Analysts predict a $10 target SUI price breakout as it forms a bullish flag pattern and surpasses 26 million active addresses.
The cryptocurrency market witnessed a surge in selling pressure ahead of the U.S. presidential election. With the Bitcoin price dropping below $70,000, the altcoin market shows signs of a fresh correction trend. However, crypto analysts believe this pullback is temporary, and a high-performing asset like SUI could offer a major price breakout. Will the renewed recovery target $10? Read till last line for better understand.

Is SUI Price Poised for Breakout? Analysts Predict $10 Long-Term Potential
In a recent tweet, market analyst CryptoMan highlights a bullish outlook for SUI price despite a recent market pullback. The layer-1 cryptocurrency SUI has recently recorded $24.3 million in net inflows, outpacing popular assets like Solana and Ethereum and increasing investor interest.
His 4-hour chart analysis shows the SUI price is actively resonating between a downsloping resistance and horizontal support around $1.8. While the consolidation could prolong this week, the coin price is poised for an imminent breakout. CryptoMan stated,
“I believe the bottom is in, and from here, we’re looking at a solid push to 2.1, with the potential to hit $4 by year-end.”
However, if the market anticipation for a bull run aligns, the SUI price could set its long-term target at $10.

Source: Trading View
According to Suivision data, the network’s total number of active addresses has recently surpassed 26 Million. This milestone signifies strong network growth and rising user engagement, indicating increased interest and wider adoption of the SUI ecosystem.
The historical trend shows a sustained price rally is often backed by the core network activity, such as active addresses.

SUI Price Analysis: Flag Pattern Hints Impeding Breakout
By press time, the SUI price trades at $1.87 with an intraday loss of 3.7%. Consequently, the asset’s market cap fell to $5.34, while 24-hour trading volume wavered at $695.4 Million.
This bearish turnaround in the daily chart shows a reversal within a well-known continuation pattern called flag. Theoretically, this chart setup displays the dominant market trend with ‘Pole’ and temporary correction within two trendlines as ‘Flag.’
If the crypto market today signals a prolonged downtrend, the SUI price could tumble 16% down to retest flag support at $1.56.

On the contrary, if the upcoming U.S. election boosts market recovery, the coin buyers could attempt a flag pattern breakout to ignite renewed bullish momentum.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research. SUI coin Next Bull Run Crypto Currency.

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#SuiFundamentalUsedCase
### Key Observations
1. Current Price: $1.9480 with a 1.34% drop.
2. 24-Hour Range: High of $2.1099 and Low of $1.9160, suggesting a volatile market.
3. Moving Averages (MA):
- MA60 (1-Hour): 1.9525, acting as a resistance level.
- MA5 and MA10 (Volume): Showing volume trends; high activity in recent candles.
4. Volume Analysis: High volume during price dips could indicate increased selling pressure or large trades.
### Suggested Strategy
Based on the current technicals, here is a potential trading plan:
#### For a Long Position
1. Entry: Look for a breakout above $1.95 - $1.96, ideally with increased volume.
2. Target Price (TP): Set an initial TP at $2.10 (recent high) and adjust based on momentum.
3. Stop-Loss (SL): Place an SL slightly below the recent low at $1.91.
4. Trade Duration: Short to mid-term (15 minutes to a few hours), as the market shows volatility.
#### For a Short Position
1. Entry: Consider entry if the price breaks below $1.91 with significant volume.
2. Target Price (TP): Set an initial TP at around $1.85 to capture a potential further drop.
3. Stop-Loss (SL): Place SL just above the $1.96 resistance area.
4. Trade Duration: Short-term (15 minutes to 1 hour), given quick price movements.
### If the Trade Goes Against You
- Long Position: If price falls below $1.91, close the position and reassess for a short entry.
- Short Position: If price rises above $1.96, close the position and consider entering a long.
### Additional Tips
1. Monitor Moving Averages: If price crosses above MA60 with high volume, it may signal a bullish trend.
2. Watch for Volume Spikes: Sudden increases in volume could indicate breakouts or breakdowns, confirming entry or exit signals.
3. Set Alerts: Use alerts to get notified of critical price levels to react promptly.
#Binancepen_spark

$SUI

*Top 3 Altcoins to Watch Before Crypto Prices Surge in November*$SUI
$MKR
As Bitcoin breaks above $70,000, altcoins are poised for potential rallies. Consider accumulating:

1. *SUI*: Impressive rallies, 200%+ price increase between January-March, and 400%+ spike between August-mid-October. Faster transaction speed than Solana, with lower market cap.

2. *ENQAI*: Artificial intelligence program with uncensored, unbiased AI models. Strong technical analysis, 600%+ price spike in September, and recovering from support level.

