Why Selling SUI Right Now Might Be a Mistake: Analyst’s Bullish Outlook
A leading analyst is urging investors to resist the temptation to sell their SUI holdings, citing the potential for significant future gains. SUI is currently testing a crucial price level around $2, signaling the possibility of a breakout and the beginning of an upward trend.
SUI’s impressive market performance is a reflection of growing investor trust and increasing ecosystem activity. While many crypto investors feel the pressure to make quick decisions, seasoned analyst Crypto Bullet strongly advises against selling SUI right now.
Current market signals suggest that holding onto SUI could bring substantial rewards, with performance indicators pointing toward a bullish outlook. This might be the ideal moment to stay patient and let the potential gains unfold.
Key Price

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SUI: key levels to watch
$SUI

Sui Network (SUI) has a strongly bullish long-term outlook. It has performed remarkably well since September, rallying nearly 500% in under four months. Bitcoin’s (BTC) 4.8% price dip in the past 24 hours pulled Sui prices down by 8.6%.

The slight dip in buying volume in recent days gave a clue that Sui bulls could be biding their time before they’re ready to drive the next impulse move higher.

Sui’s price action has been strongly bullish on the daily timeframe, forming higher highs and higher lows since late October. The uptrend began in September when local resistance at $0.9-$1 was broken and retested as support.

Over the past month, the average trading volume has trended slightly downward, indicating weakened buying pressure. This is evident on the A/D indicator, which has slowed down, especially over the past week.

The Ichimoku Cloud remains bullish, highlighting strong support at $3.2 and the $4.1 region. The cloud is thick, showing strong upward momentum over the past month.

At press time, the 23.6% extension level serves as short-term support. While volatility is possible, the next target is more likely to be $5.38 than $3.5 or below.

The Fibonacci extension level at $4.5 served as resistance earlier this month and has been flipped to a demand zone. The 2-week look back period showed a cluster of liquidation levels around $4.3, and another liquidity pocket at $5.

The price has also ranged between these two levels over the past week, explaining the liquidity build-up. The Bitcoin price dip and the consolidation phase for SUI meant that this range formation could continue for a few more days.
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1 month return 2.5x
I hope sui is the best project for 2024
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Hello everyone! ARSALAMULAIKUM. Let me share an interesting analysis regarding two specific coins that have recently caught my attention – $SUI and $FTM. Both have shown impressive resilience in the market despite recent downturns, but today I want to dive deeper into $SUI, and there's something you should watch out for.

1. Understanding SUI's Situation
SUI has locked 52% of its coins until 2030. On the surface, this gives off a sense of stability, implying that the developers are aiming for sustainable growth, and the coin is less likely to face manipulation or overvaluation. But is this truly the case? Or just an illusion?

2. SUI’s Price History & Performance
All-Time High (ATH): $2.18 USD
Current price: $0.36 USD
A couple of months ago, it was trading around $0.60 - $0.70 USD
Despite this sharp fall, there is something interesting when we look at SUI from a different angle – volume and transaction trends.

3. Volume Analysis: Zones of Action
Here’s a breakdown of SUI’s volume data in two key zones:

Zone 1:
Trading volume: $57B USDT
50 billion coins changed hands over 5 months
The average transaction price fell back by $1.14 USDT
Zone 2:
Trading volume: $33.99B USDT
28 billion coins changed hands over 2 months
The average cost per transaction was $1.22 USDT
4. Current Scenario
In the September-October rise, $33B USDT has already been consumed. SUI started this rise with a total volume of $57B - $18B = $39B USDT. As of now, only $5B USDT remains to sustain the upward trend.

Considering SUI’s daily trading volume of $2B USDT, it seems that the upward trend can continue for a maximum of 3 more days.

5. Price Prediction
SUI gains $0.12 USD for every $3B USDT traded. Therefore, it's likely to:

Rise to $2.08 - $2.12 USD in the next 3 days
Drop to $1.22 - $1.30 USD thereafter, unless fresh volume comes in
Key Risk:
There is a possibility that 500 million SUI held by regular users and 1 billion staked SUI could be offered into the market at any time, creating bearish pressure.

6. Final Thoughts
I’m bullish on $SUI until it reaches $2.1 USD, after which I expect a bearish trend down to $1.22 USD by the end of October.

Let’s see if this theory plays out! Wish you all the best! 🙏🌹❤️

#SUI #SUIPriceAnalysis #suiunlock #CryptoAnalysis"

1. Technical Analysis & Indicators

Support and Resistance Levels:

The current support level is around 1.0659, as observed from a recent price bounce.

Key resistance levels appear at 2.0036 (24h high) and 2.3680, where the price previously faced a pullback.

