CandleFocus Is SUI The Next Big Crypto Breakout Of 2024?
2024-10-15
Author: Content Editor
The article discusses the recent growth of the cryptocurrency SUI, which broke through the $1 resistance level and skyrocketed by 120%. However, the rapid gains have led to concerns of a possible pullback or retracement in the price. The author suggests that a new support level for SUI could be found between $1.90 and $1.98, known as the golden ratio on the Fibonacci retracement scale. Moving averages also align with this potential support level, reinforcing the idea of its strength. Some traders have raised concerns about SUI being in overbought territory and forming a bearish divergence pattern, but the author notes that SUI has shown similar behavior in the past and still managed to push higher. The strategy recommended moving forward is Dollar Cost Averaging, where small amounts of SUI are bought over time to average the purchase price and reduce volatility impact. The article concludes by reminding readers to trade responsibly and use stop-loss orders to protect their investments.
Related News
Bitwise surpasses $5B in AUM with Bitcoin ETF contributing over $2.7B Ethereum Could Target $3,400 Once It Breaks Above Bullish Pattern – Details AILayer Partners with XStar to Revolutionize Web3 Identity Verification Pay Attention to These 5 Cryptos Leading the Market in High Transaction Speed Make $1M This Uptober with These 5 Ethereum Tokens Hoskinson: Strong Evidence Chain Crucial for Blockchain Development Coinbase Seeks Partial Summary Judgment In US SEC Lawsuit Top Expert Reveals 3 Crypto Coins to Turn $10 into $100K in Just 60 Days Beyond Bitcoin: Exploring DePIN, AI, Memecoins, RWA, and GameFi Solana Meme Coins Rising But Is This Deployer Dumping On Degens? Salvadorans Like Bukele But Aren’t Using Bitcoin, Survey says Is Polkadot (DOT) The Next In Line For Parabolic Rally? Jupiter (JUP) Surges 10% as Grayscale Adds It to Potential Investment List Kraken integrates EigenLayer to simplify Ethereum restaking for broader audience BREAKING: Tesla Moves Bitcoin for the First Time in Two Years XRP Gains Traction After Legal Win, CTF Token Set for Major Growth ? Grayscale Seeks to Convert Fund With Solana, XRP and Avalanche Into ETF 'Network State' project Praxis secures $525 million to build crypto-friendly city Ripple Legal Chief Says SEC Appeal Will 'Backfire'—And Benefit the Crypto Industry Is crypto’s ‘ChatGPT’ moment nearly here? Ethereum price shows strength, but a 23% drop in DApps activity raises concern Bitcoin open interest soars to one-year high as BTC price rallies toward $68K "Don't Do That": MicroStrategy's Saylor Issues Crucial Warning Polkadot’s Prudent Financial Management Highlighted in Latest Treasury Report Missed the SUI Rally? Aptos Price Analysis Signals Next 80% Surge Argentina Approves First Legally Binding Cardano Smart Contract IOTA Unveils IOTA Labs: A New Ecosystem Arm to Propel DeFi, Web3, and Real-World Solutions NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’ Investment Company Executive Predicts What Could Happen to Ethereum, Solana and Avalanche if Kamala Harris Wins Analyst Says It’s Time for Bitcoin Rallies, Updates Forecast on FET and Solana-Based Memecoin Coinbase Escalates SEC Fight Over the Agency's Inside Chatter on ETH Fed’s Daly Talks on US Economy and Interest Rates as Bitcoin Surges SunPump and BitMart Team Up to Expand Meme Coin Market on TRON Ethereum Struggles to Break $2,660 Resistance as Traders Watch Main Levels Bernstein Analysts Explain the Real Reason and Expectations for the Rise in Bitcoin! PEPE Price Prediction: Here’s Why the Meme Coin Could Rise By 