SUI LONG OPPURTUNITY - SUI NETWORK BULLISH TREND ALERTSUI is one of the most popular altcoins in the crypto market right now. It has strong fundamentals, a solid team, and a growing community. I personally hold a spot position in this coin, and I expect to see SUI among the top 10 most valuable crypto assets soon.
Technical Analysis: SUI ran the daily swing liquidity and reached the daily demand zone responsible for the previous all-time highs. The price couldn't close below the daily swing and showed a strong rejection there.
After that, SUI broke the diagonal trendline that had maintained the lower time-frame bearish trend. The breakout was strong, with a close above, indicating to me that SUI has broken the bearish lower time-frame structure and is now targeting new highs.
I expect a small retracement to the green zone marked as the "4H Demand Zone," aligning with the Fibonacci equilibrium level. I’ll be looking to open a position there, aiming for new all-time highs.
SUIUST trade ideas
SUIUSDT: A Comprehensive Technical Breakdown - Sui◳◱ On the $SUI/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 3.8248 | 4.2539 | 5.027 and support near 3.0517 | 2.7077 | 1.9346. Entering trades at 3.4683 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Sui
▣ Rank: 23
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Sui project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.4683 ₮
▣ 24HVol: 279,314,258.243 ₮
▣ 24H Chng: 1.68%
▣ 7-Days Chng: -2.94%
▣ 1-Month Chng: 111.44%
▣ 3-Months Chng: 341.99%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.8248 | 4.2539 | 5.027
◢ Support: 3.0517 | 2.7077 | 1.9346
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.93
▣ Last 90D: 5.71
▣ Last 1-Y: 1.98
▣ Last 3-Y: 1.02
◲◰ Volatility :
▣ Last 30D: 1.26
▣ Last 90D: 1.12
▣ Last 1-Y: 1.19
▣ Last 3-Y: 1.09
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth SUIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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SUIUSDT potential Up trend continuationSUIUSDT recently pulled back to the support level at $3.00, taking liquidity below last week's low. The market formed a descending triangle pattern, characterized by lower highs, indicating a price squeeze. A descending triangle is typically a bearish pattern that anticipates a downward trend breakout.
However, the market has broken above the downward trendline, suggesting a potential bullish reversal. If the price closes above this trendline, it may continue moving higher, following a contraction-expansion price action pattern. The target is the resistance zone around $3.83
Lingrid | SUIUSDT contraction EXPANSION pattern. LongBYBIT:SUIUSDT pulled back to the support level at 3.00, then bounced back by taking liquidity below last week's low. Additionally, the market formed a descending triangle pattern characterized by lower highs, indicating a price squeeze. Recently, the market broke the downward trendline, and I believe the price may rise further if it closes above this trendline. I expect the price to continue moving higher, as we are seeing a contraction-expansion price action pattern. My goal is resistance zone around 3.8300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Massive Move Ahead? SUI Hourly Chart Signals Big Opportunities!BINANCE:SUIUSDT is currently experiencing a phase of consolidation, as highlighted in a recent 1-hour technical analysis. The pair is nearing critical resistance and support levels, which could lead to potential breakouts or rebounds soon. Key resistance points are set at $3.3958, $3.4193, and $3.4221, while support levels are identified at $3.2894, $3.2621, and $3.2462.
The analysis indicates that short-term price movements are under minor bearish pressure, remaining below the 9 EMA. However, the proximity of the 9 EMA to the 20 EMA suggests a possible reversal if resistance levels are breached. A close above $3.3958 could pave the way for further upward movement.
Mixed momentum signals are evident in the MACD and RSI indicators. The MACD histogram has shifted from bullish to bearish, indicating weakening momentum, while the RSI hovers around neutral territory. A return to positive MACD territory could support a bullish outlook, whereas sustained bearish momentum may test lower support levels.
For traders, entering long positions upon a confirmed breakout above $3.3958 could be strategic, with profit targets at $3.4193 and $3.4221. Conversely, short positions may be considered if the price fails to break resistance, with potential exit points near $3.2621 or $3.2462.