Moving Averages:

The MA(5) (yellow line) is above the MA(10) (purple line), suggesting a recent bullish trend.

However, the downward movement in price and the gap narrowing between these MAs indicate potential weakening in bullish momentum.

Volume Trends:

Significant volume spike noted near the peak price level, which might indicate selling pressure as traders lock in profits.

The overall volume trend remains high, indicating strong interest in this asset.
2. Set Three Target Levels

Target 1 (Short-Term): $1.95

Closest target based on immediate resistance around the current price. If buying pressure returns, the price could revisit this level.

Target 2 (Mid-Term): $2.00 - $2.05

Intermediate target, aligning with the recent 24h high. A move past this could signal a continuation of the bullish trend.

Target 3 (Long-Term): $2.35 - $2.40

Long-term target aligned with major resistance from previous highs. Achieving this level would require strong bullish momentum.
3. Trade Signal Recommendation

Recommendation: Hold / Watch for Buy

Reasoning:

Despite recent declines, the price is close to a support level, and indicators like the MA crossover still favor bullish trends, though momentum has weakened. A clear break above $1.95 or $2.00 could signal a potential buy opportunity. However, if the price drops below $1.82, it may continue lower, signaling a bearish turn.

$SUI
#CryptoAMA #SUI🔥 #Suipriceanaysis #suiunlock #TetherAEDLaunch

Hello every ONE. Probably Before the 2nd downgrading ahead 2 coins kept my attention because of their resistance to fall those coins are $SUI and $FTM I look a little bit deeper to SUI and see some dangerous situation.

SUI seems locked it's 52% of coins until 2030

That is very good for coin to be trusted and it look the developer not have an intention to manipulate the coin incase of over valued if happened.
But is this True?
Or just an illusion!
SUI ATH was 2.18 USD and from that value get down to 0.36 USD just a couple of month ago was traded for 0.6 or 0.7
I have a different approach to the graphic in terms of txn. And vol. In the option side,

With a trading volume about 57 B USDT, and 50 billion coins changed hands in zone 1 within 5 months. And then with a volume of 18 B, the average price per transaction was pulled back by 1.14 USDT. In zone 2 Currently, with a volume of 33.99B USDT, 28 billion coins changed hands in 2 months, and the average cost per transaction is was 1.22 USDT. Until now In the September and October rise, 33B USDT volumes has been consumed so far. SUI, which started its rise with a volume of 57-18 = 39 billion, has a volume of 5 B USDT left to go. This makes me think that for a coin that makes a daily volume of 2B USDT, it can continue its upward trend for a maximum of 3 more days. The coin, which gains 0.12 USDT value with every 3 B USDT volume, is likely to fall to the range of 1.22-1.30 USDT after rising to the range of 2.08-2.12USDT in the next 3 days, if it cannot find fresh volume (you know what I mean: a nonsense person buy this already 3x raised coin from this almost new ATH level) . The problem is that the amount of SUI held by normal users is around 500 million and there is a risk that the staked SUIs (approximately 1 B ) might be offered to the market at any time. Check Attached liat of shares
You could calculate 1.14 USDT by deviding 57B /50 B coins
So I am bullish till 2.1 and then totally bearish to 1.22 until the end of October

Let's see if this theory of mine turns out to be true or not, what do you think? Wish you all the best. 🙏🌹$SUI #suiunlock #Suipriceanaysis
#SUI🔥

Việc SUI hiện đang giao dịch ở mức 0,8284 USD cũng chỉ ra rằng sự sụt giảm liên tục của nó có thể kiểm tra mức hỗ trợ ở mức 0,77 USD. Cũng có ý kiến ​​cho rằng mức này, vốn từng tồn tại dưới dạng hỗ trợ trong quá khứ, có thể kích hoạt sự trở lại.

Ngoài ra, trong trường hợp SUI có thể đi lên, giá cũng có thể được củng cố dưới 0,89 USD. Tất nhiên, không nên quên rằng tình huống này sẽ xảy ra trong trường hợp giá SUI vẫn trên mức hỗ trợ 0,77 USD.

Mặt khác, nếu động thái giảm giá tăng thêm sức mạnh, nó cũng có thể đẩy altcoin xuống dưới mức hỗ trợ nêu trên. Tình huống này có thể làm mất hiệu lực các kịch bản khác và bắt đầu chuyển sang $0,70.

Có câu hỏi thắc mắc gì,,,hay muốn vào nhóm tín hiệu fr ee của tôi thì
HÃY lhzl:-->KhÔnG =(3)= -8_-tám-_8=/''7,.,hAi.||.HaI__4O./.
#SUI🔥🔥🔥🔥 #MarketDownturn #suiunlock #Write2Win