Sui price skyrocketed 140% in September: is ATH possible?

Sui (SUI) Price, a Layer 1 blockchain token, has seen a significant uptick in market valuation recently. Despite broader market downturns, the SUI price has surged over the past week. This increase positions SUI holders advantageously as optimism in the altcoin sector rises, potentially setting the stage for a robust October rally.

Following the launch of its mainnet, the Sui Foundation introduced the Sui Bridge. This new feature enhances connectivity between the Ethereum and Sui networks by enabling secure asset transfers. This development is anticipated to draw new users and boost liquidity, further propelling Sui’s growth trajectory.

The SUI price has steadily climbed over the past 24 hours, as shown in the chart. At the time of reporting, the SUI price stands at $1.79, marking a 1.84% increase for the day.

The coin has encountered a notable barrier at the $2 level. Market conditions could soon favor an increase towards this mark. A rise to $2.18 would equal its peak from six months ago on March 27, 2024. Such a development could lead to a nearly 15% increase from its current level.

The Moving Average Convergence Divergence (MACD) indicates a potential shift in momentum. The MACD line converges towards the signal line, suggesting that a bearish crossover might be imminent. This is underscored by the histogram moving into the red zone, a sign that bears may be gaining strength.

Sui’s impressive price surge, growing TVL, and increased investor confidence signals strong potential for further gains. However, technical indicators suggest caution, as market conditions could shift. A move past $2 may set the stage for new highs.

#BinanceLaunchpoolHMSTR BTCUptober #EIGENonBinance #SUI🔥

$SUI

Toncoin Likely Stuck Below $6 Until the End of October – perspective by BeInCrypto

Toncoin (TON) price has experienced turbulent movement in recent weeks, with failed attempts to secure $5.96 as a support level. Since then, the price of the Telegram-linked cryptocurrency has faced a correction, and it is currently trading below key support levels. 

This downward trend has raised concerns among investors, with many questioning whether TON can regain its bullish momentum and potentially break above $6 by the end of October.

The Ichimoku Cloud indicator is signaling considerable bearishness for Toncoin. The cloud is positioned above the candlesticks, which is generally viewed as a negative indicator for price action. 

Meanwhile, Toncoin is currently trading at $5.29, below the crucial support level of $5.37, following an 11.5% drawdown over the past week. If the selling pressure continues, TON may drop further, with a potential decline to $4.86. This would extend the recent losses and place additional strain on the coin’s outlook.

The range between $5.37 and $4.86 has acted as a consolidation zone in the past, meaning that TON could enter another period of stagnation. If consolidation occurs, it would likely prolong investor losses and delay any potential recovery.

To invalidate this bearish outlook, Toncoin would need to reclaim $5.37 as support. Securing this level could provide a much-needed boost, allowing the cryptocurrency to make another attempt at $5.96, bringing it closer to the $6.00 target.

#BinanceLaunchpoolHMSTR BTCUptober #EIGENonBinance #ToncoinSurge

$TON

More troubles loom over Hamster Kombat (HMSTR). But is there a chance for bullish rebound?

The crypto market is plunging. Global factors have been highly impacting the global traditional markets, as the stock markets as well as crypto are experiencing a major setback. The Bitcoin price is tanking down and is striving hard to keep up the $61,000. Meanwhile, the Hamster Kombat coin price has been trying hard to remain above the pivotal support levels. 

The HMSTR price had a very brutal start for its trading journey as the price had a free fall from the pre-launch price of around $0.1 to the current levels of around $0.004668. The price has been dropping since its launch and is believed to continue with a similar trend until it marks a bottom around $0.004 or even lower. However, the possibility of a bullish rebound may not be eliminated as the technicals remain neutral at the moment. 

The hourly chart of HMSTR price shows the token being stuck within a strong descending trend and the latest selling pressure, which has mounted, could keep up the bearish trend for some more time. The token has been constantly trying to rise above the resistance zone around $0.005 but the bulls do not appear to be keen on pushing the prices above this zone. Besides, the stochastic RSI is preparing for a bullish crossover, indicating a potential rise in the short term. 

Therefore, the Hamster Kombat coin price is required to rise above the resistance zone around $0.005, which may validate a strong rise. However, the market dynamics do not appear to flip to bullish so soon and hence the HMSTR price may be poised to drop and form bottoms below $0.04 very soon. 

