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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.
📣 This just in! Rewards from the Sui Bridge incentive program are available and ready to claim. If you've participated in the incentive program, visit https://t.co/aD0sfh2mqp and claim rewards if eligible.
Since the Sui Bridge incentive program kicked off in June, over 184k… pic.twitter.com/E3ae1TMji4
— Sui (@SuiNetwork) August 15, 2024
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 Towards 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-day 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-day 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 up towards a bullish rally. If investors capitalize on the RSI to start buying at the current price, SUI could soar, as the bulls target $1.10.
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-day 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 – Next Meme Coin To Explode?
You want to stake DOGE, SHIB, FLOKI in the easiest way possible? All in one platform? Crypto All-Stars, a new crypto initiative makes this happen. This project has launched a platform that seeks to bring together diverse meme coins.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Through its unique MemeVault protocol, users can stake their preferred meme tokens on this platform and earn rewards in STARS, 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.
You can also buy and stake $STARS for an annual percentage yield (APY) of 3534%.
You can buy $STARS tokens for $0.0013855 each. 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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