), with potential upgrades (like the Firedancer validator) to push TPS to 1 million. Solana’s architecture supports a wide range of applications, especially for institutional partnerships like Visa and PayPal, but it has faced reliability issues like network congestion and outages.
Sui, built by former developers from Facebook's Libra project, leverages an Object-Based Model and Delegated Proof-of-Stake (DPoS). Its parallel processing structure allows for 297,000 TPS with a transaction finality of just 390 milliseconds—considerably faster than Solana’s 12 seconds. Sui’s distinct programming language, Move, focuses on high efficiency and ease for developers, reducing bottlenecks and paving the way for advanced applications, especially in Web3 gaming.
Ecosystem & Adoption 🌐
Solana has the upper hand in terms of established infrastructure, with over 334 DApps, 5 million active wallets, and a $6.5B TVL (Total Value Locked) across DeFi projects. Sui, although newer, has shown impressive growth with 90 DApps and 1 million active wallets. It’s carving a niche, particularly in the Asian market, partnering with giants like Alibaba Cloud and NHN.
The recent launch of the SuiPlay0X1 gaming device underscores Sui’s focus on gaming and entertainment, integrating both Web2 and Web3 elements. Meanwhile, Solana’s focus on institutional use cases with devices like the Saga phone shows its commitment to decentralized finance (DeFi) and payments, reinforced by major partnerships.
Tokenomics & Investor Sentiment 📊
Solana’s tokenomics initially faced criticism for heavy allocations to insiders, sparking concerns over centralization. However, it managed to sustain investor confidence, achieving a 90x increase during the 2021 bull run. Sui’s tokenomics, with 50% allocated to community reserves, aims to decentralize its control and support sustainable growth. Sui raised $336 million from backers, including a $100 million stake from FTX (subsequently repurchased), emphasizing strong financial support even after the FTX collapse.
The Path Ahead: Coexistence or Conquest? 🤔
Both Solana and Sui face challenges: Solana’s hurdles include network reliability and competition from new L1s, while Sui's risks involve reliance on the untested Move language and a concentrated focus on the Asian market. Each has unique strengths—Solana in institutional DeFi and Sui in scalable gaming and retail adoption.
Ultimately, rather than a winner-takes-all scenario, Solana and Sui may coexist, serving distinct markets and use cases. This diversity could benefit the crypto ecosystem as a whole, maintaining the decentralized ethos of blockchain technology by preventing any single chain from monopolizing the landscape.
One Love,
The FXPROFESSOR 💙
SUIUSD Dang itSo, if anyone can help me out, this is more of a user issue. I always seem to sell to early can anyone tell me how I can adjust my order to only sell half so that I can leave the remainder to collect profits. Any help would be greatly appreciated.
Also, we saw a great breakout I hope everyone is enjoying their new Lambos.
SUI Sui is designed for fast transactions and low latency, making it ideal for applications such as gaming and retail payments. It is a permissionless, decentralized platform that utilizes the Move programming language for asset management.
The SUI token serves multiple purposes within the ecosystem. It incentivizes validators to secure the network and validate transactions, as well as being required to execute transactions on the Sui blockchain. Additionally, SUI is used to pay for transaction fees and operational costs.
Furthermore, SUI token holders have governance rights, allowing them to vote on network upgrades, with each vote weighted according to the number of staked tokens.
I believe a price point of at least 5 USD will be achieved within 1-4 months with only minor pullbacks along the way. But with all things considered market could tear itself a new arsehole in that time and fuck everything up.
COINBASE:SUIUSD
CRYPTOCAP:SUI
CRYPTO:SUIUSD
SUI Inverse Head and Shoulders Patternhe Head and Shoulders Bottom is a major reversal pattern that forms after a downtrend. A completion of the pattern marks a trend change. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline. To measure the projected rise in price measure the neckline depth of the head to a line that intersects the two shoulders. In this case the measured move is approximately 4.00 dollars. Do your own research and happy investing.
SUI has broken out from a cup and handle formation.This is SUI on the daily candle chart. It has broken out of a cup and handle chart.
Cup. The cup should be U-shaped and resemble a bowl or rounding bottom. A V-shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U.” The perfect pattern would have equal highs on both sides, but this is not always the case.
Cup Depth. Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, the retracement could range from 1/3 to 1/2 with volatile markets and over-reactions. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory
Handle. After the high forms on the cup's right side, a pullback forms the handle. Sometimes, this handle resembles a flag or pennant that slopes downward; other times, it's just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and the more significant the breakout. Sometimes, it's prudent to wait for a break above the resistance line established by the highs of the cup.
Duration. The cup can last from one to six months, sometimes longer on weekly charts. The handle can last from one week to many weeks and is ideally completed within one to four weeks.
Volume. There should be a substantial increase in volume on the breakout above the handle's resistance.