#BinanceLaunchpoolHMSTR #EIGENonBinance #IranianMissilesPlummetsBTC

$HMSTR

Will Shiba Inu Price Repeat Its Historical Triple-Digit Surge This October? – perspective by CoinGape

SHIB, the second-largest coin, plunged over 8% during Monday’s U.S. market trading hours. The sharp plunge can be attributed to Bitcoin drop below $65,000, with an intraday loss of 3%. With the meme cryptocurrency sector often volatile to new market changes, the Shiba Inu price hints at a potential retest to $x. support. Will the uptober rally sentiment trigger a major reversal?

Since last weekend, the Shiba Inu price witnessed a notable correction from $0.0000217 to $0.0000178, accounting for an 18% drop. The bearish turnaround likely coincides with the broader market pullback as Bitcoin drops below $65,000 on Monday. With sustained selling, the SHIB price could tumble another 9% before retesting suitable support at $0.000016. 

The aforementioned level, coinciding with a bullish crossover of 20-and-100-day exponential moving average after 100 days, could recuperate the bullish momentum. The potential reversal will likely reveal a bullish reversal pattern called Inverted Head and Shoulder in daily charts.

The chart setup consists of three lows, where the middle low (the “head”) is the lowest, and the two outer lows (the “shoulders”) are slightly higher. If the pattern holds true, the Shiba Inu price could rebound from $0.000016 and rechallenge the neckline resistance at $0.000022.

On the contrary, if sellers drive a breakdown below the $0.000016 level, the buyers would also lose EMAs support and invalidate the bullish thesis.

#BinanceLaunchpoolHMSTR #EIGENonBinance BTCPredictedNewATH #NeiroOnBinance #shiba⚡

$SHIB

SUI breaks out with 132% volume surge: Is a bull run ahead? – analysis by AMBCrypto

Sui (SUI) is capturing the market’s attention with its recent price movement and increased trading volume. Many traders and analysts are wondering whether this momentum could signal the start of a sustained uptrend.

Therefore, it’s essential to examine key market metrics to understand the full picture. 

At press time, SUI was trading at $1.73, reflecting a 2.98% increase over the past 24 hours. This steady rise signals growing confidence among investors. 

Furthermore, Sui continues to test important resistance levels, which highlights the bullish sentiment surrounding the token. 

The widening Bollinger bands between $1.40 and $1.97 suggest that volatility is increasing. In addition, the RSI stands at 78.02, deep in overbought territory, indicating robust buying pressure. 

However, traders should remain cautious, as overbought conditions sometimes signal a potential short-term pullback.

Moreover, the surge in SUI’s trading volume is undeniable. With a massive 132.55% increase, the volume now sits at $2.71 billion. This significant rise underscores growing interest in the token across both spot and derivatives markets. 

Historically, such volume spikes have preceded sharp price movements, and therefore, this increase could propel Sui’s price even higher in the coming days. 

Given the current market conditions—rising price, surging volume, and increasing social dominance—SUI appears poised for continued growth. 

While short-term pullbacks may occur, the data overwhelmingly supports the likelihood of a new uptrend. However, traders should stay vigilant as markets can shift quickly.

#BinanceLaunchpoolHMSTR #EIGENonBinance BTCPredictedNewATH #NeiroOnBinance #SUI🔥

$SUI

EigenLayer listed on Binance, WhiteBIT, and other top exchanges. What's next?

EigenLayer, the Ethereum-based restaking protocol, has officially removed transfer restrictions on its native EIGEN token, allowing holders to move and trade their assets freely. The token became transferable at midnight EST and is now trading on various cryptocurrency exchanges.

EIGEN debuted at $3.90 with a fully diluted valuation of $6.51 billion. As of press time, the token price has increased by over 13% to $4.26, giving EigenLayer a fully diluted valuation of $7.1 billion, according to data from CoinGecko.

The token distribution follows EigenLayer’s two stakedrops from an initial supply of 1.67 billion tokens. Approximately 86 million tokens were airdropped to users who had previously interacted with the protocol. Kairos Research estimates the current circulating supply to be around 200 million tokens, despite the protocol facing criticisms over conflict of interest.

Despite the recent TVL decrease, EigenLayer remains a significant player in the Ethereum ecosystem, with over $12 billion in total value locked. The protocol’s innovative approach to restaking and its potential to enhance the security and efficiency of multiple blockchain networks continues to attract interest from investors and developers.

Should the positive dynamics remain, it is possible to see $5 in the nearest future.

