SUI (Sui): Bullish Momentum as Price Nears Key🔥 Potential Price Targets for Next Month:
🩸 Near-term Goal: $5.00
🩸 Long-term Goal: $4.50
🔥 FinCaesar's Strategy:
🩸 Long: Above $4.50, targeting $5.00 and $5.50. The bullish MACD momentum and strong EMA support further gains.
🩸 Short: Below $4.50, targeting $4.00 and $3.50. A breakdown could signal a potential reversal.
🔥 FinCaesar's Commands:
🩸 Resistance: $5.00 — The key resistance to overcome for bullish continuation.
🩸 Support: $2.67 — A breakdown below this could lead to deeper downside.
Sui is currently in a bullish phase, with MACD momentum indicating further upward pressure. If the price can break through $5.00, expect further gains. However, if $4.50 holds as support, expect a potential consolidation around $4.50.
👑 "In the face of strength, precision is key—seize the moment." — FinCaesar
SUIUSDC_CF9946.USD trade ideas
SUI Intermediate Short TradeHowdy everyone!
SUI has been on a tear!
Well, I think that BTC is showing a nice sized reversal before the final parabolic phase of this bull market. I also think that SUI has hit an area of interest, and it is way overbought.
I think that shorting as close to the current 4.236 of this fib sequence at $5.26 is ideal.
Entry - As close to $5.26 as possible. Once we get further confirmations, there will be multiple areas that you can enter a short. I am attempting to catch the reversal here. My take profits are based on catching the reversal.
Take Profit = TP
TP 1: 3.26-3.72
TP 2: 2.85-3.02
TP 3: 1.98-2.50
TP 4: 1.24-1.65
Stop Loss: Above current ATH of $5.36
This depends on how big of a correction that BTC gets. We have a monthly shooting star on BTC, and BTC is showing head and shoulders on multiple timeframes (1D, 2D, etc.)
Thank you and please trade safely!
SUI is about to FLY HIGH!So, there was a lot of FUD about SUI being rejected at the $4.98 resistance level and yesterday it passed it. Today we are seeing a healthy test above $5.00 which means that support will now be $4.98 and an upward climb to $10.00 shall commence. Im loading up bags at the daily/weekly close today once the above is confirmed. as long as BTC doesn't go bearish then there is no reason SUI wont continue this climb. Definitely a great opportunity on a solid project. -This is not financial advice...
SUI/USDT: Breaking Out Towards Higher HighsThe cryptocurrency SUI is building strong momentum, with its USDT pair (SUI/USDT) showcasing encouraging price action. Here’s a detailed look at the current technical outlook and potential scenarios:
Price Action Highlights
Ascending Channel: SUI/USDT is trading within a clearly defined ascending channel, maintaining respect for both upper resistance and lower support boundaries. This pattern highlights the prevailing strength of the uptrend.
Breakout Confirmation: The pair recently broke out of a consolidation phase, specifically a triangle formation, signaling bullish continuation above the critical $5.00 level.
Target Projection : Given the current trend, the next target lies just below the $10.00 level. The ascending channel and breakout momentum provide strong technical support for this bullish scenario.
⚠️ Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice. Conduct your own research and consult a professional before making any investment decisions.
SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support.
In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months.
The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000.
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Ascending Triangle on SUI?SUI is showing promising signs of forming an ascending triangle pattern, a classic bullish technical formation that traders closely monitor for potential breakouts. This pattern emerges as the price continues to make higher lows, indicating growing buying pressure, while encountering resistance at a consistent horizontal level. The tightening price range suggests an impending decision point as bulls and bears battle for dominance.
With trading volumes often playing a critical role in confirming the breakout, it’s essential to watch for a surge in activity near the resistance zone. If SUI successfully breaks above the resistance, it could signal a strong upward momentum, potentially taking the price to new highs. However, it’s important to remain cautious, as false breakouts can occur, and any sustained movement below the lower trendline could invalidate the pattern.
Overall, the ascending triangle pattern reflects increasing investor confidence in SUI. Patience and disciplined risk management will be key for traders looking to capitalize on this setup. Keep an eye on key support and resistance levels, and prepare for potential volatility as the pattern approaches its apex!
SUIUSD: The 1D MA50 held again. Bounce incoming.SUI turned stayed bullish on its 1D technical outlook (RSI = 58.166, MACD = 0.287, ADX = 25.285) as the short term pullback stopped right on the 1D MA50, touching it for the first time since November 5th. This kept the Channel Up intact while the RSI hit and bounced on its own 4 month S1 Zone. This is the buy signal for the new bullish wave. We are bullish and aiming for the minimum +140% increase (TP = 7.000).
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[SUI] with another (+45%) to (+85%)Sui looking great for continuation with strong momentum and moneyflow increasing, it broke the accumulation for almost one and a half years indicating a possible reach for higher prices. Despite some daily bearish divergences that could lead a drop to $4 again, in the next months it will possibly reach the target.The target is between 3.618 and 4.618 fibonacci extension levels and a measure move from the lows to the highs of the accumulation.
TARGET: $7.0388 to $8.8564 up to (+85%)
SUIUSD Explosive channel Up targeting $7.000Last time we looked at Sui (SUIUSD) we called it in a figure of speech the "Solana killer" (October 29, see chart below), projecting that its current Bull Cycle will be like SOL's 2020 - 2021:
On the current analysis we view SUI on its own on the 1D time-frame and on a much shorter-term horizon. The dominant pattern has been a Channel Up since the August 05 Low and the dynamic that stands out is that during every Bullish Leg, there has been a +138.89% rally.
Technically the rally is initiated after the 1D MACD forms a Bullish Cross and right now we are on the 2nd successive one. As a result, being supported by the 1D MA50 (blue trend-line), we expect at least another +138.89% rally from the recent Higher Low, thus targeting 7.000. As you can see, that is on the 0.786 Channel Fibonacci level, which hasn't been broken since August 13.
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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.