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The Sui price pumped 29% in the last 24 hours to trade at $2.92 as of 4:30 a.m. EST on trading volume that skyrocketed 177% to $2.5 billion.
This comes amid improving investor sentiment towards digital assets after US President Donald Trump said he would not fire Fed Chair Jerome Powell and softened his stance on China trade tariffs.
Here it is…😏
Trump says a “very good deal” with
China is coming, and word is, Xi is reconsidering his leverage.Tariffs are biting.
Supply chains are shifting.
And for once, Beijing’s not calling the shots.America’s is back!🇺🇸
pic.twitter.com/LN2ALVKE4M— Desiree (@DesireeAmerica4) April 17, 2025
Sui Price On A Sustained Bullish Trend Reversal
The SUI price has broken out sharply from a falling wedge pattern, which is typically a bullish reversal formation.
This breakout was backed by strong bullish momentum and has now propelled the Sui price above the 0.786 Fibonacci retracement level ($2.6830), reaching around $2.92, as GeckoTerminal data shows.
The price of SUI has also decisively flipped the 50-day and 200-day Simple Moving Averages (SMAs), signaling a strong trend reversal from the previous downtrend.
Meanwhile, the Relative Strength Index (RSI) is at 68.27, approaching overbought territory, which indicates strength but also warrants some caution for potential pullbacks.
The Moving Average Convergence Divergence (MACD) is clearly bullish. The blue MACD line is crossing above the orange signal, and the histogram bars are expanding positively, confirming upward momentum.
SUI Price Prediction
With the breakout confirmed and indicators aligning bullishly, SUI could next test the 0.618 Fibonacci level around $3.25.
If momentum continues, higher levels like $3.65 (0.5 Fib) and $4.05 (0.382 Fib) may become reachable in the mid-term.
On the flipside, a bearish stance could push the Sui price down to test the $2.68 support (0.786 Fib) or further down to the breakout level around the $2.20 level.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Nears $5 Million
BTC Bull Token combines the viral energy of meme coins with the growing optimism around Bitcoin’s potential trajectory.
It stands out as the only meme coin with a rewards system tied to Bitcoin’s price milestones. It unlocks actual Bitcoin for holders when BTC surpasses new highs.
The airdrops are initiated at the $150,000 milestone and repeat with each $50,000 increment in the BTC price thereafter.
The idea resonates with investors, who have pumped over $4.92 million into the project’s presale.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
A huge BTCBULL token airdrop will also await the strongest holders when BTC hits $250,000, weighted by the Community Sale purchase amount.
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000, and repeat for every $25k increase in the BTC price after that. By reducing supply, these burns will put upward pressure on the BTCBULL price.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 83% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002475 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 23 hours to lock in the best rate.
Visit the BTC Bull Token website.
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