2024

Bittensor

when

<p>After a strong rally in September when the SUI price pumped over 100%, it has now cooled off in the $1.6-1.8 range.</p>
<p>SUI is currently trading around $1.71 after taking a 2.5% dip today. However, one of the most popular crypto analysts, Michaël van de Poppe, has posted a viral tweet about when to buy SUI.</p>
<h2 class="wp-block-heading" id="technical-analysis-of-sui">Technical Analysis of SUI</h2>
<p>Van de Poppe’s analysis focuses on the 4-hour timeframe for the SUI/USDT pair on Binance. The SUI price is fluctuating near a local high after a strong upward rally.</p>
<p>The Relative Strength Index (RSI) at the top of the chart is showing bearish divergence. This occurs when the price makes higher highs while the RSI indicator makes lower highs, signaling a potential weakening of upward momentum and a possible <a href="https://captainaltcoin.com/sui-140-price-surge-might-be-ending-as-indicators-flash-sell-signals-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">SUI price drop or correction.</a></p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> –&gt; Where to buy?<br><br>Technically, there are better +EV opportunities, but SUI is likely one of the coins achieving the top 10 at the end of the cycle.<br><br>The aggressive entry point is $1.50-1.60.<br>The Conservative entry point is $1.30-1.40.<br><br>Targets?<br><br>New all-time highs. <a href="https://t.co/izBLvVguaq" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/izBLvVguaq</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1842535209738404224?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The chart highlights two potential entry zones for traders. An aggressive entry zone between $1.50 and $1.60 suggests that traders with a higher risk tolerance could consider entering positions here. This area has been marked as a potential support, located around previous consolidation areas.</p>
<p>A more conservative entry zone is identified between $1.30 and $1.40. This lower area may serve as a stronger support level, given that it coincides with earlier resistance levels that were broken and turned into support. This could represent a safer entry point for traders looking for a higher probability setup.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/bittensor-price-surges-how-high-can-tao-go-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Bittensor Price Surges: How High Can TAO Go? Key Levels To Watch</a></strong></em></p>
<h2 class="wp-block-heading" id="volume-and-sui-price-action">Volume and SUI Price Action</h2>
<p>The volume shows a surge during the initial price rise and begins to taper off as the price consolidates near the high. Decreasing volume during consolidation can often signal that a breakout or breakdown is imminent.</p>
<p>Based on the price action, SUI appears to be in the midst of a bearish pullback following a local high. The price seems to have broken from its upward momentum, showing a pullback that might soon enter the aggressive entry zone.</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 500K 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>
<h2 class="wp-block-heading" id="key-levels-to-watch">Key Levels to Watch</h2>
<p>The chart indicates a possible resistance around the $2.00 mark, where the price previously faced rejection. Breaking through this level could potentially send the price towards its all-time high (ATH) of $2.18.</p>
<p>Support levels to watch include the $1.60 level (aggressive entry zone) and $1.40 (conservative zone). If the price fails to hold the $1.40 support zone, it could experience further downside pressure, potentially testing even lower levels.</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">Here’s one you probably never thought too much about: How Sui compensates valuators for data storage? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>We take data storage methods for granted, but Sui’s storage fund has a huge influence on how developers build and how users can enjoy unique functionality at a minimized…</p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1842248819821740319?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="sui-price-prediction">SUI Price Prediction</h2>
<p>In his tweet, Van de Poppe suggests that there may be better expected value (EV) opportunities in other assets, implying that <a href="https://captainaltcoin.com/how-much-will-5000-sui-tokens-be-worth-by-2025-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">while SUI has potential</a>, there might be higher-probability trades elsewhere in the short term.</p>
<p>He distinguishes between aggressive and conservative entry strategies, with the $1.50-$1.60 zone for aggressive traders willing to enter on a slight pullback, and the $1.30-$1.40 zone for more conservative traders who prefer a deeper retracement before entering.</p>
<p>The main target mentioned is new all-time highs, specifically $2.18. Once the price clears the local resistance, traders are anticipating a move back to these highs.</p>
<p>Notably, Van de Poppe mentions SUI’s potential to reach the top 10 by the end of the cycle, indicating bullish sentiment and an expectation that SUI will outperform many other assets in the current market cycle.</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/when-to-buy-sui-analyst-weighs-in-as-price-takes-a-dip/" rel="noopener noreferrer nofollow">When to Buy SUI? Analyst Weighs In as Price Takes a Dip</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

When to Buy SUI? Analyst Weighs In as Price Takes a Dip

Table of Contents

CaptainAltcoin

Other articles published on Oct 5, 2024

Ethereum Whale Offloads $14M in ETH, Market Braces for Price Volatility

Solana’s Price Rises 1.88% Due to Market Rally

Ethereum’s Price Volatility: Is the Market Bracing for a Crash?

Coinpedia Fintech News

Institutional Demand Drives Bitcoin Spot ETF Holdings to $58B

Who Is Bitcoin’s Mysterious Creator Satoshi Nakamoto? Four Candidates Stand Out

Join our free newsletter for daily crypto updates!