SUI potential longhello and greetings to everybody.
today we have almost a perfect setup to execute and I will explain the details in a minute so bear with me.
in the 1h picture, we clearly have a bullish structure and price in my opinion finished the pullback phase and is ready to go higher.
we came to a 1h demand and after that, the price broke the structure and gave us the confirmation but the other thing is before that move the price sold very aggressively to the downside and liquidated all those orders then gave us a shift in market structure shift and also that low that got liquidated was the previous day low too.
I'm thinking at this point that the price will probably go and will take out the external liquidity or maybe the week high.
so I opened an order set it at a 15-minute order block and targeted all those liquidity to the upside that is marked on the chart and if we get tagged in the order after that BE line I'm gonna go break even.
for context, the blue dots are our current micro range that I mark personally.
that is it, thanks for reading.
Sui cool off then 5$SUI has been on a tear lately and I have started to add to the position simply due to its general momentum and strength related to BTC. I would love to see a cool off here as the BBWP has fired red multiple times and the weekly stochastic has been very high for a while. A week or two consolidation above 3.2 would be very bullish before a rip to 5$. This would allow the 5 EMA to catch up to current price and reset volatility/momentum indicators. I firmly expect to see 11-12$ next year.
"SUI : Strategic Supports and Resistances on the radarIn the short term, the token could face resistance near $3.69, with significant support at $3.41. If the overall market shows strength, there is potential to test $3.85. The RSI appears to be close to the upper bound, suggesting a potential reversal in the short term.
Support:
$3.4160: A relevant level where the price has previously tested and found support.
$3.1060: Stronger support in case of a sharper decline.
Resistance:
$3.6921: A level close to local resistance, which the price has tested several times without breaking through.
$3.8519: Higher resistance, which could be challenged in case of increased buying strength.
SUI is the native token of the Sui blockchain, which is a layer-1 platform focused on scalability and performance. Developed by Mysten Labs, it uses a parallel execution model, making it efficient for decentralized applications (dApps) and NFTs.
Token Functions:
Transaction Fees: Used to pay fees on the network.
Staking: Participation in network validations.
Governance: Holders can participate in network decisions
Buy wide liquidity resting at $3.9The sell side liquidity as been grabbed around $3.2 which shows a strong sentiment that buys are in control. Since we're forming strong lows and weak highs, we expect the recent sweep on the sell side liquidity to give us ATH since there is liquidity resting around $3.9
SUI maintains $3 after two-hour outageYesterday, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64.
Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system with excessive traffic or requests, causing it to become unavailable to legitimate users by crashing or severely slowing its functionality.
Following this development, several exchanges halted SUI transactions as the price also dipped a little. However, nearly two hours later, the project updated its community, saying that validators had assisted in resolving the issue.
Consequently, on a daily chart, SUI continues to trade within an ascending channel. An ascending channel, also called a rising channel or channel up, is a chart pattern defined by two parallel upward-sloping lines.
It forms when the price shows higher swing highs and higher swing lows, indicating an ongoing uptrend. Furthermore, the Chaikin Money Flow (CMF) has increased, suggesting that buying pressure has outpaced distribution.
If this continues, SUI’s price could climb above $4. However, if a Sui network outage occurs again, this might not happen. In that scenario, the value could drop below $3.
TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel!
Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth.
👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move.
⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline.
🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins.
📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets
In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH.
🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75.
✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance.
🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected.
📅 Daily Timeframe: Beginning of a Correction?
In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern.
📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17.
📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action.
🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial.
📅 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis.
🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines.
🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe.
📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422.
💎 SUI/BTC Pair Analysis
The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins.
Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130.
📝 Final Thoughts
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! ❤️
Above 360% with SUI strategyNo predictions, no telling the future, just automation with strategy. SUI has been volatile in 2024, alternating between downward corrections and growth. Taken together, how much profit do you make from SUI? Backtesting results for this strategy for SUI came in at 367% (commission included) as of January 1, 2024. Quite interesting! Strategy S1-TM is available to check.