I sold all my coins when I saw that 98% of my profits had been consumed! I'm a newbie, I wasn't going to risk losing my capital! If it drops more, I'll buy on the dip! Damn market. And #trump that damn coin went crazy and affected everyone…
📈 $SUI Reclaims $5: Can the Breakout Run Reach $5.89?
With a bullish comeback, SUI has surpassed the $5 mark. Will the increased momentum lead to a new all-time high at $5.89?
Over the past 24 hours, the SUI token has experienced a significant recovery of 10.93%. By reclaiming the $5 psychological level, SUI’s market cap has risen to $15.41 billion. As the altcoin rises against the bearish trend in the broader crypto market, the recovery suggests the potential for a new all-time high.
🔸 SUI Price Analysis
On the 4-hour chart, the SUI price trend shows a bullish comeback from a local support trendline, confirming renewed buyer interest. Multiple lower price rejections at the $4.50 psychological level reveal a double-bottom reversal, indicating strong accumulation at lower levels.
Additionally, the bullish move has resulted in a 13.55% surge from the low of $4.4957 to the current price of $5.10. This recovery has helped SUI surpass the 61.80% Fibonacci retracement level at the $5 mark, signaling increased bullish momentum.
With this recovery, the 4-hour RSI line has moved back above the halfway mark, indicating improving market sentiment.
Moreover, the bearish crossover between the 20 and 50 EMA lines has been avoided, reinforcing the optimistic outlook.
Overall, technical indicators are signaling renewed bullish momentum, with buyers regaining control.
🔸 #SUI Price Targets
Based on Fibonacci levels, the bullish trend is approaching the 78.60% level at $5.17, strengthening the upward movement. However, the key resistance remains near the $5.35 level, which could act as a potential hurdle.
The current recovery hints at a rounding bottom reversal targeting the $5.35 resistance zone, setting the stage for a breakout. If a breakout occurs, the Fibonacci levels suggest a potential target of $5.89. On the other hand, if momentum fails to hold, SUI may retest the $5 psychological level.
📈 $SUI Reclaims $5: Can the Breakout Run Reach $5.89?
With a bullish comeback, SUI has surpassed the $5 mark. Will the increased momentum lead to a new all-time high at $5.89?
Over the past 24 hours, the SUI token has experienced a significant recovery of 10.93%. By reclaiming the $5 psychological level, SUI’s market cap has risen to $15.41 billion. As the altcoin rises against the bearish trend in the broader crypto market, the recovery suggests the potential for a new all-time high.
🔸 SUI Price Analysis
On the 4-hour chart, the SUI price trend shows a bullish comeback from a local support trendline, confirming renewed buyer interest. Multiple lower price rejections at the $4.50 psychological level reveal a double-bottom reversal, indicating strong accumulation at lower levels.
Additionally, the bullish move has resulted in a 13.55% surge from the low of $4.4957 to the current price of $5.10. This recovery has helped SUI surpass the 61.80% Fibonacci retracement level at the $5 mark, signaling increased bullish momentum.
With this recovery, the 4-hour RSI line has moved back above the halfway mark, indicating improving market sentiment.
Moreover, the bearish crossover between the 20 and 50 EMA lines has been avoided, reinforcing the optimistic outlook.
Overall, technical indicators are signaling renewed bullish momentum, with buyers regaining control.
🔸 #SUI Price Targets
Based on Fibonacci levels, the bullish trend is approaching the 78.60% level at $5.17, strengthening the upward movement. However, the key resistance remains near the $5.35 level, which could act as a potential hurdle.
The current recovery hints at a rounding bottom reversal targeting the $5.35 resistance zone, setting the stage for a breakout. If a breakout occurs, the Fibonacci levels suggest a potential target of $5.89. On the other hand, if momentum fails to hold, SUI may retest the $5 psychological level.
Ethereum is also a key recommendation today at #ETH , with a short-term target of 3500 as expected! This is the magic of the five-wave analysis method! The main uptrend at the 80-minute level is accurately targeted! So, old fans probably know that Hunter is precise in calling for a short when it needs to be done, but when the market turns bullish, Hunter also decisively follows the trend and turns bullish. Trading should follow the trend, respect the objective movements, avoid thoughtless long positions, and avoid thoughtless short positions; otherwise, if you make a mistake on any wave, it could cost you dearly!
Should you invest in Solana (SOL) or Fantom (FTM)?
Solana (SOL) is known for its speed and low fees, making it an attractive option for DeFi and NFT applications. However, it faces criticism for its centralization and frequent network outages, raising questions about its long-term sustainability.
On the other hand, Fantom (FTM) offers an ecosystem focused on smart contracts, with a highly scalable network thanks to its DAG-based architecture (directed acyclic graphs). Although it has gained traction, it faces fierce competition and depends on the success of projects within its ecosystem. but it will have a swap in which it will change its name to Sonic
What do you think, is it worth betting on any of them right now?
Why This Analysis Rocks: 1. Resistance & Support: Identifying these levels helps you understand where the price might reverse, giving you a strategic edge. 2. Buying Zone: Pinpointing the optimal buying range ensures you enter at a strong position. 3. Target & Stop-Loss: Setting clear targets and stop-loss levels helps manage risk and maximize potential gains.
Ready to Dive In? Our analysis is designed to give you the upper hand in navigating the volatile crypto market. Stay ahead, trade smart, and ride the digital wave! 🌊 #SolanaTrade #SolanaUSTD #TradersAnalysis #TradingStrategies💼💰 #WeAreAllSatoshi $SOL $BTC $ETH
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