SUI LONG OPPURTUNITY - SUI NETWORK BULLISH TREND ALERT
2024-10-30

SUI is one of the most popular altcoins in the crypto market right now. It has strong fundamentals, a solid team, and a growing community. I personally hold a spot position in this coin, and I expect to see SUI among the top 10 most valuable crypto assets soon.

Technical Analysis: SUI ran the daily swing liquidity and reached the daily demand zone responsible for the previous all-time highs. The price couldn't close below the daily swing and showed a strong rejection there.

After that, SUI broke the diagonal trendline that had maintained the lower time-frame bearish trend. The breakout was strong, with a close above, indicating to me that SUI has broken the bearish lower time-frame structure and is now targeting new highs.

I expect a small retracement to the green zone marked as the "4H Demand Zone," aligning with the Fibonacci equilibrium level. I’ll be looking to open a position there, aiming for new all-time highs.

