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The Sui price surged 7% in the last 24 hours to trade at $2.14 as of 00:22 a.m. EST on trading volume that plunged 38% to $1.1 billion.
Sui Price On Aims To Sustain Its Bullish Stance
According to the SUI/USD analysis on the 4-hour timeframe, the chart shows a bullish trend. The price is moving within an upward channel (marked by the two parallel white lines), making higher highs and higher lows, which is characteristic of an uptrend.
According to GeckoTerminal data, the bulls aim to overcome the $2.4 resistance. The price of SUI now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the recent bullish stance.
The Relative Strength Index (RSI) is currently at 53.31, indicating a neutral position, as it is neither in overbought territory (above 70) nor oversold territory (below 30). This midpoint suggests the market has room to move in either direction without being overextended.
However, the RSI is trending upwards, which may indicate that the asset is gaining positive momentum. If this upward trajectory continues, the SUI price could climb higher as bulls aim to push it toward the next resistance level at $2.60.
Conversely, a breakdown below the 50-day SMA and the lower trendline could see the price test the 200-MA near $1.70, which would mark a deeper correction.
As the Sui price aims for a continued rally, investors are rushing to buy a new Pepe alternative called Pepe Unchained (PEPU), which is one of the most successful presales of the year.
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 100X after launch.
Pepe Unchained Surges Past $20 Million
Pepe Unchained has soared past $20.1 million in funds raised in its presale as investors flock to buy the idea of an upgraded PEPE coin operating on its own Layer 2 blockchain.
The story behind PEPU is that this newcomer aims to liberate the OG Pepe from the limitations of his old, cumbersome Layer 1 server on Ethereum.
PEPU offers faster and more cost-effective transactions for Pepe ownership, positioning itself as a strong contender against PEPE, the third-largest meme coin with a market capitalization of $4.2 billion.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 110%.
You can buy $PEPU tokens for $0.0103 each.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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