{"id":430930,"date":"2023-08-18T10:53:22","date_gmt":"2023-08-18T10:53:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=430930"},"modified":"2023-08-18T10:53:44","modified_gmt":"2023-08-18T10:53:44","slug":"sui-price-prediction-sui-dips-10-is-this-a-buying-opportunity","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sui-price-prediction-sui-dips-10-is-this-a-buying-opportunity","title":{"rendered":"Sui Price Prediction: SUI Dips 10% \u2013 Is This a Buying Opportunity?"},"content":{"rendered":"<p>Web 3 token SUI has dropped by 10% in the last 24 hours, resulting from a steep decline at 5:35 pm EST. This crypto now sits around the $0.47 mark.<\/p>\n\n\n\n<p>Is this a buying opportunity, or is another downturn on the way?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sui-goes-through-a-monthly-decline-of-34\">SUI goes through a monthly decline of 34%<\/h2>\n\n\n\n<p>SUI&rsquo;s current drop continues the bearish turn of events it has been dealing with since the last month. Since July 20, the token has gone on a period of consolidation followed by steep drops.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1309\" height=\"659\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-price-drop.png\" alt=\"SUI price drop\" class=\"wp-image-430931\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-price-drop.png 1309w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-price-drop-300x151.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-price-drop-1024x516.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-price-drop-768x387.png 768w\" sizes=\"(max-width: 1309px) 100vw, 1309px\"><\/figure><\/div>\n\n\n<p>The current 24-hour drop, however, is the biggest one yet. <a href=\"https:\/\/coinmarketcap.com\/currencies\/sui\/\">Coinmarketcap<\/a> shows that at 4:19 am EST, SUI was valued at $0.47. The recent 10% drop is accompanied by a 10% decline in the token&rsquo;s market capitalization and a 48% increase in the trading volume.<\/p>\n\n\n\n<p>The uptick in the trading volume indicates a selling frenzy. What happened to this crypto that people lost faith in it?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-behind-sui-s-downtrend\">What is Behind SUI&rsquo;s Downtrend?<\/h2>\n\n\n\n<p>SUI has not been making many waves on social media. One of its latest tweets is about it explaining the Deep book.<\/p>\n\n\n\n<p>Deep book is Sui&rsquo;s native central limit order book, which, according to devs, allows for lower gas fees even when an asset&rsquo;s volume is increasing. This tool lets investors take more help to the market.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">DeepBook, Sui's native Central Limit Order Book, takes advantage of low gas fees even as trading volume increases, letting users take more of their assets to market.<br><br>Read more about DeepBook's economics:<a href=\"https:\/\/t.co\/L0WDW6oSvo\">https:\/\/t.co\/L0WDW6oSvo<\/a><\/p>&mdash; Sui (@SuiNetwork) <a href=\"https:\/\/twitter.com\/SuiNetwork\/status\/1692280184798601248?ref_src=twsrc%5Etfw\">August 17, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>But this tweet has had only a minor engagement partly because of the network&rsquo;s complexities not allowing newcomers to interact with this ecosystem.<\/p>\n\n\n\n<p>The same thing happened with the <a href=\"https:\/\/blog.sui.io\/2023-singapore-builder-house-preview\/\">announcement<\/a> of SUI Builder House. This SUI-based metaverse offers educational content to users in various formats. According to SUI, the SUI Builder House is supposed to increase the token&rsquo;s adoption rate.<\/p>\n\n\n\n<p>None of these have made any impact in gravitating people towards this <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-web3-crypto-projects\">Web 3 toke<\/a>n. However, upon taking a deep dive, we found SUI&rsquo;s new Head of Strategy is Sina Nadar, formerly a part of FTX US. Likely, the wrong impression that FTX&rsquo;s downfall has left in its wake could be repelling investors from SUI.<\/p>\n\n\n\n<p>Another apparent reason for the current drop is Bitcoin&rsquo;s upset. BTC has dropped below its $29k support and is now resting above the $26k level, bringing it to its two-month lows. SUI is one of many assets that have fallen due to this blood bath.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sui-price-analysis-buying-opportunity\">SUI Price Analysis &ndash; Buying Opportunity?<\/h2>\n\n\n\n<p>SUI&rsquo;s daily chart shows consecutive reds for the last three days; another red candle has been forming even today. It indicates that SUI may still find its bottom.<\/p>\n\n\n\n<p>SUI has been trading below its 20-day MA since July, which is still acting as its resistance. And as the length of the red candles grows, the distance between this moving average and SUI&rsquo;s price trendline gets wider.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1675\" height=\"1160\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart.png\" alt=\"SUI Daily Price Chart\" class=\"wp-image-430936\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart.png 1675w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart-300x208.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart-1024x709.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart-768x532.