- SUI shows bullish signs with potential “higher low” and “higher high” formations.
- TIA’s volatile movements suggest instability; watch key Fibonacci levels for entry.
- Rising EMAs in SUI indicate growing momentum, hinting at more price fluctuations.
The current cryptocurrency market exhibits considerable trading activities in SUI and TIA that may present opportunities for trade to investors. Crypto analyst Altcoin Sherpa has given his insights about SUI and TIA and the best way traders should handle their current market performance. However, Sherpa focused on the short-term possibilities while expressing concerns over the long-term prospects. He pointed out that the market’s volatility may bring profits to the traders.
In an X post on Monday, the analyst noted that SUI has the potential to form a “higher low” and a possible “higher high,” which is a sign of a bullish move. As of press time, SUI is trading at $1.10. In the past 24 hours, SUI has risen to its highest value of $1.1156 and a low of $1.0964.
$SUI decent one to trade. don't think much about it long term given unlocks/everything else but in the mid term it looks like you should only be longing this thing. higher low + 1d EMAs all strong. pic.twitter.com/QhSdgkS2RO
— Altcoin Sherpa (@AltcoinSherpa) September 15, 2024
SUI’s Bullish Signs
According to the analysis, the exponential moving averages (EMAs) favor the bulls. The 25-day EMA is $0.9150, the 55-day EMA is $0.8781, and the 200-day EMA is $0. 9682, trending upward. This trend indicates that SUI is gaining steam, which could eventually result in more pronounced price fluctuations. The volume has also risen, showing that more traders are coming in, and prices may increase further.
The TIA analysis reveals a different picture, characterized by recent volatility and sharp price fluctuations. In a recent post on Monday, the analyst noted that the EMAs suggested divergence for TIA. The 25-day EMA has been sustained at $4.539, while the 55-day EMA is at $4.89, indicating a certain volatility level. This is supported by the fact that there was a significant hike in trading volume, suggesting the likelihood of short squeezes as had been predicted.
$TIA as I said this thing is eventually going to go sub $1 but it's going to have some random short squeezes on it. psyops would be to pump price going into unlocks so all early shorters get rekt; plebs buy this thing and chase, and seed investors slowly get to dump. Wouldn't… pic.twitter.com/4KbxRkdvZk
— Altcoin Sherpa (@AltcoinSherpa) September 15, 2024
TIA’s Volatile Moves
The analysis provides the Fibonacci retracement levels, which could act as support and resistance levels. Investors should pay attention to levels such as $4.79 at the 23.6% retracement and $4.588 at the 38.2% retracement. Moreover, a more substantial potential support could be seen at $4.423, representing the 0.50% Fibonacci retracement level. As of press time, TIA is hovering around $4.64.
Top Token Unlocks This Week: DYDX, SUI, AKT, IMX, and ENASUI and TIA investors should consider these technical indicators and market conditions to make short-term trades. For SUI, keeping the prices above the 200-day EMA would enhance the possibility of continuing with the uptrend. On the other hand, TIA traders may try to enter the markets around the significant Fibonacci levels in case of further short squeeze.
Short-Term Trading Focus
Traders are advised to exercise caution when setting their stops and carefully monitor the market to predict the direction and scale of price fluctuations in order to reduce losses and optimize profits. Consequently, as the market expands, it becomes increasingly crucial for investors to stay informed and adaptable to the demands of cryptocurrency trading.
