Sui Price Prediction: SUI Surges 31% As This P2E DOGE Rockets Past $6 Million

The
Sui
price
surged
31%
in
the
last
24
hours


to
trade
at
$0.8462

as
of
03:36
a.m.
EST
on
trading
volume
that
skyrocketed
52%
to
$389
million.

SUI
has
been
in
a
sustained
rally
in
the
last
two
days
after
Grayscale
announced
on
Wednesday
the
launch
of
two
new
crypto
investment
funds
for
Bittensor
(TAO)
and
Sui
(SUI)
tokens.

The
new
funds,
coming
in
as
single-asset
funds,
will
provide
investors
with
exposure
to
potential
price
growth
from
the
developments
taking
place
in
the
Bittensor
and
Sui
protocols.

The
move
also
reflects
the
steps
Grayscale
is
taking
to
expand
its
decentralized
investment
offerings.

Sui
Price
Prediction:
The
SUI
Price
Aims
For
A
Continued
Rally

The
Sui
price
was
in
a
downward
trend
from
July
29
to
Aug.
5,
dropping
from
the
$0.78
resistance
to
the
$0.52
support
level.

SUI
bulls
then
gained
control
of
the
altcoin’s
price,
pushing
it
through
a
markup
phase
as
the
SUI
price
reclaimed
the
$0.52
resistance,
forming
a
rounding
bottom
pattern.

Investors
then
capitalized
on
the
pattern
to
push
the
price
of
Sui
above
the
resistance,
as
they
aim
to
sustain
the
momentum.

On
the
4-hour
chart,
SUI
now
trades
above
both
the
50-day
and
200-day
Simple
Moving
Averages,
a
confirmation
that
the
price
is
now
on
an
uptrend.

The
Relative
Strength
Index
(RSI)
also
affirms
the
positive
momentum,
as
it
bounces
from
the
oversold
level,
currently
at
79,
which
shows
that
SUI
is
overbought.

Daily
chart
for
SUI/USDT
(Source:
Tradingview.com)

If
the
momentum
continues,
the
SUI
price
could
continue
surging,
as
the
bulls
target
$1,
a
17%
increase
from
the
current
price.

However,
the
RSI
shows
that
the
asset
is
currently
overvalued,
which
is
a
selling
signal.
Investors
could
therefore
start
booking
profits.
In
this
scenario,
the
price
of
SUI
could
drop
to
the
immediate
support
levels
at
$0.74
and
$0.63,
which
are
the
200-day
SMA
and
50-day
SMA,
respectively.

Meanwhile,
as
the
SUI
price
rallies,
investors
continue
to
pour
capital
into
the
new
Dogecoin
alternative,


PlayDoge
(PLAY),
a
project
that
analysts
say
has
the
potential
for
parabolic
gains
after
launch.

Jacob
Bury,
a
prominent
crypto
analyst
on
YouTube,
believes
$PLAY
has
the
potential
to
soar
10X
after
its
launch.

PlayDoge
ICO
Zooms
Past
$6
Million
–
Best
Alternative
To
Buy
Now?

PlayDoge,
a
play-to-earn
(P2E)
meme
coin
has
continued
to
gain
traction,
bursting
past
the
$6
million
milestone
in
its
presale.
This
surge
in
investor
attention
could
catapult
PlayDoge
to
rival
its
predecessor,
DOGE,
and
other
dog-themed
tokens
like
FLOKI.

Don’t
ghost
your

#Doge
or
it’ll
die
????

Feed
your
Doge,
earn
rewards,
and
level
up.
No
mazes,
just
fun!#Presale
has
launched!
????#PlayDoge

#P2E

#Memecoin

pic.twitter.com/Fp2sFwycpj

—
PlayDoge
(@PlayDogeGame)

May
31,
2024

PlayDoge
combines
the
iconic
Doge
meme
with
the
beloved
Tamagotchi
game
from
the
90s,
creating
a
fun
virtual
gaming
experience
where
players
play
to
earn
the
game’s
native
token,
$PLAY.

With
P2E
elements
and
the
project’s
upcoming
launch
of
a
modern
version
of
the
classic
Tamagotchi
game,
PlayDoge
is
shaping
up
to
be
the
meme
coin
that
investors
might
regret
missing
out
on. 

The
project
also
allows
you
to
earn
passively
through
its
staking
option,
by

buying
and
staking
$PLAY

for
77%
annual
rewards.

You
can
buy
$PLAY
tokens
for
$0.00527
each.
However,
with
a
price
increase
coming
in
about
one
day,
you
might
want
to
act
fast
to
get
the
meme
coin
at
the
best
possible
price.

Purchase

$PLAY
from
its
official
website
here

using
BNB,
USDT,
or
a
bank
card.

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