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The Sui price has surged 12% in the last 24 hours to trade at $1.42 as of 7:48 a.m. EST, with trading volume plummeting 27% to $337 million.
Sui Price Breaks Above The Rising Channel
The price of Sui shows a rebound following an extended downtrend as the bulls initiated a buying surge on the $0.37 support, forming an upward channel.
Despite the slight pullback at $0.98 resistance, the bulls showed resilience, driving the price above the channel, surpassing the May 2023 high, and reaching a new high at $1.47.
The price currently trades above the 50-day and 200-day simple moving averages (SMAs), affirming the bullish sentiment at the golden cross at $0.59, coinciding with the lower boundary of the rising channel.
The Relative Strength Index (RSI) is also bullish, rising from the 50 midline level to 77 in the overbought level, indicating intense buying pressure.
Sui Price Bulls Aim For New Highs
The Sui price maintains a bullish stance as bulls look to achieve new highs by the end of January. However, if bears intervene, there is a risk of a sell-off towards the protective support zone at $0.092.
Meanwhile, investors may also want to explore the Launchpad XYZ token even as Sui continues its surge. Launchpad XYZ is set to unveil the secrets of Web3 crypto trading, revealing the next 10X crypto for users.
Launchpad XYZ Presale, Less Than 8 Days To Launch, Secure LPX Now
Investors have less than 9 days remaining before the upcoming Launchpad XYZ launch. The presale, scheduled to end on January 24, will be followed by token claims on January 29 and immediate listings on Decentralized Exchanges (DEX).
You still have the opportunity to buy the LPX tokens at a discounted price of $0.0445 per token.
Time flies when you're having fun, and we're down to just 12 days left in the #LaunchpadXYZ Presale. ⏰
Join us now and secure your spot in the home of Web3! 💫 #Crypto #Presale #Web3 #Alts pic.twitter.com/m7aukOeP9a
— Launchpad.xyz (@launchpadlpx) January 12, 2024
The presale has already secured over $2.5 million in funding, marking a successful initial phase as the project enters the final fundraising period, aiming to reach a funding target of $3 million.
Find The Next 10X Crypto On Launchpad XYZ
The Launchpad XYZ platform has been created to provide all the training you need to become a successful trader.
Further, it empowers you as a Web3 user with experience to find 10X crypto trades and maximise profit potential by providing extensive analysis, insights, sentiment assessments, and data.
The platform also allows you to research newly released NFT mints, gain early access to exclusive presales, and enjoy discounts on products and services Launchpad XYZ offers.
🔎 On-chain analytics involves analysing blockchain data for investment insights.
Look at transaction volumes, active addresses, etc. #Crypto #Web3 #AltSeason pic.twitter.com/m6hFXl8Mb4
— Launchpad.xyz (@launchpadlpx) December 30, 2023
$50 worth of $LPX tokens or more gets you an NFT access card to exclusive VIP trading channels. You can also engage in play-to-earn games to generate passive income.
🌟 On the hunt for the next big #Crypto opportunity? With #LaunchpadXYZ, unearth trades with the potential to 10x.
Dive into a sea of opportunities and find your next big win. 📈#Presale #Blockchain #Web3 #Alts pic.twitter.com/KEgSwizCPK
— Launchpad.xyz (@launchpadlpx) January 12, 2024
Holding a minimum of 10,000 LPX tokens guarantees you reduced trading fees on the Launchpad XYZ DEX. This will enhance the utility and value of LPX tokens.
For insights on Launchpad XYZ, expert analysts like Alessandro De Crypto and Ann B explain the process of buying and using the tokens to access benefits and rewards.
To participate in the LPX presale, visit the official website and connect your digital wallet to swap your ETH, USDT, or BNB for LPX tokens.
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