$SUI
At $1.18: Will it set up for a breakout before Singapore’s Basecamp? 🚀
After a 5-day correction of -3.5%, SUI is trading now at $1.18 above a strong demand zone of $1.12 - $1.15 and hasn’t broken the resistance $1.26 - $1.30 for the past 50 hours. The current situation is a clear accumulation before a major event.
1. Technical Analysis:
On the 4-hour timeframe, the price is above all moving averages (10, 20, and 200 days) and above the channel support extended since September 12. Immediate support is $1.14 and $1.11, while resistance is $1.2186 then $1.26. A 1-hour close above $1.22 directly opens the way to $1.30.
RSI is at 65, neutral with a slight bullish tilt, and ADX is above 40—meaning the trend is still strong and hasn’t ended yet.
2. The Main Catalyst - Sui Basecamp:
The biggest event is Sui Basecamp on October 7–8 at Marina Bay Sands in Singapore, coinciding with TOKEN2049. Last year, liquidity entered before the event 48 hours earlier (Oct 3–4). This year, the team will try to break a world record: 6,086,766 TPS live on stage + 4 tracks: Summit, X, AI Builder Lab, SUIG Arena.
3. The Only Risk:
Tomorrow, Oct 3, an Unlock of about 23.38M SUI. The last Unlock was 13.72M worth $9.4M and it was absorbed quickly. If this one is absorbed too, the path is clear.
My plan as a day trader:
• Entry: $1.12 - $1.15 triggered yesterday at $1.1271 • Stop: 1-hour close below $1.15 • Target 1: $1.2186 • Target 2: $1.26 - $1.30 before Basecamp
SUI isn’t just a fast L1; with the new gasless USDsui transfer feature, it’s competing in the payments sector.
Are you with me on a SUI trade before Singapore?
#SUI #BinanceSquare #CryptoAnalysis #Write2Earn #Altcoins
$SUI
$ADA
At $1.18: Will it set up for a breakout before Singapore’s Basecamp? 🚀
After a 5-day correction of -3.5%, SUI is trading now at $1.18 above a strong demand zone of $1.12 - $1.15 and hasn’t broken the resistance $1.26 - $1.30 for the past 50 hours. The current situation is a clear accumulation before a major event.
1. Technical Analysis:
On the 4-hour timeframe, the price is above all moving averages (10, 20, and 200 days) and above the channel support extended since September 12. Immediate support is $1.14 and $1.11, while resistance is $1.2186 then $1.26. A 1-hour close above $1.22 directly opens the way to $1.30.
RSI is at 65, neutral with a slight bullish tilt, and ADX is above 40—meaning the trend is still strong and hasn’t ended yet.
2. The Main Catalyst - Sui Basecamp:
The biggest event is Sui Basecamp on October 7–8 at Marina Bay Sands in Singapore, coinciding with TOKEN2049. Last year, liquidity entered before the event 48 hours earlier (Oct 3–4). This year, the team will try to break a world record: 6,086,766 TPS live on stage + 4 tracks: Summit, X, AI Builder Lab, SUIG Arena.
3. The Only Risk:
Tomorrow, Oct 3, an Unlock of about 23.38M SUI. The last Unlock was 13.72M worth $9.4M and it was absorbed quickly. If this one is absorbed too, the path is clear.
My plan as a day trader:
• Entry: $1.12 - $1.15 triggered yesterday at $1.1271 • Stop: 1-hour close below $1.15 • Target 1: $1.2186 • Target 2: $1.26 - $1.30 before Basecamp
SUI isn’t just a fast L1; with the new gasless USDsui transfer feature, it’s competing in the payments sector.
Are you with me on a SUI trade before Singapore?
#SUI #BinanceSquare #CryptoAnalysis #Write2Earn #Altcoins
$SUI
$ADA