Target. The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
SUI50/50 - it may be already in the fifth wave, or will print a running flat. Flat is an option, as the wave 4 should be an EW flat or a triangle (or a complex flat correction, like a wxy).
Will see.
Sui , the competitorUpdating charts consuming my energy or else i became lazy recently lol , here we have sui in a upward channel with the price close to the top although I’m not completely sure we’re gonna have a retrace from here but just in case i drew super cheap accumulation rectangle in blue for you beloved sharkie lads .first i started accumulation in 0.58 and still holding to see what market will do in the coming months, close to 20$ is my peak bull tp but will update in time .
Stay safe .
$2 in sightI get the feeling when round resistances break down, the upside is more than a few cents. Sometimes people even go 'why the f not $3 or $5 then!?'.
A little pullback would be in order after consecutive green days.
Bigly hyped coin, trend is absolutely positive.
I understand Chinese New Year lasts 9 more days? Does that mean the Chinese have lots of appetite for trying to score a win in the crypto casino?
2 months to BTC halving and even more to a big SUI unlock. If I get the entry wrong, there's time to make up for it.
Log scale shows no slowing down.
SUI - PRICE DISCOVERYLet's go back to talking about SUI, but this time without a doubt, as we have seen, the most favorable scenario for the crypto world is occurring, the US elections have caused Bitcoin to enter price discovery, thus making the bullish trend official. In these cases the wisest thing to do is to find those coins that have been stronger than BTC during the cycle and here the choice is quite easy, SUI has performed better than any other L1 this cycle and continues to do so following the trend of BTC, the chart is very similar, there was a breakout entering price discovery months ago, deviation down and then returning again to ATH invalidating the deviation. That said, I am convinced that it will be the best bet for this cycle, I have personally tried the whole ecosystem and it works even better than Solana (the direct competitor for the title of best smart contract platform). In an ideal scenario, it could close this cycle at $50, let's see...
SUIUSD Just take your time no rush BUT. . .You better hurry. I don't feel like waiting Honestly. So, I did see a bullish flag, but I might be tripping and looking too deep into it. But it is getting to a point where I need to see you perform. But seeing the candle stick pattern I'm thinking might just see a full-on reversal honestly. But we will be vigilant and watch and wait.
Will SUI price hit $3?Breakout Rally: SUI is showing a strong breakout from a falling channel, which has triggered a bullish rally.
Support & Trendline: Price is finding reliable support at the 50-day EMA and a new ascending support trendline.
Morning Star Pattern: The recent 16.82% jump formed a massive bullish engulfing candle, suggesting a bullish continuation.
Fibonacci Levels: SUI is challenging the 100% Fibonacci level; next targets are set at $3 (1.272) and $4.80 (1.618).
RSI Strength: Bullish momentum is evident as the RSI surpasses the 14-day SMA, approaching the overbought zone.
Rounding Bottom Formation: A completed rounding bottom reversal pattern hints at strong underlying bullish sentiment.
Psychological Resistance at $2: There is a constant struggle to maintain price action above the psychological $2 level, which is crucial for further gains.
Positive EMA Alignment: Daily EMAs (50, 100, 200) are positively aligned, reinforcing the uptrend.
Potential Pullback Zones: In a bearish scenario, the next support levels are near $1.85 at the support trendline and the 50-day EMA at $1.7303.
Volume Surge: A significant uptick in trading volume indicates strong buying interest, further supporting the bullish outlook.
Is SUI the SOLANA killer?A lot of talk has been going around about Sui's (SUIUSD) long-term potential and many have gone as far as to compare it with Solana (SOLUSD), claiming it is a threat to the already established token. But is Sui really the new Solana?
We've made today's comparison for those people in an attempt to find any technical similarities between the two. The time-frame is 1W and as you can see, we compare Sui's price action from its start (May 2023) with SOL's from the first trading day back in April 2020.
As you can see, Sui has started off in quite similar fashion as Solana back in the day: initial correction, then big rally into a Bull Flag (dotted Channel Down). This gave Solana way to an even bigger rally, which after another Bull Flag, it peaked just above the 2.618 Fibonacci extension in early November 2021.
Sui is so far enjoying the first post Bull Flag rally, by making a new All Time High (ATH). Their 1W RSI sequences are also fairly similar. We expect the recent 2-week pull-back to resume the uptrend and as long as the 1W MA50 (blue trend-line) holds and continues to offer support, attempt to reach as high as possible within a 1-year time-frame.
If that's on the 2.618 Fib, as Solana did, then look towards a $40.00 Target. Now would that make Sui the Solana killer? No, but it will be interesting to see if it will indeed follow in its footsteps.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
SUIUSD UPDATEAlthough I am out of the trade, I took my profits I still like to see what else is going on I may Re Enter but not really, I am too into what going on with DOGE right now. But look its following what I think it might do. But that cool too.
SUI/USD HUGE UPDATE I made this play a few weeks back; you can see my old post on it here for anyone following.