#EIGENonBinance #BinanceLaunchpoolHMSTR BTCPredictedNewATH #EigenLayer

$EIGEN

Ripple (XRP): chances for recovery? – analysis by CoinPedia

XRP price was largely considered dead as it barely moved regardless of the market dynamics, which varied frequently. The drop in volume and volatility often suggested a significant shift of focus of the market participants onto the other platforms. However, the current trend suggests the price is about to make a large move as it has broken a 2-month accumulation period. The upcoming price action is expected to circulate bullish waves across the market, but the question arises: will the XRP price reach $1 before the end of 2024?

The XRP price has remained within a bullish range, even though the price failed to demonstrate giant moves similar to the other tokens. The token is testing the upper resistance of the descending trend line, which has been acting as a strong resistance since the time it faced rejection after hitting the highs in 2021. Interestingly, the price has followed a similar pattern since its inception, and if a similar outcome occurs, the XRP price may set a new ATH in 2025. 

In the long-term chart displayed above, the XRP price appears to be preparing for a massive move as it is about to close the monthly trade on a bullish note. It has been following a trend wherein the trade begins by a breakout from the multi-year descending pattern, which further elevated the price towards new highs. The monthly RSI has risen above the average range above 51 for the first time in 2024, which is believed to trigger a fresh ascending trend hereafter. 

Secondly, the Bollinger bands have been going parallel to each other regardless of being in the same position for nearly a year. This suggests the XRP price is believed to trigger a fine ascending trend if it manages to close the monthly trade above the triangle. The breakout usually pushes the XRP price to new highs as the trend remains elevated for the next few months, hinting towards the formation of a new ATH above $3.5 in 2025. 

#BinanceLaunchpoolHMSTR #EIGENonBinance BTCPredictedNewATH #BTCReboundsAfterFOMC #Xrp🔥🔥

$XRP

BONK among top-gainers. How far will the breakout go?

In the last 24 hours, memecoins have taken the spotlight, suggesting a potential memecoin season.

Leading the gainers list among the top 100 cryptocurrencies by market cap is Bonk (BONK) which is up by 3.8%, followed by Dogecoin (DOGE) with a 3.2% increase.

Bonk’s price action is currently displaying strong bullish momentum, raising the question of whether BONK/USDT will break out and surge higher as we approach the final quarter of the year. This period is historically bullish for the crypto market.

The pair is trading within a large symmetrical triangle, with the price moving closer to the resistance of this pattern.

The symmetrical triangle, which has been forming since the start of the year, indicates that traders and investors have accumulated significant amounts of Bonk. The potential for a breakout seems imminent.

Earlier, the pair formed a triple bottom at the $0.000016 zone, a pattern that typically signals a reversal.

This triple bottom has been confirmed by a break above the neckline, but a breakout above the upper resistance is crucial for the bullish scenario to play out.

Several indicators support the idea that Bonk could break out and rally. For instance, the MACD has fully flipped bullish, with the histogram bars indicating increased buying momentum.

This further strengthens the bias that it could break above the resistance and pump significantly.

If the breakout occurs, traders could see a potential return of more than 70%, from the breakout zone to BONK’s all-time high.

#BinanceLaunchpoolHMSTR BTCPredictedNewATH #EIGENonBinance #BONK🔥🔥

$BONK

Toncoin Price Rise Beyond $6 Delayed, But Not Stopped – perspective by BeInCrypto

Toncoin’s (TON) price recently failed to breach the crucial resistance level of $6.00, a key psychological barrier. Although the altcoin reached $5.96, it could not sustain the momentum needed to flip this level into support. 

Despite this setback, the possibility of recovery remains, with Toncoin still holding the potential for upward movement.

The macro momentum for Toncoin has started to show signs of weakness. Moving Average Convergence Divergence (MACD) indicator, widely used to gauge momentum, suggests that bullish momentum is dissipating. The receding green bars on the histogram point to this loss of momentum, indicating a weakening bullish trend.

Toncoin is currently trading at $5.81, having recently failed to breach the resistance at $5.96. This resistance is pivotal for the cryptocurrency, as breaking past it would pave the way for an attempt to cross the $6.00 mark, a level that remains elusive.

Despite the failed breach, Toncoin still has a chance at flipping $5.96 into support. If successful, this could trigger a rally that would push the altcoin higher, with $6.36 being the next target for bullish investors.

