$SUI

The price perfectly fulfills my last idea. It hit the target level. SUIUSDT pulled back without reaching the psychological level of 5.00. Instead of making a new higher high, the price formed a double top and rolled back. I anticipate that the market may pull back toward the support level around 4.00. If the price bounces off this support level or creates a trend continuation pattern, I expect the market to continue moving higher. My goal is resistance zone around 5.00

📈LONG: $SUI (4H)
#SUIUSDT | #SUI | #Sui

Current Price $4.58
Market Cap $13.38B
Change 1h +0.05% | 24h -4.14%

4-Hourly Indicators:
•  RSI: 55 - Neutral 🟠
•  MACD: 0.15 - Bullish 🟢
•  EMA: 4.44 - Trading Above 🟢

Analysis: 
$SUIUSDT hit the target but missed the psychological level at 5.00. A double top formed, causing a pullback. Watch for a possible retest at the 4.00 support.

Price Targets: 
If support holds, aim for 4.50 then 5.00. If it breaks, look for 3.50. Stay sharp!

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

The cryptocurrency market in 2024 has been a year of contrasts, marked by significant milestones and lingering economic uncertainty.
Bitcoin (BTC) shattered expectations by crossing the $100,000 mark for the first time, reigniting optimism in digital assets.
Yet, the broader economic backdrop remains volatile, raising questions about inflationary pressures and the Federal Reserve’s next moves.
Sui Network (SUI)
Sui Network (SUI) is rapidly establishing itself as a strong player with high-growth potential, aiming to achieve a $50 billion market cap by 2025.
Currently trading at $4.79 with a market cap of $14 billion, Sui would need a 257% increase in valuation to reach this ambitious milestone.
While the target is steep, a combination of factors, including ecosystem expansion, strategic partnerships, and robust market activity, make it a realistic possibility.
The network has consistently showcased robust growth, with its Total Value Locked (TVL) peaking at $1.84 billion in December and remaining above $1 billion since November, according to DefiLlama.
Meanwhile, Sui’s decentralized exchange (DEX) activity has seen record volumes, surpassing $35 billion in cumulative trading, indicating strong liquidity and user engagement within the ecosystem. Sui’s strategic partnerships are another critical factor fueling its rise.
Collaborations with major players like Franklin Templeton, Babylon Labs, and Lombard have enhanced its capabilities, including integrating Bitcoin liquidity and exploring programmable Bitcoin use cases. SUI market cap. Source: CoinMarketCap
SUI market cap. Source: CoinMarketCap
The integration of wallets like Phantom and Backpack has further expanded its accessibility, drawing in more users and institutional interest.
Technical analysts have likened Sui’s current price action to Solana’s (SOL) breakout in 2020-2021, which saw exponential growth, as Finbold reported.
If Sui can replicate this pattern while leveraging its expanding utility and strong market activity, it could attract significant capital inflows.
Combined with broader market dynamics and a growing ecosystem, Sui appears well-positioned to reach the $50 billion market cap milestone in 2025.

Chainlink (LINK)
Chainlink (LINK) is steadily solidifying its role as a critical infrastructure provider in the blockchain ecosystem, with recent developments fueling its potential to achieve a $50 billion market cap.
Currently trading at $28.15 with a market cap of $17.64 billion, the token has seen growing interest from institutional players and significant ecosystem advancements, signaling robust growth potential.
LINK was recently in the spotlight with Donald Trump backed World Liberty purchasing over $2 million worth of LINK at an average price of $24.20. This acquisition coincided with a notable 20% price increase, further highlighting the growing demand for the token.
Moreover, Chainlink’s role as a provider of cross-chain solutions continues to expand, driving its adoption across various sectors.
LINK market cap. Source: CoinMarketCap
For instance, recent announcements revealed the integration of Chainlink’s CCIP by the Ronin Ecosystem, a major gaming blockchain.
Additionally, Lista DAO, a liquid staking protocol, has upgraded Chainlink’s infrastructure, further solidifying its position as a critical player in decentralized finance.
Furthermore, Chainlink’s influence extends into traditional finance. Notably, 21X, a fintech firm in Europe, has integrated Chainlink’s infrastructure to support tokenized securities. This move strengthens its relevance in some of the world’s most tightly regulated financial markets.
With its increasing utility, strategic partnerships, and rising market demand, Chainlink is well-positioned to capture significant value. As a result, it offers traders and investors a compelling case for its journey toward a $50 billion market cap.
That being said, both Sui and Link are well-positioned to potentially reach the $50 billion market cap milestone, driven by ecosystem growth, emerging partnerships, and increasing adoption.
However, the volatility of the cryptocurrency market calls for cautious investment, with traders and investors needing to monitor trends and developments closely.

Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research.

#BURNGMT #LINK #SUI #Chainlink #Matic