SUI USD has been performing rather well after the ruthless October 10th. Investors could have gotten scared, depending on where they checked the price. On Binance, it dropped down to ~$0.50, while on Coinbase, it briefly visited $2. Large gap between both, revealing stability and security. Potentially. Now that the Black Swan event is behind us,
SuiSUI$2.397.43%SuiSUIPrice$2.397.43% /24hVolume in 24h$1.06BPrice 7d
has found support at around $2.4o. Will it hold, or are we headed lower?
Once we see a reclaim of the support that was wicked through during the recent market crash (a little over $3.00), still expect this to accelerate and send out of the range it's been accumulating in all of 2025. pic.twitter.com/oy1kVH74iJ
Kaleo’s chart is one good reason why diagonal lines are not so accurate. Horizontal lines, such as the green zone he drew, tend to be respected more often by market makers. Will his bullish thesis come true, though?
Let’s look at the charts, starting with the Weekly timeframe. We have the Weekly FVG from 2024, which, to say it got filled, is going to be a stretch. We should not count Black Swan events in these fills. Therefore, we can say it was not filled. And it likely won’t be, because SUI USD first needs to break the support at the 2025 low, or $1.70. RSI has been in accumulation mode for the whole year so far, and we have yet to see it go into oversold like it did at the end of 2024. MA100 is currently acting as support.
On the Daily, we have the FVG Gap, which acted as support three times, as price was actually making lower lows and lower highs. MA50 and then MA200 provided support in confluence with the gap, providing great long entries with good R:R. Once we saw price break below MA200 again, it took the elevator down before settling above the June Low. That $2.30 level is now acting as support, and bulls want it to hold. RSI is in the bottom half of its range; thus, we have plenty of space for price growth. MAs need to be reclaimed again!
As we come to the end of today’s analysis, we look at our last chart – the 4H timeframe. Here, SUI USD is below all Moving Averages, still battling to reclaim the MA50. It can take days or even weeks until Sui gains enough strength to trade above the MAs. For us, what matters now is that RSI is growing, indicating buyers stepping in. With that, we see some Bullish Engulfing candles. Though what traders really care about is seeing that $3 level broken and reclaimed as support. Once that happens, then it is go time! Until then, we probably range between the orange and yellow lines.
You can post now and register later.
If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.
SUI USD has been performing rather well after the ruthless October 10th. Investors could have gotten scared, depending on where they checked the price. On Binance, it dropped down to ~$0.50, while on Coinbase, it briefly visited $2. Large gap between both, revealing stability and security. Potentially. Now that the Black Swan event is behind us,
Sui
SUI
$2.39
7.43%
Sui
SUI
Price
$2.39
7.43% /24h
Volume in 24h
$1.06B
Price 7d
has found support at around $2.4o. Will it hold, or are we headed lower?
Kaleo’s chart is one good reason why diagonal lines are not so accurate. Horizontal lines, such as the green zone he drew, tend to be respected more often by market makers. Will his bullish thesis come true, though?
DISCOVER: 20+ Next Crypto to Explode in 2025
SUI USD On The Verge Of Parabolic Run! Or Not?
(Source – Tradingview, SUIUSD)
Let’s look at the charts, starting with the Weekly timeframe. We have the Weekly FVG from 2024, which, to say it got filled, is going to be a stretch. We should not count Black Swan events in these fills. Therefore, we can say it was not filled. And it likely won’t be, because SUI USD first needs to break the support at the 2025 low, or $1.70. RSI has been in accumulation mode for the whole year so far, and we have yet to see it go into oversold like it did at the end of 2024. MA100 is currently acting as support.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
(Source – Tradingview, SUIUSD)
On the Daily, we have the FVG Gap, which acted as support three times, as price was actually making lower lows and lower highs. MA50 and then MA200 provided support in confluence with the gap, providing great long entries with good R:R. Once we saw price break below MA200 again, it took the elevator down before settling above the June Low. That $2.30 level is now acting as support, and bulls want it to hold. RSI is in the bottom half of its range; thus, we have plenty of space for price growth. MAs need to be reclaimed again!
DISCOVER: 9+ Best Memecoin to Buy in 2025
Conclusions On The Low Timeframes
(Source – Tradingview, SUIUSD)
As we come to the end of today’s analysis, we look at our last chart – the 4H timeframe. Here, SUI USD is below all Moving Averages, still battling to reclaim the MA50. It can take days or even weeks until Sui gains enough strength to trade above the MAs. For us, what matters now is that RSI is growing, indicating buyers stepping in. With that, we see some Bullish Engulfing candles. Though what traders really care about is seeing that $3 level broken and reclaimed as support. Once that happens, then it is go time! Until then, we probably range between the orange and yellow lines.
Trade with good risk management and stay safe!
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Update
SUI USD Going To Send Bulls To The Moon? Yes, No, Maybe.
The post SUI USD Going To Send Bulls To The Moon? Yes, No, Maybe? appeared first on 99Bitcoins.