However, if Toncoin fails to break $5.96 again and bullish momentum continues to wane, the asset may enter a consolidation phase. This could result in Toncoin trading between $5.37 and $5.96, potentially invalidating the current bullish outlook.

#BinanceLaunchpoolHMSTR BTCPredictedNewATH #CATIonBinance #Toncoin

$TON

What to expect from Bonk (BONK)?

BONK coin have surged nearly 10% in the past week. With a market cap exceeding $1B, its popularity has kept them resilient amid market downturns. 

As part of the Solana blockchain, which ranks third in Total Value Locked (TVL) at $5.3 billion, Bonk coin’s staking volume has reached $43 million. This reflected a growing interest in utilizing BONK within the DeFi ecosystem.

As noted earlier, BONK’s volume has sharply declined from nearly half a billion post-listing to $188 million at press time. 

However, bulls have managed to stave off a pullback, bringing BONK coin closer to its previous rejection level at $0.00002201. 

Ultimately, beyond the listing, much depends on Bitcoin action, particularly in the long run – sustained optimism in the network could see both tokens surpass their previous rejection levels.

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #BONK🔥🔥

$BONK

PEPE price prediction: Is a 40% October rally on the horizon?

Pepe (PEPE) bulls have really showed up since the second week of September. The memecoin is now on track to conclude the month in the green. But can it sustain the current momentum and what can we expect in October?

PEPE has been on an overall downtrend since May. The bearish momentum bottomed out within the $0.00000897 price range on multiple occasions. As a consequence, price has been leveling out at that range, followed by some bullish momentum.

Fibonacci retracement puts PEPE’s next major price target between $0.00001153 and $0.00001287. This is based on its current 5-month lows and 5-month highs.

This means PEPE could rally for another 26% on the lower price target and over 40% on the higher target.

PEPE addresses by time held may support the short-term prediction. The number of addresses holding PEPE for over 1 year has been rising since April. This confirms that most buyers (almost 85,000 addresses) who purchased the memecoin over a year ago are still holding.

As far as PEPE’s long-term price prediction is concerned, the memecoin could retest its previous ATH of $0.000017 sometime in the coming months, likely in 2025.

However, the likelihood of this happening depends on whether the bulls will make a strong comeback and deliver a major rally as per expectations. The latest recovery is in line with the shift in market sentiment in favor of the bulls this month.

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #pepe⚡

$PEPE

Shiba Inu (SHIB) price prediction amid 15% daily rally

Shiba Inu (SHIB) recorded a sharp upswing on the 26th of September, posting 14.5% gains and extending its monthly recovery to 35%.

This remarkable performance eclipsed even Bitcoin [BTC], which posted 2% on the daily charts and remained quiet overall. 
However, the SHIB’s upswing retested a key hurdle, which begs the question: Can bulls mount above the roadblock and push forward? 

The stochastic RSI and RSI flashed bullish signals on the daily chart, underscoring a strong buying pressure for SHIB in the past few days. 

However, they also indicated overbought conditions, which often signal a potential price reversal. Given the bullish market structure, the uptrend momentum could continue. 

If so, late bulls could seek re-entry after breakout or retest above the resistance at $0.000001763 (marked white) or $0.000018 (April low). 

The bullish target would be the 200-day Moving Average (MA) at $0.000020. The bullish target would offer 15% or 11% potential gains based on the two entry positions. 

That said, a daily candlestick close below $0.000017 would invalidate the above bullish thesis. SHIB could front a pullback to $0.000015 in such a muted scenario. 

#BinanceLaunchpoolHMSTR #CATIonBinance #shiba⚡

$SHIB

Dogecoin (DOGE): correction ahead?

Dogecoin (DOGE) has recorded a spike in whale activities in the past 24 hours. Its large transactions surged by 63%, with whales moving 65.41 billion DOGE. This huge holding by the biggest players in the market represents 41% of Dogecoin’s total supply. 

The aforementioned surging whale activity suggests that large investors are taking positions, which may be accompanied by increased market volatility.

A spike in whale transactions tends to precede potential significant price movements. When whales make such big moves on DOGE, the market usually follows through with their moves.

This could, therefore, be an indicator that a big price move might be on the cards.

Dogecoin social volume has been on an upward trajectory for the last three days. Social volume helps in the identification of some market sentiment. 

Historically, higher volumes of conversations result in new investor interest that puts up demand.

Despite these encouraging signs, the stochastic RSI has just recorded a bearish crossover. This suggests that the market might face a small correction before any upward momentum could resume. 

