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The Sui price soared 13% in the last 24 hours to trade at $1.71 as of 3.10 a.m. EST on trading volume that skyrocketed 68% to $1.03 billion.
The project has seen a number of positive developments lately, one of the largest of which was the September 17 announcement of Circle’s USDC stablecoin coming to Sui.
🚨 BREAKING: @Circle’s native $USDC is coming soon to Sui 🎉
Additionally, Cross-Chain Transfer Protocol (#CCTP) will be launching on Sui, enabling developers to be able to build cross-chain flows from other chains (like @Solana, @Ethereum, and more).
💥This is huge for the Sui… https://t.co/klxqurAt3U pic.twitter.com/iamcolqqfK
— Sui (@SuiNetwork) September 17, 2024
In addition to that, a crypto strategist known on X as Bluntz recently said that SUI’s major rally in the past week suggests that the so-called ”Solana killer” should soon reach a new all-time high.
$sui weekly absolutely insane, at this rate itll hit ath before #btc https://t.co/9MvLmpFlbz pic.twitter.com/kwbnd7iGG6
— Bluntz (@Bluntz_Capital) September 23, 2024
The analyst voiced his opinion that SUI will become the next SOL.
Monitoring the token’s performance last week, he also said that the coin is in a technical uptrend, pointing out that SUI has been printing higher highs and higher lows on its daily chart. His prediction regarding the project is that “It’s gonna surprise a few people in the next weeks-months.”
$sui back in an technical htf uptrend again, higher lows and higher highs+ key level taken out already.
its gonna surprise a few ppl in the next weeks-months imo. pic.twitter.com/B7d0LyKfyu
— Bluntz (@Bluntz_Capital) September 17, 2024
Sui Price Prediction
The SUI price has been climbing throughout the past week, but the resistance at $1.80 interrupted its increase shortly after the project finally breached the barrier at $1.60. For the moment, the $1.80 resistance is still holding the token back, even rejecting its price to the mentioned $1.71.
However, some technical indicators suggest that SUI might retest the barrier in the coming hours. The project’s Bollinger bands, which sharply narrowed over the past few hours, have once again started widening and putting some distance between them. This is a positive, bullish sign, even though it started with the price pushing the lower band further down.
Since then, however, the price has started seeing a recovery after bouncing off of the support at $1.70. If the surge continues, the SUI price will likely reach the upper band before long, and retest the resistance at $1.80.
Another indicator that suggests that this is the likely course of action is the project’s Relative Strength Index (RSI) value, which sank from the overbought zone to the lower end of the neutral area, hitting its bottom at the value of 40.
While the RSI did not venture into the oversold zone, many have seemingly rushed in to buy the dip early, which suggests that traders are highly bullish on the project, and they did not want to miss the chance to buy SUI while its price was low. The influx of new buyers started pushing the RSI value back up to the true neutral area of 50, which is where it sits at the time of writing.
If the market doesn’t see a strong, unexpected twist, it is likely that SUI will continue to see its price grow as the new bullish wave pushes its value up.
Promising Alternative To Sui
But with the Sui price approaching its ATH, some investors are concluding it’s time to look at new projects that might have more upside potential.
One such project is Mega Dice (DICE), which has only four days left in its presale after raising $1.88 million.
$DICE Launch on Raydium 🚀
We’re excited to share that $DICE will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉
Get ready for the next big step in #GameFi on #Solana as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com/qvAND54tbk
— Mega Dice Casino (@megadice) September 20, 2024
Mega Dice already has a massive community of 50,000 registered users and over 10,000 active users who bet $50 million every month.
On top of that, holding the DICE token comes with some worthwhile benefits, like receiving daily rewards based on the casino’s performance, accessing limited-edition NFTs, and even getting an early bird bonus by joining its ICO.
The project intends to become the #1 GameFi token on Solana, and YouTuber TodayTrader, who has over 11.9k subscribers, says the token will be an ”easy 100X” after launch.
DICE sells for $0.116056 and can be bought with SOL, ETH, or BNB.
Visit the official DICE website here.
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