bullish

Solana

Resistance

<p>SUI has been a hot story, and even though the price cooled down a bit this month, it remains one of the best-performing altcoins. <a href="https://captainaltcoin.com/sui-price-prediction-2024-is-the-bearish-trend-here-to-stay/" target="_blank">The SUI price</a> reached an all-time high on October 14th of approximately $2.35 before pulling back to current levels slightly above $2.</p> 
<p>Analyst “LEO” shared a viral SUI chart last night with his 5,000 followers on X, formerly Twitter.</p> 
<p>The SUI chart reveals a clear <a href="https://www.strike.money/technical-analysis/cup-and-handle" target="_blank" rel="nofollow">cup and handle pattern</a>, which typically signals the end of a downtrend and the beginning of an upward movement. The cup formation shows a rounded bottom, suggesting a gradual transition from bearish to bullish sentiment during a lengthy consolidation phase. Following this, the handle appears as a smaller dip after the initial upward trend, indicating a brief consolidation before a potential breakout.</p> 
<figure class="wp-block-image aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="608" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-1024x608.png" alt="" class="wp-image-568450" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-1024x608.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-300x178.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-767x455.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-1536x911.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-2048x1215.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-253x150.png 253w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-590x350.png 590w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664-788x467.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-664.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  <strong>Source: <a href="https://x.com/CryptoLeo00/status/1846929165783642466" target="_blank" rel="nofollow">X/@CryptoLeo00</a></strong>
 </figcaption>
</figure> 
<p>The SUI price has successfully broken above a key resistance level, marked by the previous all-time high area. A descending trendline that previously acted as resistance has also been breached, strengthening the bullish case. After breaking above this resistance zone, the price retested it as support, with buyers maintaining confidence at these levels.</p> 
<h2 class="wp-block-heading" id="comparing-market-caps-sui-vs-solana">Comparing Market Caps: SUI vs. Solana</h2> 
<p>The SUI price action shows a smooth upward trajectory from around $0.40, steadily climbing to current levels near $2. While Solana’s market cap stands at $72 billion, SUI’s current market cap is $5.2 billion. The analyst notes that SUI’s recent break of its all-time high and subsequent support retest stands out, as similar patterns are not currently visible in other top-20 cryptocurrencies.</p> 
<p>LEO predicts that, based on the current settings, SUI can reach Solana’s market cap this bull run.</p> 
<p>The rounded bottom formation and steady handle development suggest continued strength in the current trend. The analyst’s chart indicates potential for further upward movement, based on the successful completion of these technical patterns.</p> 
<p><em><strong>Read also: <a href="https://captainaltcoin.com/analyst-predicts-ripple-xrp-price-will-be-unstoppable-key-resistance-levels-to-watch/" target="_blank">Analyst Predicts Ripple (XRP) Price Will Be Unstoppable – Key Resistance Levels to Watch!</a></strong></em></p> 
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank">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="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="nofollow sponsored"> <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-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <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">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="nofollow sponsored"> 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/analyst-predicts-sui-will-reach-solanas-market-cap-as-sui-chart-shows-bullish-pattern/">Analyst Predicts SUI Will Reach Solana’s Market Cap as Sui Chart Shows Bullish Pattern</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Analyst Predicts SUI Will Reach Solana’s Market Cap as Sui Chart Shows Bullish Pattern

Table of Contents

CaptainAltcoin

Other articles published on Oct 18, 2024

Trending Meme Coins To Watch Today, October 17 – Goatseus Maximus, Cheems, Degen

Crypto VC-Linked Entity Loses $36M to Phishing Attack - Report

Supreme Court OKs U.S. Government to Sell $4.4 Billion in Seized Silk Road Bitcoin

Truth Terminal becomes the first AI crypto millionaire

School Teacher Becomes Millionaire Trading Memecoins: $0 to $20M with Dogecoin and WIF, Now Share...

Hachiko is the new meme coin to rally with 933% gain; this crypto could explode next

Join our free newsletter for daily crypto updates!