Release: 2024/10/30 16:04 Reading: 849
Sui Price Poised for Sustained Bull Run
Within the past 24 hours, the price of Sui surged 10% to reach $2.08 as of 12:31 AM EST, accompanied by a 36% increase in trading volume to $1.7 billion.
Technical Analysis Indicates Bullish Trend
As per data from GeckoTerminal, Sui's price movements since March have formed a cup-and-handle pattern, with strong support around the $0.63 level. The price has since crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), reinforcing the bullish momentum.
On the 4-hour chart, the Relative Strength Index (RSI) has rebounded and currently trades above the 50-midline, suggesting potential bullish pressure.
If Sui's bulls utilize the cup-and-handle pattern and SMAs, the price could continue its upward trajectory. Notably, the 50-SMA has crossed above the 200-SMA, forming a golden cross around $1.12. In this scenario, Sui's price could potentially reach $3.70. src="/uploads/20241030/17302788046721f5947a4b9.png">
However, if the bears gain control at the current price point, Sui could potentially drop back to the 200-SMA at $1.13.
Pepe Unchained Presale Exceeds $23 Million
In related news, investors are keen on the new meme coin Pepe Unchained ($PEPU), which aims to surpass the success of its predecessor, PEPE. According to the YouTube channel 99Bitcoins, Pepe Unchained has the potential to generate 100x returns.
Pepe Unchained's presale has raised a remarkable $23.3 million, making it one of the most successful presales of 2024. The project aims to free the original PEPE from the limitations of the Ethereum blockchain by introducing its own Layer 2 (L2) blockchain, offering faster transactions and lower fees.
Pepe Unchained also encourages innovation by providing developer grants to support the development of dApps on its L2 chain. PEPU tokens are currently priced at $0.01189 and can be staked for an annual return of 99%.
Investors interested in purchasing PEPU tokens can do so on the official website, accepting ETH, USDT, or credit cards.
We are building the most influential,trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com