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2 sourcesCryptoBriefingNewsBTC
29 Aug

Switchboard halts operations on Aptos, SUI, IOTA, and Movement after detecting potential compromise

The shutdown highlights the critical need for diversified oracle sources in DeFi to prevent systemic risks and ensure operational resilience.

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2 sources24 Aug

Phantom ends Sui support on Sept. 24

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SUI - Poised for +150% Move by EOY

Right now, SUI is developing the proper market structure that could lead price on a 150% move by the end of this year. How the Bottom Is Forming First, let's understand why a bottom appears to be forming around these prices. Review these two past SUI posts to understand the bottoming signals price is currently showing: https://www.tradingview.com/chart/SUIUSDT/otNkfonN-SUI-First-Signs-of-Cyclical-Accumulation/ https://www.tradingview.com/chart/SUIUSDT/xV72EJZ0-SUI-A-Mathematical-Beauty/ SUI vs BTC Now let's look at SUI against BTC to determine whether it has the relative strength needed to start gaining value against Bitcoin. The answer is embedded on the 2-week chart, which I have outlined here: https://www.tradingview.com/x/HlRc6ymR/ I have a dotted black trendline outlined as the primary support trendline for the ratio. In addition to that, the ratio has double bottomed around 0.000009, with the first low coming in July 2024 and the most recent low holding that same level for the past month and a half. At the same time, a gravestone doji has formed. Normally this candle signals bearish exhaustion after an uptrend, but since it is forming at the bottom of a downtrend rather than the top of a rally, it takes on a very different meaning here. A gravestone doji at support after a prolonged decline often reflects sellers pushing price down only to be met with strong enough buying pressure to close the candle back near its open, essentially a failed attempt by sellers to push the low any further. When this pattern appears at the base of a long downtrend rather than at a peak, it can actually function as an early reversal signal rather than a continuation one. The Falling Wedge Now let's look at the current chart. I have the weekly line chart outlined, which only accounts for candle body closes, alongside the weekly RSI. Both appear to be forming falling wedges (solid black trendlines), which carry a high likelihood of breaking out. Once price is able to close weekly candles above the upper boundary of the falling wedge, that should mark the start of the breakout. Once that breakout occurs, I can project both where price is likely to reach and roughly when it will get there. To help with this, I have a dotted black trendline outlined, along with the 0.236 level of the current Fibonacci trend. The Target and Timing What is interesting is these levels converge around late November to early December 2026. This means that upon breaking out, SUI is likely to reach the 0.236 level near the end of Q4 this year! That should put price somewhere between $1.75 and $2, representing over a +150% move from current prices. Would love to hear everyone's thoughts. Do you think this is reasonable, or does SUI still have lower to go first?

TITradingView Ideas15 Sept

#SUIUSDT – Bullish Triangle Breakout Confirmed | Resistance

#SUI The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound. A retest of this boundary is expected, supporting an upward move. The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour chart. There is initial support at the 0.6600 level. A key support zone (marked in green) exists at 0.6200; the price has bounced off this area multiple times, making it a strong support level. The price is moving toward the 100-period moving average, which is within close range; this supports a potential rise. Entry Price: 0.7100 Target 1: 0.7213 Target 2: 0.7362 Target 3: 0.7507 Stop Loss: At the green resistance zone. Remember this simple rule: Capital management. If you have any questions, please leave a comment. Thank you.

TITradingView Ideas15 Sept