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The Sui price surged 9.6% in the last 24 hours to trade at $1.51 as of 10:28 p.m. EST on trading volume that skyrocketed 34% to $928 million.
SUI also soared 46% in the past week, a jump that made it the biggest gainer among major cryptos by market capitalization, according to Crypto Bubbles.
Sui Price On A Sustained Bullish Rally
The SUI/USDT price analysis on the 4-hour chart shows that in August and early September, the Sui price bulls struggled to push the price above the $1.06 resistance.
The $0.77 support allowed the price of Sui to form a double bottom pattern. In the last rounding bottom pattern, the bulls have used the support level to push the Sui price towards a sustained bullish rally.
SUI price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate support levels at $1.179 and $0.095, respectively. The token trading above both the SMAs is also a confirmation of the bullish rally.
Furthermore, the Relative Strength Index (RSI) also climbs towards the 70-overbought region, currently at 68, showing that the SUI is currently under intense buying pressure.
The bullish run is also supported by the Moving Average Convergence Divergence (MACD) crossing above the neutral line.
SUIUSDT Chart Analysis (Source: Tradingview)
Sui Price Prediction
According to the Sui price analysis, SUI is currently on a bullish run that the bulls aim to sustain. The RSI and MACD further support the positive trajectory as investors continue piling into the token.
If the current momentum continues, SUI could soar even further, as the bulls currently target $1.84.
In an inverse scenario, if the bears gain control of the price here, SUI could plunge to the $0.95 support level, coinciding with the 200-day SMA.
Meanwhile, investors are rushing to buy the new meme coin Crypto All-Stars (STARS) after it amassed over $1.46 million in its presale.
ClayBro, a prominent crypto analyst and YouTuber with over 130K subscribers, calls $STARS a ”major opportunity” and says it has the potential to soar 10X after its launch.
Crypto All-Stars Raises Over $1.46 Million In Presale
Crypto All-Stars has eclipsed the $1.46 million mark as it continues to gain traction in the crypto space.
The innovative new project offers investors a new utility: passive income generation via the unified staking of leading meme coins.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars introduces an industry-first capability by allowing top meme coins to be staked together, enabling their holders to earn a singular reward – the native $STARS token, through the MemeVault protocol.
This protocol allows investors to stake their meme coin holdings together. Whether it’s Dogecoin ($DOGE), Brett ($BRETT), or PepeCoin ($PEPECOIN), all can be staked in the MemeVault for a singular reward in the project’s native token, $STARS.
Shiba Inu, Floki, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk can also be staked on STARS and more meme coins will be added in the coming months.
You can also earn passively by staking STARS itself for a massive 1,016% annual percentage yield (APY).
You can buy the token now for $0.0014535. The price will increase in about 1 day, so act fast to lock in the best deal.
You can purchase $STARS from its official website here using BNB, USDT, SHIB, FLOKI, PEPE, DOGE, or a bank card.
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