Search Inside Bitcoins

SUI Price prediction – Where is the next support?

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Sui
Sui

Join Our Telegram channel to stay up to date on breaking news coverage

The price of Sui (SUI) has increased by 3.6% in the last 24 hours as of 11 am EST after declining by 1.6% in the last 30 days. With the price at $0.739 today, where could the next support level be?

Sui’s Past and Present Price Actions

For a better understanding of SUI’s performance since it joined the cryptocurrency market, glance through its past and current price actions and the price analysis from crypto experts. 

In the last 7 days, SUI gained 14.8%. Its 24-hour trading volume is up by 243.17%, recording over $461 million as of 11:13 am EST.

SUI is Projecting a Potential Overbought Market

Sui
Source: Tradingview.com

According to the chart above, Sui (SUI) is signaling an overbought market in the short term. The asset’s price trades above the upper Bollinger Band (BB: Upper). This shows that the coin may continue to grow with traders holding on to the bullish sentiment.

SUI’s Moving Average Convergence Divergence (MACD) indicator and bold green histogram bars are above the signal line. This shows that SUI has been bullish, and the bulls’ momentum has not been compromised.

The chart above shows a green candle stick forming across the BB: Upper, depicting increased BUY trades. Furthermore, SUI’s Relative Strength Index (RSI) is at 56.70, pointing up toward the overbought zone (above 70). 

This corresponds with the signal on the Bollinger Band indicator and the growing green candle.

Sui’s Support and Resistance

Sui
Source: Tradingview.com

Considering the price movement of Sui in the chart, the coin’s market is bullish and on an intermediate trend. With the bulls upholding a high buying pressure, SUI could reach the $0.75 level before today ends.

This positive market sentiment could drive more BUY traders for SUI, potentially pushing the coin to the $0.9423 resistance. If it successfully breaks above this level, $1 and $1.19 could be the next price target.

However, if any slight movement of the bear occurs during the day, fear could creep in, and the coin might fluctuate toward the $0.6 level or decline further to its support at $0.4729.

Experts’ Predictions for Sui in the Long Term

Based on fundamental and technical indicators, several experts have shared their opinion on the price outlook of Sui (SUI).

According to CoinCodex, Sui is expected to trade between the $0.642158 and $1.280013 levels, increasing by 71.29% by the end of 2023.

In 2025, Sui’s price prediction is $1.148906 (minimum) and $3.64 (maximum). This shows that the coin is expected to grow by 386.57% by the end of 2025. Furthermore, CoinCodex predicts the price of SUI to increase by 352.55%, reaching $3.39 (maximum price) before the end of 2030.

Additionally, BitNation forecasts the minimum, maximum, and average price of SUI by the end of 2023 to be around $0.893267, $1.34, and $1.12, respectively.

In 2025, the coin’s maximum, minimum, and average price is expected to reach $2.83, $2.38, and $2.61, respectively. In the next 5 years, SUI is forecasted by BitNation to be around $6.10 (minimum), $6.33 (average), and $6.55 (maximum).

Cryptocurrency markets are highly volatile and can deviate from predicted price actions. Therefore, adequate risk management approaches and technical analysis must be in place before trading.

Factors That Could Influence Sui

The Sui 8192 web3 game fuels blockchain activities while SUI maintains its rally.

The Sui blockchain platform is experiencing significant growth and engagement, mainly driven by the popularity of its new Web3 game, Sui 8192. 

The game has resulted in a surge of transactions on the Sui blockchain, with 258 million transactions during the last 24 hours. Sui 8192, built by Ethos, allows players to earn points by matching related tiles on a grid. 

The game finishes once they reach 8192 points, and an NFT is imprinted on the blockchain, showcasing their achievement. This gamified experience is introducing more individuals to the realm of NFTs and blockchain in a user-friendly manner.

Apart from Sui 8192, the Sui blockchain also hosts various noteworthy games like Orange Comet, Cosmocadia, and Abyss World, further enriching the gaming universe on the platform.

As a result of this surge in blockchain activity and the increasing popularity of its gaming ecosystem, the native token of the Sui blockchain, SUI, has experienced a bullish run. 

Over a week, SUI’s value has risen by 10.5%, from $0.63 to a high of $0.72. Additionally, the trading volume of SUI has nearly doubled in the past week, reaching $76 million in just 24 hours. Consequently, the market capitalization of SUI has also seen growth, rising from $426 million to over $484 million today, July 18, 2023.

