Sui Price Prediction: SUI Soars 12% As This Next-Generation AI Content Creation Platform Raises Over $100K In Presale

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Sui Price Prediction: SUI Soars 12% As This Next-Generation AI Content Creation Platform Raises Over $100K In Presale
Sui Price Prediction: SUI Soars 12% As This Next-Generation AI Content Creation Platform Raises Over $100K In Presale

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The Sui price soared 12% in the last 24 hours to trade at $2.06 as of 1:39 a.m. EST on trading volume that surged 79% to $2.1 billion.

Sui Price Aims For A Bullish Trend Reversal

The SUI price on a daily chart reflects a market in a prolonged downtrend following a strong bullish rally earlier in the year.

After peaking near the $5.40 zone, the Sui price action has consistently formed lower highs and lower lows, according to GeckoTerminal data. 

The recent rejection at the 50-day Simple Moving Average (SMA) currently at $2.54 reaffirms this bearish structure, as the price of Sui failed to reclaim this key dynamic resistance.

SUI is attempting to stabilize around the $2.06 level after briefly dipping below the 78.6% Fibonacci retracement level ($2.685), suggesting a potential support area forming near the $2.00-$2.06 zone.

Meanwhile, the Relative Strength Index (RSI) stands at 40.40. The RSI has formed a minor bounce from lower levels, hinting at possible short-term relief or consolidation before the next decisive move.

The 50-day SMA slows downward and acts as resistance, highlighting continued downside pressure. The Fibonacci retracement levels show that the price of SUI has lost key supports at the 61.8% ($3.26) and 78.6% ($2.68) levels, confirming the strength of the downward move.

Sui Price Chart Analysis Source: GeckoTerminal
SUI/USDT Chart Analysis Source: GeckoTerminal

SUI Price Prediction

Given the prevailing bearish trend, downward-sloping moving average, and the RSI remaining bearish territory, the near-term outlook remains cautious.

In the short term, the Sui price may trade sideways around $2.00, potentially retesting the $1.95 level if selling pressure intensifies.

However, a potential reversal setup could begin if SUI holds above the psychological support of $2.00 and forms a higher low. In the immediate term, resistance lies near $2.68 (the 78.6% Fib level) and $2.54 (the 50-day SMA).

Meanwhile, investors are piling into a new AI project called SUBBD token (SUBBD).

SUBBD Presale Raises Over $100K In Less Than A Week

AI content creation platform SUBBD has exploded, raising $100,000 in presale funding within its first two days, now pushing it to $111K.

As the first project to fuse AI with content creation, SUBDD is tackling real problems creators face daily. 

Its built-in AI tools let creators focus on what they do best: creating content, while the platform handles time-consuming tasks like research, editing, optimization, and more.

SUBBD offers creators intuitive, organized structures and advanced technology that help them efficiently manage content and subscriber requests, reduce workload, and increase productivity.

Now, with the integration of a decentralized digital asset, creators can also unlock new income streams and greater earning potential without middlemen taking a cut.

SUBBD token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 20% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official SUBBD website to buy SUBBD tokens for $0.0551 each using crypto or a bank card.

Buy before a price hike in about 26 hours to lock in the best presale deal.

Visit the SUBBD Token website.

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