50% Giant Whale, Who Accumulated $500 Million Bitcoin in the Last 4 Years, Makes a Post-Surge Move Binance Coin Prediction: Analyst Predicts BNB Price to Hit $1000 in 2024 JPMorgan bullish on crypto into 2025, considering a Trump win and other factors Amateur boxing is a whole new experience with prediction markets Whale Nets $1.03M Profit on TURBO Token as Pricbe Surges 35.6% Africa dominates Web3 adoption as it outpaces the west XRP Fails to Overcome Death Cross, Casts Doubts on $0.65 Rally Why the $172B Stablecoin Market Could Send Crypto Prices Higher Ripple leads $25 million round in Bitnomial as the derivatives exchange launches futures trading platform in US Anthony Scaramucci ‘Wildly Bullish’ on Bitcoin, Says ETFs Providing Catalyst for Mass Adoption Why does Kamala Harris think she needs to protect black men’s crypto? Notcoin (NOT) Price Could Climb 50% If This Happens Truflation Launches Inflation Calculator in India for Real-Time Insights Bitcoin crosses $67k to hit 2-month high Ethereum Whale Makes $2.8 Million Profit in 38 Days NiceHash Launches World's First Firmware for Antminer Kaspa ASICs Can the MEV trilemma be solved with trusted execution environments? Adam Bates Joins MultiversX as CMO to Drive Global Blockchain Adoption Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead? Litecoin spikes 10% as Canary Capital applies for spot Litecoin ETF Google’s nuclear power plan could revolutionize cryptocurrency mining Trump-backed World Liberty Financial stumbles at launch, website goes offline Sui ‘infrastructure partner’ to dump $20 million more amid selling spree CORVA: Bitcoin Can Reduce Racism Bitcoin traders brace for new highs after BTC rally to $68K Crypto market matured ‘dramatically’ in 2024: Coinbase Opacity Network raises $12 million seed round for ZK-based data verification platform ? Canary Capital files for Litecoin ETF with SEC filing Ripple Swell 2024 Live: CLO Stuart Alderoty and Adrienne Harris Discuss Cryptocurrency Ethereum traders see limited ‘upside’ in ETH price beyond $2.6K Azra Games raises $42.7 million in Series A, bringing total funding to $68.3 million XRP Skyrockets 60% in Volume Amid $266 Million Market Chaos Why This ETF Expert Is Bullish on Ethereum and Says Washington’s Crypto Stance Is Misunderstood Binance, KuCoin Request Source of Funds from Indian Users After FIU Registration SHIB Price Prediction for October 15 DeFi’s slow infrastructure is holding back mass adoption DeepBook token soared after airdrop, but gains could be brief Shiba Inu Price Forecast As Analyst Calls SHIB a "Relic of Past" Will Cardano Price Ever Make it to ATH? Starknet’s Growth: A Surge in Developer Activity and Package Downloads Solana Foundation Offers $275K to Innovators for a Historical Verification Tool TikTok accused of operating as crypto exchange in the UK, report DOGE Price Prediction for October 15 Sudden Bitcoin Price Spike Pushes Crypto Liquidations to $285 Million MiCA-compliant stablecoins take market share of euro-stablecoin sector: Kaiko Research 'Doge Designer' Asks DOGE Community to Support X, Elon Musk Confirms It Shiba Inu (SHIB) Rockets 517% in Whale Activity Amid Partnership News Ripple News: Doubts Grow Over SEC’s Appeal Withdrawal as October 16 Nears 10 Best Enjin Games to Play in 2024 Cardano Founder Identifies “Long Overdue” Protocol that Could Massively Improve Cardano BTC price focus shifts to $69K as Bitcoin challenges 8-month downtrend Mastercard Announces Partnership with a Surprise Altcoin! Toncoin (TON) Price Holds Ground While Market Awaits Direction Nansen ‘Beyond DeFi’ report highlights $3.2B market for AI services Ethena flips crucial