3. *MKR (Maker)*: Governance token of MakerDAO and Maker Protocol. 200% rally in early 2024, correlated with Bitcoin's direction. Potential breakout toward $2,000.

*Key Considerations:*

- High-risk investment; only invest what you can afford to lose.
- Research and due diligence essential.
- Diversification crucial.
- Market volatility expected.

*Stay Informed:*

1. Monitor crypto market trends and analysis.
2. Follow expert insights and news.
3. Adjust investment strategies accordingly.

*Resources:*

1. CaptainAltcoin
2. CoinMarketCap
3. Binance Square
4. eToro (user-friendly platform and mobile app)

*Disclaimer:*

Investing in cryptocurrencies carries risks. This article is for informational purposes only and should not be considered financial advice.

Would you like more information on these altcoins or other investment opportunities?#SUI🔥 #SuiFundamentalUsedCase #MKR📈 #BinanceBlockchainWeek #16thBTCWhitePaperAnniv

Since my last update for you we had a triangular top and the ensuing drop... What about now?

Good morning my dear reader, let's look at $SUI again and see what the chart is currently saying.

We will cut through the analysis and go straight to what you want to know: Is the retrace over? Will #SUIUSDT resume growing now or is it likely we see lower prices next?

➢ Based on the chart. The trading pair remains bearish below the last peak and the triangle baseline. The triangle baseline sits around $2.08, the last high was $2.36. SUI's bearish potential remains active below these levels.

➢ My opinion. Based on the broader market, there is still a major low in the cards before SUI's next bullish wave develops in full force.

Just as it took 131 days for SUI to hit bottom after March's peak, it would take a few more days for SUI to hit bottom from its current (October) peak.

The time it would take now for the bottom to hit would be much shorter because the recent bullish wave was much smaller.

The previous bullish wave lasted 159 days while the current one only lasted 69 days. So the bottom is getting close. Wait for the bottom before going LONG.

👉 We continue bearish on SUIUSDT.

Patience is key.

Thanks a lot for your continued support.

Namaste.
#SuiFundamentalUsedCase #ANALYSIS
$SUI

Sui ($SUI ) Price Forecast for 2024-2030
As Sui ($SUI ) strengthens its position in the crypto market, 2024 could shape up to be a pivotal year for the asset. Should it continue to attract investor interest, SUI may solidify itself as a promising investment choice, paving the way for impressive growth.
Price Forecast for 2024
Optimistic Projection: $4.5918
Pessimistic Projection: $0.7467
Currently, SUI trades at $2.0478, reflecting a 23.81% increase. If favorable market conditions persist, along with robust investor confidence, SUI has the potential to soar to $10. Furthermore, anticipated upgrades and advancements within the Sui ecosystem could propel SUI to break past its existing all-time high (ATH) of $2.36, establishing a new benchmark.
#SuiFundamentalUsedCase #BTCETFDemandSurge #BinanceBlockchainWeek #CryptoPreUSElection $SUI

Short-Term Outlook: 
Currently, is consolidating around the $2 mark, facing some resistance at this level. Analysts believe that if it breaks through the $2.53 to $2.91 range, we could see gains of about 10% to 20%! 📈 There's also a potential buying opportunity if the price dips to around $0.70 or $0.60, which could indicate a healthy correction after recent rallies.

Medium-Term Expectations (2025): 
Looking ahead to 2025, predictions vary widely. Some analysts are optimistic, suggesting that SUI could soar to between $15 and $20 during its first major upward wave in the bull run. However, a correction back to around $8 to $10 might follow, representing a significant increase from current levels. 🌟

Long-Term Speculation (2026-2030): 
For the years 2026 through 2030, there are expectations for continued growth. One prediction suggests a price range of $2.57 to $2.95 in 2026, with even higher targets like $6.26 by 2028. Keep in mind that these long-term forecasts come with a lot of uncertainty due to the inherent volatility in the crypto market. 🔮

Factors Influencing Price Movements: 
The bullish trend for is driven by several factors, including growth within its ecosystem, technological advancements, and overall market sentiment towards cryptocurrencies. Positive developments, such as partnerships (like the one with MLS for NFTs), can trigger price surges. However, broader market dynamics—like Bitcoin's performance and macroeconomic factors (e.g., U.S. elections and Federal Reserve decisions)—will also play a crucial role. ⚖️

Technical Analysis Insights: 
From a technical standpoint, 's moving averages are aligning in a way that hints at a potential bullish crossover, suggesting increasing bullish sentiment. Patterns like cup and handle or bull flags may indicate further upward movement if these formations break out as expected. 📊