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The Sui price surged 10% in the last 24 hours to trade at $2.08 as of 00:31 a.m. EST on trading volume that rose 36% to $1.7 billion.
Sui Price Gearing Up Towards A Sustained Bullish Rally
According to data from GeckoTerminal, the Sui price movements since March have formed a cup-and-handle pattern, with the bulls finding enough support around the $0.63 level.
Meanwhile, the price of Sui has crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an affirmation of the bullish stance.
Additionally, on the 4-hour chart analysis, the Relative Strength Index (RSI) is rebounding to currently trade above the 50-midline level, showing that the asset may be picking up some bullish pressure.
If the SUI price bulls capitalize on the cup and handle pattern and the SMAs, the price of Sui could continue soaring. Moreover, the 50-SMA is crossing above the 200-day SMA, which forms a golden cross around $1.12. In this scenario, the Sui price could keep rising, as they target $3.70.
Conversely, if the bears take charge of the price at this level, SUI could plunge back to the 200-day SMA at $1.13.
Meanwhile, investors are going all-in on new meme coin rival Pepe Unchained ($PEPU), which aims to emulate and surpass the success of its predecessor, PEPE.
According to 99Bitcoins, a leading crypto YouTube channel with more than 706k followers, Pepe Unchained could be the next meme coin to deliver 100x returns.
Pepe Unchained Presale Heads For $24 million
Pepe Unchained ($PEPU) is ending “Uptober” with a bang, stuffing its presale bag with an eye-popping $23.3 million.
As its name suggests, Pepe Unchained is designed to free, or ”unchain,” the OG PEPE from its clunky, inefficient home on Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
What sets Pepe Unchained apart from other PEPE derivatives is its Layer 2 (L2) blockchain, which offers superior transaction speeds and significantly reduced fees compared to the original Pepe ($PEPE), which runs on Ethereum’s slower, more expensive Layer 1 network.
Pepe Unchained provides a seamless and efficient user experience, making it a strong contender in the meme coin space.
Pepe Unchained is also actively fostering innovation by launching developer grants. The project’s website now features a portal where developers can apply for grants to build on its L2 chain. The goal is to create new dApps and leverage its technology for even faster and more cost-efficient transactions.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
PEPU tokens can also be staked for a huge 99% return annually.
PEPU tokens are priced currently at $0.01189 each. Investors eager to join one of the most successful presales of the year should do so before a price hike in less than 22 hours.
Buy PEPU tokens on the official website here with ETH, USDT, or a credit card.
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