Sui ($SUI) continues rampage – takes on all-comers

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As a seasoned researcher with over two decades of experience in the financial markets, I have witnessed countless bull runs and bear markets. However, the meteoric rise of Sui ($SUI) has left me quite intrigued. The parabolic trajectory it’s currently on reminds me of the dot-com bubble of the late 90s – a time when everyone thought they were getting rich overnight.

As a crypto enthusiast who jumped on the bandwagon in mid-2023, I’ve been consistently impressed by the meteoric rise of Sui ($SUI). This cutting-edge Layer 1 blockchain has been turning heads across the crypto space, showcasing its technological prowess and holding its own against other prominent players. The question on everyone’s lips is: How high can $SUI soar? While it’s impossible to predict exact figures, I’m optimistic about the potential growth of this innovative project and am excited to see where it takes us in the future.

$SUI parabolic rise

For the SUI/USD pair, the weekly chart exhibits an impressive, upward-curving trend in price. A prior cup and handle pattern has burst through, and the predicted rise based on this pattern has already been realized. It seems that the price is moving towards the 2.618 Fibonacci level, with a potential pause or consolidation occurring near this point. Further up, the 3.618 Fibonacci represents a future objective at approximately $6.70.

$SUI makes beautiful support against $BTC

In this ongoing bull market, not many cryptocurrencies are outshining Bitcoin, but SUI is undeniably among them. The graph above illustrates that the price of SUI (in relation to Bitcoin) has discovered a supportive base at 0.000035 BTC, and it’s currently surging dramatically compared to the reigning cryptocurrency.

$SUI huge breakout against $ETH

In contrast to the Ethereum-Swiss Franc or Ethereum-USD Dai pair (SUIUSD/ETHUSD), the Swiss Franc (SUI) stands out even more. A breakthrough of the previous resistance at 0.0007 ETH has led to a remarkable 78% growth in the value of SUI within this specific pairing.

$SUI breaks downward trend against $SOL

After two weeks, when comparing $SUI to $SOL (SUIUSD/SOLUSD), it appears that $SUI has broken free from its descending pattern. This trendline break could be significant, suggesting a potential rise that may encounter resistance at 0.0245 SOL. Additional price points for SOL are shown on the chart.

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2024-12-13 15:07