{"id":563639,"date":"2024-08-12T11:34:30","date_gmt":"2024-08-12T11:34:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563639"},"modified":"2024-08-12T12:14:27","modified_gmt":"2024-08-12T12:14:27","slug":"sui-price-prediction-sui-surges-75-in-a-week-as-investors-rush-to-buy-another-token-that-promises-exponential-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sui-price-prediction-sui-surges-75-in-a-week-as-investors-rush-to-buy-another-token-that-promises-exponential-gains","title":{"rendered":"Sui Price Prediction: SUI Surges 75% In A Week As Investors Rush To Buy This 2.0 PEPE For Exponential Gains"},"content":{"rendered":"

The Sui price surged 2% in the last 24 hours <\/span>to trade at $0.9081<\/span><\/a> as of 03:33 a.m. EST on trading volume that climbed 25% to $468 million.<\/span><\/p>\n

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<\/a> (TAO) and Sui (SUI) tokens.<\/span><\/p>\n

Sui Price To Continue Soaring<\/h2>\n

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 <\/span>GeckoTerminal<\/span><\/a> shows.<\/span><\/p>\n

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.<\/span><\/p>\n

The price of Sui<\/a> now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the token is on an uptrend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) trades above the 50-midline level, currently at 64, a sign of growing interest from investors.<\/span><\/p>\n

If the buying continues, the price of Sui could eventually soar over the bullish flag, as the bulls target prices above $1.05.<\/span><\/p>\n

\"SUI
SUI Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

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.<\/span><\/p>\n

As the SUI price soars, investors are rushing to buy the new PEPE alternative, <\/span>Pepe Unchained (PEPU)<\/span><\/a>, as it raises over $8.2 million through its ongoing presale.<\/span><\/p>\n

Pepe Unchained Presale Blasts Past $8.2 Million, Shows No Signs Of Slowing Down<\/h2>\n

Pepe Unchained aims to follow in the footsteps of PEPE, which continues to rule the charts. <\/span><\/p>\n

However, PEPE is built on the Ethereum blockchain, which is mostly handicapped by network delays and rising gas fees.<\/span><\/p>\n

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.<\/span><\/p>\n

\n

Who needs some Brain Powder?<\/p>\n

Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com\/kZC72UmxFy<\/a><\/p>\n

— Pepe Unchained (@pepe_unchained) June 20, 2024<\/a><\/p><\/blockquote>\n