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The Sui price surged 2% in the last 24 hours to trade at $0.9081 as of 03:33 a.m. EST on trading volume that climbed 25% to $468 million.
SUI has been on a tear in the last week, soaring 75% throughout the past 7 days, after Grayscale announced on Wednesday the launch of two new crypto investment funds for Bittensor (TAO) and Sui (SUI) tokens.
Sui Price To Continue Soaring
The Sui Price has been on a sustained surge in the last week, soaring through a markup phase to the $0.9371 resistance zone, data from GeckoTerminal shows.
SUI has since been fluctuating within this range, forming a bullish flag pattern as the bulls aim to sustain the bullish rally over the upper boundary.
The price of Sui now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the token is on an uptrend.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 64, a sign of growing interest from investors.
If the buying continues, the price of Sui could eventually soar over the bullish flag, as the bulls target prices above $1.05.
In an inverse scenario, the bears could capitalize on the price now being overvalued, which could present a sell signal. This could drive the price of SUI to the immediate support level at $0.7622, which coincides with the 200-day SMA.
As the SUI price soars, investors are rushing to buy the new PEPE alternative, Pepe Unchained (PEPU), as it raises over $8.2 million through its ongoing presale.
Pepe Unchained Presale Blasts Past $8.2 Million, Shows No Signs Of Slowing Down
Pepe Unchained aims to follow in the footsteps of PEPE, which continues to rule the charts.
However, PEPE is built on the Ethereum blockchain, which is mostly handicapped by network delays and rising gas fees.
Pepe Unchained (PEPU) stands out from other meme coins by introducing its native layer-2 chain on top of the Ethereum network. This move not only liberates them meme coin from Ethereum’s limitations, but also brings unprecedented speed, scalability, and significantly lower fees.
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
Hence, investors are now drawn to $PEPU for two main reasons: it’s the first layer-2 meme coin on Ethereum, and the fact that this layer-2 will make owning PEPE cheaper and faster.
Token holders can also earn passively through the platform’s staking program, which offers an annual percentage yield (APY) of 235%.
99Bitcoins, a prominent crypto channel on YouTube, has reviewed the token and says $PEPU is one of the best cryptos to buy now. It adds that it could potentially soar to 100X after its launch.
You can buy $PEPU tokens for $0.0090178 each. With a price hike coming in less than a day, buy soon to lock in the best deal.
Purchase $PEPU from the official website here using ETH, USDT, or a bank card.
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