SUI/USDT 1D 
2024-09-17

SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging. 

There are a few key points on the SUI chart that catch my eye:

- 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example.

- Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken.

- Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go. 

With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.   