Although Dogecoin has been flirting with a bullish breakout, this crossover suggests pulling back slightly before making its next move.

Whale activity is high, and so is social interest. But the bearish stochastic RSI crossover is just a reminder that prior to any major price movement, short-term corrections are bound to occur. 

For now, holding firm and waiting for better signals might be the best approach.

#HMSTRonBinance #BinanceLaunchpoolHMSTR #CATIonBinance #doge⚡

$DOGE

Hamster Kombat token is live! Here's what to expect from it:

With the pre-sale price around $0.1, here is the Hamster Kombat price prediction after the launch.

The markets have witnessed numerous airdrops in history that became popular in a short while. Most of the tokens witnessed a steep plunge after the launch, as the price of the token usually spikes at the launch. A similar pattern has been witnessed with the most popular airdrop, UNI, followed by others like ARB, BLUR, etc. and many more. Therefore, the HMSTR token is also expected to witness a similar fate and experience massive volatility. 

The official launch is expected to elevate the levels back to their highs or may even push them above $1 in case of an extended bullish action. However, the possibility of the price sustaining above the gains remains extremely low.

Therefore, the HMSTR coin price may witness a similar price action seen with the other sir-dropped tokens. However, the markets are gearing up to enter the final quarter, which has been historically bullish. Therefore, the Hamster Kombat coin price is expected to initiate a strong rebound and mark greater highs. Presently, all eyes are on the official launch and the upcoming monthly close. 

#BinanceLaunchpoolHMSTR #CATIonBinance #HMSTRprediction

$HMSTR

Pepe’s rally not over: here's why

Despite a challenging month with a 5.77% drawdown, Pepe (PEPE) recent performance shows promising signs of recovery, with a 16.11% increase on its weekly chart. Further bullish indicators suggest continued upward momentum.

At press time, the coin was trading within a symmetrical triangle, characterized by converging upper and lower lines that serve as resistance and support zones, respectively.

PEPE recently rallied from a significant horizontal support level at 0.00000701, ascending to the upper resistance of the triangle pattern at 0.00000876. This resistance line also aligns with another key resistance level, emphasizing the strength of the barrier.

While symmetrical triangles typically indicate potential bullish outcomes, a breakthrough above the upper resistance line is essential. Successfully breaching this level could propel the memecoin to its 2024 high of 0.00001725 or to a mid-level target of 0.00001307.

Should PEPE fail to overcome this resistance, it is likely to retreat to the horizontal support line at 0.00000701 or the lower boundary of the triangle, as it seeks to build momentum for another rally attempt.

Moreover, Open Interest, a key indicator that measures trader enthusiasm in the market, has seen a notable increase. It surged from $95.68 million on 23rd September to $114.39 million by 25th September, reflecting heightened trader interest in the memecoin.

#HMSTRprediction #BinanceLaunchpoolHMSTR #CATIonBinance #pepe⚡

$PEPE

Sui (SUI) scores 11% growth in the last 24 hours: analysis

With a bullish recovery rally gaining momentum, the SUI token price shows an exponential rise. Over the past 24 days, it has increased by 135%, with a streak of massive bullish engulfing candles.

Currently, it is challenging the 78.60% Fibonacci level at $1.74. With a golden crossover in the daily chart, the RSI line is trading high in the overbought zone. 

Based on the Fibonacci level, the next target for this rising altcoin stands at $2.00, with the upside potential to the $3.00 resistance level at $1.618 Fibonacci level.

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #SUI🔥

$SUI

Notcoin (NOT): what to expect after 8% daily growth? 

Currently, the NOT token is trading at $0.008277 with a 24-hour increase of 8.51%. In the past seven days, the gaming crypto token has increased by almost 12% despite the recent controversy of Telegram’s CEO being arrested. 

Nevertheless, the bullish recovery in Notcoin shows an upcycle challenging the resistance trend line of a falling-wedge pattern. The gaming coin shows an intraday candle with a higher price rejection from the $0.010 psychological mark. 

As the breakout chances increase, the crypto gaming token will likely reclaim the $0.002 level. Furthermore, based on the Fibonacci levels, the optimistic target for the gaming token stands at $0.03234, almost 3x gains.