resistance as crypto fear and greed index rises Stellar integrates on-chain analytics platform Dune XRP to regain bullish momentum if BTC surges past $67K – Analyst Crypto Analyst Reveals 4 Altcoins for Up to 10X Gains Dogecoin Rockets 3,586% in Whale Activity, But There's a Catch How The $60M AVAX Buyback Could Impact Terra Luna Classic Price Binance publishes a major overview of global stablecoin regulation President Harris Should Buy Bitcoin to Pay Black Americans Reparations Coinbase seeks court ruling for SEC documents on how securities laws apply in ongoing FOIA case Bitcoin Price Skyrockets by $2.5K in Minutes to Highest Levels Since July, Is Uptober Finally Here? Scammers promote fake Uniswap L2 on Google amid Unichain hype Are stablecoins a leading indicator for major rallies? Phlomis Finance to Transform RWA Tokenization with Chromia Alchemy Pay partners with Yellow Card to expand crypto access in Africa Waves founder unveils Units protocol for layer-2 interoperability $1.32 Billion Dogecoin (DOGE) Mystery Stuns Crypto Community Here’s How High XRP will Go in the Next 6 to 12 Months, According to Expert Zilliqa Announces Monthly Halving Implementation In 2024, the Litecoin Network Processed 77 Million Transactions, A Major Milestone in the Coin’s Development Ethereum Price Forecast: ETH shows mild signs of recovery Is Ethereum (ETH) Showing Signs of Rebound After Recent Dip? Blackrock CEO Is Right: Trump and Kamala Can’t Stop Bitcoin Trump leads Harris, but POTUS won’t matter for Bitcoin: BlackRock’s Fink Securitize Launches USDC Conversions for BlackRock's Digital Liquidity Fund Analysts Monitor Bitcoin’s Breakout Above $66,000 for Bull Run Confirmation Should You Invest in Ethereum (ETH)? Charts, Stats, Analysis for 2024 These 5 Bitcoin price metrics hint at a new all-time high in 2024 Top Crypto Investments by Active Loans Brazil to regulate stablecoins in 2025, says central bank chief Analyst Explains Why Ethereum Price Rally to $6,000 Will be "Most Hated Rally" NEIRO Surges to New All-Time High, Buyer Fatigue Could Dampen Momentum Spot Bitcoin ETFs vs MicroStrategy, What's A Better BTC Proxy Bet? Is the election the end for PolitiFi memecoins — Or just the start? Aura Blockchain enters the luxury furniture sector with Poltrona Frau and Savio Firmino Crypto Options Market Surges with Over $1.2B in Block Trades Telegram removes the crypto wallet in France after the arrest of Pavel Durov a16z-backed onchain messaging platform Towns officially launches Trump Family's World Liberty Finance Token Sale Appears to Go Live, Selling 220M WLFI in Minutes Blockstream Raises $210M in Convertible Note Financing Round Stripe is the first to utilize a new stablecoin payments platform from Paxos XRP Tests Critical Resistance, Can it Break Out and Rally? Bitcoin Omega Candle Inevitable: '$1 Million BTC' Samson Mow Over 160,000 Cardano Addresses Prepare to Halt ADA Price Increase at $0.39 Ripple Names Exchange Partners for Stablecoin RLUSD, Awaits NYDFS Approval No, Larry Fink didn’t say bitcoin will be as big as the housing market Standard Chartered says bitcoin could revisit its all-time high before the US election TURBO Meme Coin Soars 116% in October: Records New All-Time High South Korea to Form Committee to Review Spot Crypto ETF Plans Memecoin Rally: BOME, MEW, BONK, FLOKI, POPCAT Gain Value Dogecoin Double-Bottom Breakout: Is a Bullish Rally to $0.15 on the Horizon? Tesla vs. DeLorean: Will SHIB or DOGE Win the Meme Coin Race? Will Solana Price Crash to $80 As FTX Unstakes $27 Million SOL? Real Estate Investor Advises Investors to Sell XRP and Cardano for Bitcoin: Here’s Why BTC, ETH and SOL Fuel $184 Million Crypto Liquidation Cash-Margined Bitcoin Futures are More Popular Than Ever as Open Interest Reaches New Highs Cardano Developer Unveils Major Milestone in ADA Protocol Evolution Binance, Indian police bust renewable energy scam, seize $100,000 in USDT SEC goes after Cumberland, Tether’s biggest customer 3.12 Trillion Shiba Inu in 24 Hours: SHIB Comeback Coming Bitcoin's 'Uptober' momentum fueled by pro-crypto US candidates and fading global tensions Bitcoin could hit $250K in 2025 – Here’s how and why Gaming serves as a sandbox to explore tech avenues — Mysten Labs exec Core Foundation Launches Developer-Focused 'Core Commit Program' with Funding and Mentorship XRP Price Could Rocket 143% Due To This Historic Signal Santiment Explained! While Bitcoin (BTC) Rises, Investors Focused on These 10 Altcoins! SingularityDAO Plans to Merge With Cogito Finance, SelfKey to Form AI-Focused Layer-2 What Are Crypto Forks? Bitcoin Exchange Binance Listed 2 New Altcoin Pairs, One of Them TRY Pair! Analyst Predicts Polkadot Breakout to $20 as DOT Surges Above 20-Day EMA Shiba Inu (SHIB) Burn Rate Skyrockets 7,911% as Price Eyes New High Wintermute: 40% of Solana’s trading volume centers around meme coins Crucial Message About Power of Crypto Issued by SHIB Executive Ripple Price Analysis: Is a Major XRP Rally Above $0.6 Possible? Ledger users targeted by malicious ‘clear signing’ phishing email Ripple CTO Refers to Kamala Harris Pro-Crypto Policy Statement as Positive News Ripple Boosts Digital Economy in Australia Bitcoin adoption and psychedelic use seeding a new world | Opinion Ethereum’s $2,500 Breakout Spurs Dormant Coin Activity, Exchange Deposits Soar Regulation by enforcement leads to ‘exodus’ of talent — RAK DAO exec Bitcoin strength driven by correlation to rising Trump election odds, with MicroStrategy a leading indicator: Bernstein 77% Polymarket bets predict the Fed will cut rates by 25 bps in November BOME Price: Book of Meme Price Explodes With 60% Daily Market Review: BTC, ETH, BOME, MEW, BCH Crypto Prices Today Oct 15: BTC Breaches $65K, ETH, SOL, & XRP Gain 4%-7% $145m in short liquidations pumped Bitcoin, altcoins Brandt says Bitcoin to Influence Stock Markets in Future, Identifies Crucial BTC Breakout Level FalconX Unveils Auto-Liquidation Service for APAC Crypto Miners Amid Sector Woes Bitcoin Surges Past $65k, Liquidations Fuel Rally, $70k Next? Mark Cuban on Trump's Transactional Politics & Whale Influence Hong Kong Busts Crypto Fraud For Defrauding HK$360M IOTA News: Tangle Tops Blockchain in IoT Use Cases—Turkish University Study Explains Why Book of Meme (BOME) Open Interest Hits All-Time High Amid 60% Price Rally Different this time? Bitcoin RSI says $233K BTC price possible in 2025 Mint Blockchain Receives Funding to Advance NFT Projects Crypto.com and BENEFIT enter into dialogue to support fintech in Bahrain Shiba Inu Unveils New Financial Partner to Elevate SHIB to the Next Level XRP Targets Set at $9.3, $16, and $26 Based on Standard Deviation, Says Analyst 'Rich Dad Poor Dad' Author Shares Secret of Surviving In Hard Times of Inflation Analyst Says XRP Explosion is Coming After Breaking This Level Aerodrome Leads Liquidity Race on Base, Secures 90% Volume with Slipstream Pools BitBoy Says Big XRP Announcements Coming Soon Regarding Global Adoption Here’s What Could Kick Off ‘Parabolic Phase’ of Bitcoin Bull Run, According to Crypto Trader South Korean Cryptocurrency Exchange Upbit Shares New Altcoin Listing Announcement! What Has Driven Bitcoin to $66.5K in Bullish Market Pivot? These Altcoins Mark Biggest Gains as Bitcoin (BTC) Jumped to 3-Week Peak (Market Watch) Cysic