Sui Price Prediction: SUI Soars 11% As TVL Surpasses $900M, But Analysts Say Buy This New Crypto For The Next Bull Run

The
SUI/USDT
pair
on
the
daily
timeframe
shows
a
significant
shift
in
price
momentum.
For
several
months,
SUI
has
been
trading
within
a
bearish
channel,
with
lower
highs
and
lows
indicating
sustained
downward
pressure.

This
channel
ended
in
mid-August
when
the
price
found
support
near
the
0.78
Fibonacci
level,
a
key
retracement
point
often
serving
as
a
strong
support
area.

Shortly
after,
the
price
broke
out
of
the
bearish
channel
in
early
September,
signalling
a
potential
reversal
from
bearish
to
bullish
sentiment.

Following
the
breakout,
SUI
experienced
a
sharp
bullish
rally,
pushing
the
price
well
above
both
the
50-day
SMA
(1.0895)
and
the
200-day
SMA
(0.9515).

SUIUSDT
Analysis
Source:
Tradingview

This
crossover
above
two
critical
moving
averages
suggests
a
confirmed
bullish
trend,
with
the
current
price
at
1.5405.
These
moving
averages
are
now
positioned
as
dynamic
support
levels
in
the
event
of
a
price
pullback,
adding
to
the
strong
positive
momentum.

Sui
Price
Continues
The
Uptrend
On
Bullish
Technicals

The
support
zone
is
around
$0.80,
a
key
level
before
the
breakout.
This
area
is
likely
to
act
as
a
strong
support
if
the
market
retraces.
However,
the
current
price
action
indicates
a
further
gains
are
possible,
with
the
potential
for
“More
Upside
Reward”
shown
by
the
arrow
pointing
to
the
upside. 
If
it
breaks
through
the
$1.60
resistance
level,
the
price
could
continue
rising,
which
may
present
short-term
selling
pressure.

The
RSI
(Relative
Strength
Index)
is
currently
at
79.19,
placing
it
in
the
overbought
zone.
While
this
indicates
intense
buying
pressure,
it
also
implies
that
the
market
could
experience
a
short-term
correction
or
consolidation.
An
RSI
in
overbought
territory
often
signals
a
potential
pullback,
especially
if
the
indicator
remains
elevated
for
an
extended
period.

The
Sui
price
shows
a
solid
bullish
breakout
from
a
prolonged
bearish
phase,
supported
by
a
rise
above
key
moving
averages.

While
there
is
potential
for
further
upside,
as
indicated
by
the
recent
price
surge,
the
RSI
suggests
the
possibility
of
a
short-term
pullback.
Watching
for
resistance
around
$1.60
and
support
from
the
50-day
SMA,
200-day
SMA,
and
the
$0.80
support
zone
is
crucial.

Memebet
Casino
Raises
over
$272K

Meanwhile,
as
the
Sui
price
indicates
a
further
bullish
rally,
a
new
meme
coin
casino
project
called

Memebet
Casino
(MEMEBET
Token)
has
raised
more
than
$272K
in
early
funding
in
its
ICO.

This
momentum
has
captured
the
attention
of
popular
crypto
analyst
and
YouTuber
ClayBro,
with
over
130K
subscribers,
who
says
early
investors
could
see
massive
gains
once
the
MEMEBET
Token
launches.

The
MEMEBET
Token
is
an
emerging
online
casino
aiming
to
distinguish
itself
from
other
gambling
tokens
by
allowing
users
to
wager
with
popular
meme
coins,
including
Dogecoin,
Pepe,
Shiba
Inu,
and
more.

The
Memebet
Casino
will
be
accessible
directly
via
Telegram
and
will
function
as
a
no-KYC
betting
platform,
ensuring
anonymity
for
its
users.

Players
will
have
the
option
to
gamble
on
a
variety
of
games
such
as
slots,
table
games,
and
sports
betting.
The
project
promises
several
perks
for
$MEMEBET
Token
holders
and
high
rollers,
including
bonuses
and
entry
into
an
exclusive
VIP
community
where
top
bettors
can
enjoy
special
rewards
and
privileges.

Bro’s
asking
the
right
questions
????#MemeBet

#Presale
&

#Airdrop
soon
⏰

The
number
one
place
for

#Crypto
gaming
and
more!
????
????$FTM

$BTC

#SOL

#Bonk

#WIF

#Doge

#BOME

#Altseason

pic.twitter.com/NLds73vdTX

—
MemeBet
(@Memebetcasino)

May
19,
2024

In
addition
to
the
MEMEBET
token,
users
will
also
be
able
to
wager
with
meme
coins
and
benefit
from
a
portion
of
the
rewards
in
the
Memebet
Airdrop
campaign.

Future
airdrops
will
be
distributed
to
regular
casino
users
as
the
platform
expands.
Once
the
casino
goes
live,
token
holders
will
also
gain
access
to
special
challenges
and
exclusive
bonuses.

The
MEMEBET
Token
is
currently
priced
at
$0.0253,
with
no
minimum
investment
required.
You
can
purchase
it
using
$ETH,
$BNB,
$MATIC,
$USDT,
or
a
credit/debit
card.

With
the
price
set
to
increase
in
less
than
two
days,
interested
investors
should
act
quickly
to
take
advantage
of
the
current
low
price.

Buy
MEMEBET
Token
on
the
official
website
here.

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