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #Notcoin👀🔥

$NOT

Dogwifhat (WIF) Targets $2.70 as Solana Meme Coin Competition Heats Up – analysis by BeInCrypto

Dogwifhat (WIF) stands as the largest meme coin on Solana, though it still lags behind DOGE, SHIB, and PEPE. Recently, WIF price saw an 11% increase in value within 24 hours, yet its social dominance remains relatively low.

The EMA lines for WIF’s price indicate a steady upward trend, suggesting a positive outlook. This trend suggests that meme coin could surpass the $2.7 level again soon.

Meanwhile, WIF’s current ADX reading of 33, combined with its bullish trend, indicates a moderately strong upward momentum in the market. This suggests that WIF is experiencing sustained buying pressure, and the upward price movement has solid backing, potentially leading to further gains if the trend continues. 

The 4-hour price chart for WIF shows a bullish configuration. All the Exponential Moving Average (EMA) lines are positioned below the current price. The short-term EMA lines are above the long-term EMA lines, with a noticeable gap between them.
This setup is generally viewed as a positive sign for investors.

The sensitivity of EMAs to recent price movements helps traders identify the direction of the trend more quickly and accurately. Overall, the WIF 4-hour price chart displays encouraging signals that could be of interest to investors.

Given this positive momentum, WIF could potentially target a price of $2.70 if the current trends persist. However, it’s important to exercise caution, as a potential downward trend could see WIF’s price fall to $1.44.

This highlights the need for investors to closely monitor market signals and be prepared to adjust their strategies accordingly. While the current scenario appears favorable for WIF, competition is heating up, with BONK and POPCAT potentially attracting money that could go into WIF. 

#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #WIF_Usdt

$WIF

This Is How Toncoin’s 7% Rise Could Lead to $4 Billion in Profits – analysis by BeInCrypto

Toncoin’s (TON) price has seen relative stability in recent price action, holding firmly above the $5.49 support level. However, for true recovery and significant growth, TON needs to flip the $5.96 resistance into support. 

Only after crossing this threshold can TON unlock its potential to deliver substantial profits to investors.

Toncoin is on the verge of a major profit breakthrough, potentially bringing billions of dollars into the market. Data from the Global In/Out of the Money (GIOM) indicator reveals that around 773 million TON tokens, worth approximately $4.2 billion, were purchased between the price levels of $5.41 and $5.94. If TON manages to break past the $5.96 mark, the entire supply purchased within this range would turn profitable. 

This surge in profitability could lead to increased bullish sentiment, as investors who have been holding Toncoin for an extended period would be incentivized to maintain their positions. This scenario could further drive up demand, pushing Toncoin’s price higher as more investors enter the market to capitalize on potential gains.

Given the current sentiment, Toncoin is expected to continue consolidating between $5.49 and $5.96. This sideways movement will likely delay any breakout above the upper limit, potentially keeping the token in its current range for a while.

However, if bullish momentum overtakes bearish sentiment, Toncoin could breach the $5.96 barrier. This move would trigger profits for holders of the $4 billion worth of TON supply bought between $5.41 and $5.94, thus invalidating the bearish-neutral outlook and setting the stage for further gains.

#DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance #TON

$TON

Sui (SUI): are we seeing 5$ growth?

As the bull run in the crypto market gains momentum, the SUI price skyrockets at a breakneck speed. With a streak of bullish candles, the uptrend in SUI is challenging a resistance trendline near the initial price of $1.6785. 

Will a new breakout run surpass the 78.60% Fibonacci level to hit the $5 psychological mark in October?   

With a rounding bottom reversal in the weekly chart, the SUI price reveals a trend reversal rally. As the altcoin exceeds more than 100% returns in the last three weeks, the uptrend in SUI surpasses the $1.50 psychological mark. 

The rounding bottom reversal teases a double bottom pattern with a neckline near $1.67. Further, the all-time high of $2.18 remains a high supply zone, and a breakout above this will boost the bull run. 

Currently, the SUI price is trading at $1.55 with an intraday drop of 2.04%, concluding the bullish streak. Trading at just a 30% discount from its all-time high, the bull run shows potential for a new all-time high. 

With the bullish trend reversal rally gaining momentum, the SUI price is likely to complete a double-bottom reversal beyond the 78.60% Fibonacci level at $1.7712. 

Based on the Fibonacci levels, the uptrend in the SUI price is likely to target the $3 and $5 psychological mark. Further, the bull run history of the crypto market in October bolsters the chances of hitting the target.

On the flip side, the support levels for SUI are present at $1.50 and $1.33. 

#DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance #SUI🔥

$SUI