In a recent update, the Circle is announcing native USDC on SUI, which has kept up the bullish momentum. Moreover, yet another big announcement is expected to happen shortly, which may bring a huge retail brand onto the platform. The SUI price has risen back into a technical HTF uptrend again, forming consecutive higher highs and lows while the key level has been...
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Everything on the chart.
Entry: market and lower
Targets: 2.5 - 5 - 7.5 - 10
Optimistic target: 15 - 20$
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not...
NYSE:SUI is experiencing a significant pump due to BlackRock's announcement of a specific NYSE:SUI trust fund. However, on August 3rd (and on the 3rd of every month until January 2025), NYSE:SUI will undergo a large token unlock for their Series B and C investors.
The concern is that there was no immediate impact from this token unlock, suggesting that the...
As of today, the SUI/USDT pair presents an intriguing landscape in the crypto market. On the daily timeframe, we've observed a significant downtrend that has been in play since the peak in early May. The current price stands at $0.899, reflecting a recent decline indicated by the red candles dominating the chart.
Key Support and Resistance Levels:
Resistance 1...
In this technical analysis of the SUI/USDT daily chart, I'll examine the latest price movements and key technical indicators to forecast potential future trends.
Key Observations:
Current Price and Movement:
SUI/USDT is currently trading at $0.8989, showing a decline of 2.30% for the day. This suggests some bearish pressure in the recent trading session.
Support...
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...
12h time frame
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SUI is a potential Layer 1 blockchain and smart contract platform. Price goes well and builds a health trend for bullish side. Although SUI has been dipping for around 1 month, it just gained support from 61.8% Fibonacci retracement, that could be seen as a standard and normal correction before next pump starts. Considering the current market...
4h time frame
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SUI made a cup and handle, then pulled back after hitting 2.17. Also, the target of CH pattern hasn't been reached yet. If use fib on that cup structure, we can see SUI got support at 0.618 fib and went up to 1.272 fib, then still retest 0.886 fib, this is a standard momentum accumulation path for next pump once SUI be supported from price...
📊 Analysis:
Interesting Level: SUI is at an interesting level, flipping its range high into support.
Short-Term Downtrend: A potential break from the short-term downtrend is anticipated.
Higher Low Formation: Aiming for a higher low formation after breaking previous highs at $1.70.
Entry Range: Consider laddering into a spot long between $1.4 and $1.7.
Take Profit...
In time H4, it completed a correction cycle and returned to the indicated support. If the red box breaks the first one, you can enter the buy position. Otherwise, with a negative reaction in the red box, you can enter the reverse position until the bottom of the upward movement.
This is a 1D frame analysis for SUIUSDT As we can see, the price was able to bounce back after hitting the support line and start moving upwards. However, the price is currently below the resistance line and is volatile. If it can establish itself above the resistance line, it can start to move towards the next resistance line and, as we can see, the price has...
Hello colleagues!
It's time for the second potential trade that we are planning to implement. This is a long on the cryptocurrency SUI.
Unfortunately, we did not manage to execute the first trade , as the price of BTC started to fall sharply without us.
On 17 August, the SUI cryptocurrency updated its local low. The update of the local low occurred on...
