Sui Price Prediction: SUI Drops 3% As Traders Shift Focus To This New Meme Coin With 100X Potential

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Sui Price
Sui Price

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The Sui price dropped 3% in the last 24 hours to trade at $0.8658 as of 03:39 a.m. EST on trading volume that plunged 10% to $337 million.

This comes as the Sui Bridge mainnet launch nears. The Sui Bridge incentive program is already rolling out rewards to participants through its official Testnet site.

During the program, the Sui team has mainly concentrated on five crucial areas: functionality, stress, security, and governance.

With the Sui Bridge showing its resilience and robustness, it is now coming closer to its mainnet launch.

Sui Price Could Rebound Into A Bullish Rally

The Sui price analysis on the 4-chart, according to data from GeckoTerminal, has been on a downtrend from the $1.1 resistance to the $0.82 support zone within a falling channel pattern.

SUI trades well above the 200 Simple Moving Average (SMA), which shows that the price could still be on an upward trend. If the trend starts at this point, the price of Sui could surpass the 50 SMA at $0.888

Moreover, the Relative Strength Index (RSI) seems to be rebounding from below the neutral point as it hurtles towards the midline level, currently at 44, which indicates that buying pressure is building up.  

The Sui price analysis shows a bullish bias, with technical indicators showing that the price of Sui is gearing for a potential rally. If investors capitalize on the RSI and start buying at the current price, SUI could soar to as high as $1.10.

Sui Price Chart Analysis Source: GeckoTerminal.com
Sui Price Chart Analysis Source: GeckoTerminal.com

However, if the bears take control of the price at this level, SUI could drop back to the immediate support level at $0.78 (200 SMA).

Meanwhile, a new meme coin is turning heads. Crypto All-Stars ($STARS) promises massive gains for its investors as it garners over $451K in its ongoing presale.

According to Jacob Bury, a prominent crypto YouTuber, $STARS has the potential to soar 10X after its launch.

The Crypto All-Stars Presale Amasses Over $451K

Do you want to stake DOGE, SHIB, or FLOKI in the easiest way possible? All in one platform? Crypto All-Stars, a new crypto initiative makes this possible. This project has launched a platform that seeks to bring together diverse meme coins.

Through its unique MemeVault protocol, users can stake their preferred meme tokens on this platform and earn rewards in $STARS, which is the platform’s native token.

The VIP list of meme coins on Crypto All-Stars includes Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin. More meme coins will be added in coming months.

You can also buy and stake $STARS for an annual percentage yield (APY) of 3,534%.

The crypto is selling for $0.0013855. However, with a price increase coming in about one day, you should act fast to get the meme coin at the best possible price.

Purchase $STARS from its official website here using BNB, USDT, or a bank card.

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