Based on technical indicators and emerging market news, Sui (SUI) seems to be your best opportunity in the upcoming period:
1. Strong technical setup:
Breakout of the ascending "falling wedge" pattern on the 4-hour frame, which usually indicates a strong upward trend.
Chaikin Money Flow indicator is now above zero, which is a positive sign for capital inflows towards the currency.
2. Important event in June:
44 million new units were launched on June 1 (~1.3% of the supply), which may increase volatility and serve as a starting point for a subsequent upward wave.
3. Short and medium-term price targets:
Potential move towards $4.30, and if momentum continues, towards $5–7 as some analyses expect.
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📊 Alternatives with promising opportunities:
Currency Brief analysis
Hyperliquid (HYPE) Breakout from resistance ~$39.9 with positive MA and supportive MACD; may touch $50 soon
Polkadot (DOT) Watch for "elastic scaling" feature in Polkadot 2.0 with an "inverse head & shoulders" pattern; next target around ~$6
Chainlink (LINK) Breakout from resistance around ~$13.9 and a return of buying strength (MACD); the upward arrow indicates the possibility of it reaching $20–30
Solana (SOL) "bullish flag" or "falling wedge" pattern, with potential ETF issuance and returns possibly reaching $200 soon
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✅ Final recommendation – SUI
Type of trading: Short to medium-term trading (in the coming days to weeks)
Suggested entry point: between $3.0 – $3.5
Initial target: $4.30 → Secondary target $5+
Opportunity description: Combines strong technical support, market momentum after a significant offering event, and potential for quick gains before any larger upward wave in altseason.
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🔍 Guidelines for sound trading with SUI:
1. Enter with 1/3 to 1/2 of your position size at $3.0 – $3.5.
2. Ensure clear trading volume on the breakout – breakout from the triangle and close a candle above the 3.8–4.0 area with momentum.
3. Set a stop loss below the strong support area at $2.9 — to curb risks in case of negative movements.
4. Use gradual profit-taking at $4.3 and another at $5 — to reduce risks and take gains upon reaching the specified targets.
5. Follow updates and fluctuations regarding the currency: all news and events related to Sui could change the equation (security breaches, partnerships, new ICOs...).
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🧭 How to benefit more?
Incorporate SUI within a strategy that includes ETH and BTC as core assets, with selected additions like LINK and DOT to take advantage of altseason.
Monitor market liquidity and BTC trend: BTC movements usually accompany strong waves in alternative currencies.
Adopt a mix of technical and fundamental analysis – especially follow technical updates (such as Sui network updates) or chain data on ChainStats and Messari.