The combination of the thriving blockchain platform, fueled by engaging Web3 games like Sui 8192, and the increasing popularity of SUI tokens contributes to the positive sentiment and the potential for sustained growth in the future. 

This may strengthen the bullish sentiment in the asset market, attracting more blockchain users and potentially boosting the price of SUI as demand for the token increases.

While SUI is projecting high price growth in the long run, investors seeking to diversify their crypto investment portfolio may want to consider the new promising coin, Mr. Hankey.

Mr. Hankey Might Be the Next 100x Meme Crypto

The new meme coin, Mr. Hankey Token ($HANKEY), is moving the idea of “shitcoin” to a whole new level.

The Mr. Hankey Token (HANKEY) features a turd as its mascot and incorporates a lot of hilarious poop-themed comedy. It pays homage to the beloved Christmas character, Mr. Hankey, from the popular show South Park.

The project team aims to approach the crypto space with a sense of fun, projecting the success of its project even though it has a crappy identity. 

The token is built on the Ethereum blockchain with a total supply of 1 billion units of HANKEY. The token has gained attention for its viral potential in the meme coin space.

Despite having a modest hard cap, the project has already been highlighted on well-known trackers like DEX Screener and CoinGecko. Before launch, the community is also being actively built, which is essential for any cryptocurrency project to succeed.

Mr. Hankey Features

  • Liquidity

No matter how appealing a meme currency may seem, it will be difficult to capitalize on its potential without a lot of liquidity because buying and selling will be inefficient, leading to significant price slippage. 

  • Team commitment

The fact that the team is dedicated to delivering a token trading environment with streamlined market liquidity will attract potential buyers. This indicates that Mr. Hankey Coin will debut on decentralized exchanges (DEXs) with more than adequate liquidity to fill all market orders.

  • Unique concept

This turd-themed token offers lighthearted, poop-themed comedy and aims to give “dirty money” a new meaning.

$HANKEY Presale

The Mr. Hankey Token (HANKEY) had a limited presale that sold out quickly, setting new records in the cryptocurrency market.

The project’s hard cap remained at $500,000, and in some hours, the presale sold out its entire tokens. The presale was launched on July 13, consisting of a total supply of 40% of 1 billion (400 million HANKEY tokens).

The Mr. Hankey token (HANKEY) is already trading on some exchanges. HANKEY is down by 17% in the last 24 hours as of 1:23 pm EST. Its 24-hour trading volume has plunged to $305K today.

Data from CoinGecko shows that HANKEY has a 24-hour high and low at $0.00200727 and $0.00092638, respectively. Also, it is currently trading at $0.00096687. $HANKEY recorded an all-time high of $0.00200727 on July 17, 2023.

The market value could surge significantly as the token lists on more exchanges attract more traders and investors.

Significant influencers and alpha investing organizations have taken note of $HANKEY, which has been forecast to have at least “10x potential.” In addition, each token’s starting price of $0.00125 makes it a reasonable investment option for people interested in meme currencies.

How to purchase Mr. Hankey

The Mr. Hankey token (HANKEY) is now available on decentralized exchanges. 

The most popular marketplace for purchasing and trading Mr. Hankey is Uniswap V2 (Ethereum), where the most active trading pair HANKEY/WETH, has a $366,680 24-hour trading volume.

To monitor your token holdings and trade on decentralized exchanges, you should 

  • Add Mr. Hankey (HANKEY) to MetaMask. 

You must import HANKEY as a token to add them. You can manually import HANKEY by copying its contract address. Also, if you have MetaMask’s Chrome plugin installed, you can add HANKEY to MetaMask by simply clicking on CoinGecko.

To trade Mr. Hankey (HANKEY) on Uniswap, you can follow these steps: 

  1. Visit the Uniswap website and connect your wallet to the platform. 
  2. Once connected, select the HANKEY token from the list of available tokens. 
  3. If you don’t see the HANKEY token listed, you can add it by clicking the “Import” button and entering the token address. 
  4. After selecting HANKEY, enter the cryptocurrency you want to trade for HANKEY. 
  5. Review the transaction details and confirm the trade if everything looks correct. 

Related Articles:

Smog (SMOG) - Meme Coin With Rewards

Rating

Smog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards - 42% APY
  • 10% OTC Discount - smogtoken.com
Smog token

Join Our Telegram channel to stay up to date on breaking news coverage

Read next