Show

Dogecoin

Gains

<p>Raoul Pal, the CEO and founder of Global Macro Investors, thinks SUI (the cryptocurrency of the Sui blockchain) is showing signs of becoming a major player among new blockchain platforms. He points out that its price chart looks promising, breaking out of a pattern that often signals potential price growth.</p>
<p>What’s catching Pal’s attention is how $SUI is performing better than other top cryptocurrencies, including <a href="https://captainaltcoin.com/this-solana-metric-hits-new-ath-but-wheres-sol-price-headed-next/" target="_blank" rel="noopener noreferrer nofollow">Solana ($SOL),</a> even when the overall market isn’t doing much. This strength is noteworthy to him.</p>
<p>However, Pal emphasizes that Sui is still in its early stages. For it to truly succeed, it needs to prove itself by having successful, scalable applications built on its platform.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> is actiing like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One…<br><br>The chart has broken out of the inverse head and shoulders, which is an important first step. 1/ <a href="https://t.co/6tVpfELMCv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6tVpfELMCv</a></p>— Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1836000319152517402?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="fundamentals-looking-favorable">Fundamentals Looking Favorable&nbsp;</h2>
<p>He mentions that the total value locked (TVL) in Sui and a recent announcement from Circle are positive signs, but not enough on their own. He sees potential in gaming applications but thinks it’s too soon to tell.</p>
<p>Pal then discusses some technical aspects of Sui. He mentions recent upgrades that have made transactions very fast and hint at future improvements that could make Sui even faster than Solana’s upcoming upgrade.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/dot-price-prediction-will-polkadot-ever-hit-10-with-its-market-cap/" target="_blank" rel="noopener noreferrer nofollow">DOT Price Prediction – Will Polkadot Ever Hit $10 With Its Market Cap</a></em></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 450K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>In Pal’s view, the team behind Sui (Mysten Labs) is aiming to rebuild the internet for Web3, creating a platform that could potentially handle billions of users. He mentions features like easy logins and upcoming data storage solutions. But again, he stresses that it’s still early days for Sui.</p>
<h2 class="wp-block-heading" id="price-action-looks-promising-following-breakout">Price Action Looks Promising Following Breakout&nbsp;</h2>
<p><a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">The price of SUI </a>finally broke out of a 5-month-long resistance yesterday, with its price closing at $1.67. The price is now retesting the resistance with an opportunity to spike a lot higher if the new support holds.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-1024x480.png" alt="" class="wp-image-556123" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-300.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This resistance has been a barrier to further price growth since April. Thus, a successful restest could bring in a lot of bullish confidence to push the price to new highs.&nbsp;</p>
<p>The RSI is at 70 just at the overbought level, and short-term buyers may have to be cautious in case of a retracement. However, the 50-day, 100-day, and 200-day simple moving averages are all below the price. They could serve as support against a major price fall in case of a long retracement.&nbsp;</p>
<p>The simple moving averages positioning also indicates the bullish bias, <a href="https://captainaltcoin.com/this-crypto-trader-makes-a-bold-sui-price-prediction-is-1-5-next/" target="_blank" rel="noopener noreferrer nofollow">suggesting that buyers are more in control of the SUI market.</a></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-turns-bullish-on-sui-price-as-fundamental-and-technical-metrics-indicate-major-growth-potential/" rel="noopener noreferrer nofollow">Expert Turns Bullish on SUI Price as Fundamental and Technical Metrics Indicate Major Growth Potential</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Turns Bullish on SUI Price as Fundamental and Technical Metrics Indicate Major Growth Potential

Table of Contents

CaptainAltcoin

Other articles published on Sep 18, 2024

Crypto Market Cap: Bullish Prediction Sees $12 Trillion by 2026

Federal Reserve Meeting Major Highlights and Key Points

Your Crypto Career Starts Here: Best Web3 Job Sites for 2024

MANTRA announces mainnet launch set for October

MatrixPort and exSat establish Comprehensive Strategic Partnership to Drive Bitcoin Ecosystem Inn...

XYO and Upland Partner to Transform Web3 Gaming and Data Sovereignty (18 Sep)

Join our free newsletter for daily crypto updates!