enhances Scroll’s ZK rollup efficiency with advanced hardware integration FTX Puts Brakes on Solana’s $160 Surge, Coin Eyes 15% Correction DBR liquidity bootstrapping gets underway on Jupiter's launchpad ahead of deBridge token launch Will History Repeat Itself in Bitcoin? How True is the Mega Bull Claim Ahead of the US Elections? Binance Coin Eyes $600: Is Ethereum’s Fall a Catalyst? XRP Price Meets Range Resistance: Can It Power Higher? Coinbase stock has 2 catalysts: is the CONY ETF a better buy? ? BlackRock’s Fink: Bitcoin is an Asset Class, Like Gold Can Aave Price Soar 140% Amid Spike in Whale Acitivity? Worldcoin Price Could Reclaim $10 If This Happens Solana’s Total Value Locked Surpasses $6.1 Billion, Setting Multiple New Records Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last? Is Bitcoin Price Crash To $50K Possible In The Next 30 Days? UAE Requests Investigation Into Cardi B's WAP Meme Coin Neel Kashkari: Bitcoin Still Worthless After 12 Years CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks ? Sui becomes best-performing digital asset YTD Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains Smart Contracts Achieve Legal Breakthrough in Argentina Cryptos With The Lowest Transaction Fees in 2024 Pick Investors As BTC passes $66K, is ‘Uptober’ finally upon us? $150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway Bitcoin Price Reaches Critical Resistance: Can the Rally Push On? Bitcoin Reclaims $66k But Retail Investors Lag—Is A Final FOMO Wave Coming? Metaplanet stock soars 15% after firm scoops another 106 BTC Bitcoin Prices Reach Highest Since Late September As Multiple Factors Fuel Gains Bitcoin Price and Chart Disappear from Google Search: Is Crypto Being Suppressed? Kamala Harris Finally Affirms Support For Crypto, But There Is A Twist MEV bot scam rides AI hype to return under new name, says SlowMist Tether Explores Lending Opportunities With International Commodities Traders This Chart Indicates Bitcoin May Be Headed For Record Highs Above $73K XRP Holds Steady at $0.50 Despite Market Uncertainty FinCEN alleges TD Bank failed to report suspicious crypto activity amid $3 billion money laundering penalty Bitcoin Nears Key Breakout: Last Three 200-Day MA Crossings Triggered ‘Parabolic Bull Runs’ Cryptopay Card Review: Pros & Cons, Spending Limits, Fees, and Alternative US spot Bitcoin ETFs see $556M inflows in biggest day since June BTC Prints Familiar Pattern: Stochastic Breakout Hints at Major Rally Ethereum Price Surges: Can the Rally Sustain? Is SUI The Next Big Crypto Breakout Of 2024? Australia’s first ETF directly holding Ether goes live Crypto Trends: Bitcoin’s Rise, Ethereum’s Challenge, and Global Market Influences Crypto stocks see price rally as Bitcoin tops $66K Trump Media and Technology Group (DJT) stocks’ rally extends, gaining over 18% today Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months Google Removes Bitcoin Price Charts from Search Results, Sparking Speculation Crypto Whale Turns $150K into $6.44M in Just Two Months ChainGPT Labs and DEXTools Release DEXT Pad to Revolutionize DeFi Investment Toncoin Sharpe Ratio Rising, Is TON Readying For $8? Best Low Supply Cryptocurrencies in 2024 Maximizing Potential Aleph Zero Launches 520M $AZERO Supply and New Inflation Model with Mainnet 13.4 Shiba Inu Price Flashes Historical Bull Flag, Here’s What Happened Last Time Trader Hints at Parabolic Rally to All-Time High for Solana Rival, Updates Outlook on PEPE and WIF Bitcoin poised for more upside after breaking $63,000 – Bitfinex Tesla’s automation will help with stablecoin adoption: Pompliano CryptoQuant CEO Analyzes Bitcoin Buying Trends