Sui Price Prediction: SUI Crashes 19% As This New AI Content Creation Token Raises Over $100,000 In Presale

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Sui Price Prediction for Today, March 27 – SUI Technical Analysis
Sui Price Prediction for Today, March 27 – SUI Technical Analysis

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The Sui price crashed 19% in the last 24 hours to trade at $1.741 as of 3:00 a.m. EST on trading volume that skyrocketed 200% to $1.28 billion.

The SUI price drop came amid a major price crash that caused Bitcoin’s price to drop by around 10%, hitting the price of $75k for the first time since early November. While BTC did drop to a $70k range earlier this year, in March, it did not go deeper than $78.5k at the time, making this the largest drop in six months.

Sui is just one of the cryptocurrencies that followed, although it did drop further than BTC itself, similar to Ethereum, XRP, and SOL, all of which crashed by 19% in the last 24 hours.

Sui Price Prediction

Prior to the token’s price drop, Sui was sitting just under the resistance at $2.2 after previously dropping below it on April 3. However, over the weekend, its price started descending which led it to its current value.

Its Bollinger Bands were quite narrow due to the lack of major activity as the price traded sideways. However, the bands saw a massive narrowing as the sell-off began, and the price fell, pushing the lower band further up. The price initially stopped its descent once it reached a support level at $2, but this also got broken some nine hours prior to the time of writing, resulting in further widening of the bands.

Sui Price Prediction

SUI/USDT chart analysis (Source: TradingView)

The project’s Relative Strength Index (RSI) was giving off bearish signals even before the crash began, fluctuating between the oversold zone and the neutral value of 50. However, as the selling pressure increased, the RSI ventured deeply into the oversold zone, reaching the value of 10.

After that, some traders moved in to buy the dip, pushing the RSI back up to 50, after which it continued to fluctuate between 30 and 40. At the time of writing, it sits just above 30, indicating that traders are still bearish, but also that some may be waiting for the bearish wave to end, and the right time to buy.

Promising Alternative To Sui

With the SUI price still descending, traders have turned to SUBBD (SUBBD) as a safer investment alternative.

This is a new AI content creation token that just launched its ICO, only to raise $100,000 within hours. As of the time of writing, the project has raised $104.5k, selling its SUBBD token for only $0.0551 apiece, allowing users to invest in it with card or crypto.

The project says that its native crypto will be used for powering the next generation of content creators. Powered by AI, the SUBBD platform revolutionizes creator-fan relationships. Essentially, it gives both creators and fans the Web3 tools that allow them to connect directly, share exclusive content, and unlock new forms of engagement. Meanwhile, its native token provides incentives and lowers trading fees.

The project estimates that it already has over 2,000 top content creators on board, with a combined following of over 250 million fans. Meanwhile, simply holding its token offers benefits like access to exclusive content, VIP staking benefits, discounts within the platform, early beta access, loyalty, and rewards such as extra XP, bonuses, exclusive perks, and more.

It was created to solve two specific problems — fans feeling disconnected from their favorite creators, and creators spending too much time on management. SUBBD intends to bring them closer together and use AI to help creators with their management problems.

Buy SUBBD before its price blows up.

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