2024

Elite

<p>Michaël van de Poppe updated his SUI price outlook in a viral tweet posted earlier today.</p>
<p>He pointed out that the SUI price has undergone a significant correction, pulling back around 30% from its recent peak. The token is currently trading at $1.8232, down nearly 1% in the latest trading session, as selling pressure continues to weigh on the price.</p>
<p>According to van de Poppe’s technical analysis, several key price zones warrant attention. The primary support level sits around $1.7929, forming <a href="https://www.investopedia.com/trading/support-and-resistance-basics/" target="_blank" rel="noopener noreferrer nofollow">a strong horizontal support</a> that could potentially act as a buffer against further downside. A secondary support zone hovers near $1.60, which aligns with growing buyer interest in the market.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The markets have been correcting and <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> has seen a 30% correction after a giant run. <br><br>That means that I think that this one is going to be into an area of interest (for me).<br><br>I think starting to build a position here is good, through which the area around $1.50 is good too. <a href="https://t.co/FxocUp6xUM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/FxocUp6xUM</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1850155548596924563?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The renowned analyst highlights the $1.50-$1.60 range for <a href="https://captainaltcoin.com/can-sui-reach-100-this-crypto-cycle-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">the SUI price</a> as what he terms an “aggressive area for entry.” This zone could present opportunities for traders following the substantial retracement. The chart’s technical indicators suggest a potential further decline of 31.33%, approximately a $0.7448 move from current levels, which would bring the price into this target zone.</p>
<p>Trading volume has shown a gradual decrease during the recent downtrend, potentially indicating weakening selling momentum. The RSI indicator is moving toward oversold territory, which historically has preceded price reversals in similar market conditions.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/this-kaspa-kas-metric-soars-outperforms-bitcoin-dogecoin-and-more/" target="_blank" rel="noopener noreferrer nofollow">This Kaspa (KAS) Metric Soars, Outperforms Bitcoin, Dogecoin, and More</a></strong></em></p>
<p>Van de Poppe’s analysis suggests a measured approach to position building, with current levels offering initial entry points while keeping powder dry for potential moves toward the $1.50 mark.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">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="noopener noreferrer 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="noopener noreferrer nofollow"> <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-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <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" rel="noopener noreferrer nofollow">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="noopener noreferrer nofollow"> 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/sui-price-dips-30-elite-analyst-points-to-buy-zones/" rel="noopener noreferrer nofollow">SUI Price Dips 30%, Elite Analyst Points to Buy Zones</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Price Dips 30%, Elite Analyst Points to Buy Zones

Table of Contents

CaptainAltcoin

Other articles published on Oct 26, 2024

Why Guess About Uniswap Hitting $10 When Traders Are Betting on This New Bullish DeFi Token?

New Nova Labs Layoffs Affect 36% of Employees

What Happened In Crypto Market This Week?

Avalanche Price Prediction: AVAX Price To Record A Bullish Reversal Or Breakdown?

Do Betting Odds Know Best?

Can Cardano’s Bitcoin Bridge Propel ADA Beyond the $0.33 Mark?

Join our free newsletter for daily crypto updates!