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/SUI-Daily-Price-Chart-1536x1064.png 1536w\" sizes=\"(max-width: 1675px) 100vw, 1675px\"><\/figure><\/div>\n\n\n<p>However, the token&rsquo;s current RSI is 18, far below the oversold zone, which indicates that a critical point has been reached and a rebound is on the way. If it does, SUI may try to reclaim the $0.6 mark. But if the downtrend persists, this prediction will be invalidated.<\/p>\n\n\n\n<p>Overall, the token is currently in the undervalued zone and has hit a critical point, which may cause this token to bounce. However, how much value it can reclaim will depend on market conditions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sui-alternative-wall-street-memes\">SUI Alternative &ndash; Wall Street Memes<\/h2>\n\n\n\n<p>While the critical RSI makes SUI seem like a good buy, there is uncertainty about how much value it can attain after rebounds. That makes it suitable to invest in crypto presales that can offer guaranteed gains.<\/p>\n\n\n\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\">Wall Street Memes<\/a> is a meme coin that has made waves since it opened its presale back in June 2023. The project&rsquo;s ode to the Reddit group Wall Street Bets, combined with its immense following on social media, has made it one of the best meme coins to follow.<\/p>\n\n\n\n<p>With over 260k followers on Twitter, Wall Street Memes has even enticed Elon Musk &ndash; the Dogefather &ndash; with its tweets. That is one of the reasons it has raised over $25 million to date and is fast heading toward the conclusion of its presale.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1866\" height=\"1305\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million.png\" alt=\"Wall Street Memes raising $25 million\" class=\"wp-image-430937\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million.png 1866w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million-300x210.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million-1024x716.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million-768x537.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Wall-Street-Memes-raising-25-million-1536x1074.png 1536w\" sizes=\"(max-width: 1866px) 100vw, 1866px\"><\/figure><\/div>\n\n\n<p>Wall Street Memes&rsquo; popularity on social media and the pace of the current presale makes it a good buy for early movers looking to make early bird gains when the token gets listed on centralized and decentralized exchanges.<\/p>\n\n\n\n<p>The token&rsquo;s presale will end in the next six weeks, after which it will go live on multiple tier-1 exchanges.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Wall Street Memes Crypto Presale SIX WEEKS TO GO - Best Crypto to Buy Now?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/jdjW-cpdeuA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Those interested can visit <a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetmemes\" rel=\"nofollow\">wallstmemes.com<\/a> to invest in this project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-related\">Related<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-wall-street-memes\">How to Buy Wall Street Memes?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-presales\">Best Crypto Presales<\/a><\/li>\n<\/ol>\n\n\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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This crypto now <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1854,"featured_media":430938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-430930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sui Price Prediction: SUI Dips 10% \u2013 Is This a Buying Opportunity?<\/title>\n<meta name=\"description\" content=\"Web 3 token SUI has dropped by 10% in the last 24 hours, resulting from a steep decline at 5:35 pm EST. This crypto now sits around the $0.47 mark. Is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sui Price Prediction: SUI Dips 10% \u2013 Is This a Buying Opportunity?\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-18T10:53:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-18T10:53:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Sui-Price-Prediction.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1660\" \/>\n\t<meta property=\"og:image:height\" content=\"995\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eric Dunne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eric Dunne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/\"},\"author\":{\"name\":\"Eric Dunne\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/d70e892149ca0d09c930fce1ce8a719e\"},\"headline\":\"Sui Price Prediction: SUI Dips 10% \u2013 Is This a Buying Opportunity?\",\"datePublished\":\"2023-08-18T10:53:22+00:00\",\"dateModified\":\"2023-08-18T10:53:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/\"},\"wordCount\":767,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Sui-Price-Prediction.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/\",\"name\":\"Sui Price Prediction: SUI Dips 10% \u2013 Is This a Buying Opportunity?\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/430930\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Sui-Price-Prediction.png\",\"datePublished\":\"2023-08-18T10:53:22+00:00\",\"dateModified\":\"2023-08-18T10:53:44+00:00\",\"description\":\"Web 3 token SUI has dropped by 10% in the last 24 hours, resulting from a steep decline at 5:35 pm EST. 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