Hamster Kombat

Pepe

The Sui price has surged 10% in the last 24 hours <a href="https://www.coingecko.com/en/coins/sui">to trade at $0.863</a>&nbsp;as of 6:07 p.m. EST, on a 20% surge in trading volume to $336 million. 
This rise in price comes as Grayscale announces the launch of two new investment trusts: the Grayscale SUI Trust and the Grayscale TAO Trust. This move reflects a strong vote of confidence. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Grayscale Opens Sui Trust to Qualified Investors According to Foresight News, Grayscale has announced that its Grayscale Sui Trust is now open to qualified investors. As of Aug 8,2024,net asset value per share of the <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw">#Grayscale</a> Sui Trust stands at $11.42, with a mgmt fee of 2.50% <a href="https://t.co/PYqjxjRcwI">pic.twitter.com/PYqjxjRcwI</a> 
 — Crypto Consultant (Mukesh Pujari) (@KryptoConsultan) <a href="https://twitter.com/KryptoConsultan/status/1821993601666290029?ref_src=twsrc%5Etfw">August 9, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="span-style-font-weight-400-sui-price-analysis-bulls-signal-a-bull-rally-after-a-breakout-above-the-bearish-channel-span">Sui Price Analysis: Bulls Signal A Bull Rally After A Breakout Above The Bearish Channel</h2> 
SUI is currently in a historically bearish phase, with bulls trying to push this price above the bearish channel created since hitting a resistance at $2.202. According to <a href="https://www.geckoterminal.com/sui-network/pools/0xcf994611fd4c48e277ce3ffd4d4364c914af2c3cbb05f7bf6facd371de688630?utm_campaign=livechart-btn&amp;utm_medium=referral&amp;utm_source=coingecko">GeckoTerminal data</a>, bulls are trying to sustain the momentum after regrouping at $0.5197, which has enabled the crypto to rally above the channel. This presents a new challenge for investors and traders. However, if the market continues to rally over the long term, SUI could see more gains ahead. 
<img decoding="async" class="alignnone wp-image-563186 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/08/SUIUSDT_2024-08-10_05-30-46.png" alt="Sui price" width="980" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/SUIUSDT_2024-08-10_05-30-46.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/08/SUIUSDT_2024-08-10_05-30-46-300x167.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/SUIUSDT_2024-08-10_05-30-46-768x427.png 768w" sizes="(max-width: 980px) 100vw, 980px"> 
SUIUSDT Analysis By TradingView 
Despite the slight pullback at the $1.89 resistance, bulls showed resilience, keeping the price above the 50-day simple moving average (SMA). However, the Sui price still remains relatively below the 200-day SMA. While this remains a challenge for bulls to overcome, increased momentum should be able to confirm the rally above the 200 SMA. 
The Relative Strength Index (RSI) is also bullish following a rebound from the 30 oversold level past the 50 midline level towards the 70 overbought level. This indicates intense buying pressure which could help push the RSI into the overbought region. 
The MACD indicator also presents positive momentum after it rebounded below the MACD Signal. Recently, the MACD line broke above the MACD Signal line. Traders might see this as a sign that the crypto has entered a positive trend. This adds to the belief that a bullish rally might soon ensue. 
<h2 id="span-style-font-weight-400-sui-price-bulls-aim-for-new-highs-above-the-channel-span">Sui Price Bulls Aim For New Highs Above The Channel</h2> 
As the week comes to a close, investors and traders might face some resistance, leading to a few turbulent days before a potential long-term rally. This potential market volatility could also benefit bears over the long run. 
The Sui price maintains a bullish stance as bulls look to achieve new highs with support from technical indicators. If the scenario unfolds, bulls could propel the price to a new high at $1.53 in the upcoming weeks. 
In a converse case, bears regaining control opens up the risk of a sell-off towards the protective support zone at $0.6067. 
<h2 id="a-promising-alternative-the-next-meme-coin-to-explode-100x">A Promising Alternative: The Next Meme Coin To Explode 100X?</h2> 
Given the uncertainty and volatility surrounding the outlook for the Sui price, investors are looking to diversify into the new layer-2 token <a href="https://insidebitcoins.com/visit/pepeunchained" rel="nofollow">Pepe Unchained ($PEPU).</a> 
PEPU is one of the year’s top-performing ICOs and is currently in presale, making it shielded from the ongoing meme coin selloff affecting the sector. 
Unlike the original PEPE, PEPU operates on its own native layer 2 network, moving away from the congested layer 1 Ethereum mainnet. This upgrade provides investors with faster transaction speeds, greater scalability, and significantly lower fees. PEPU aims to achieve speeds up to 100 times faster than meme coins currently on the Ethereum network. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Pepe is gearing up to surf his own Layer 2 blockchain – the first of its kind! 🐸🌊 <a href="https://t.co/T41V8wNDBh">pic.twitter.com/T41V8wNDBh</a> 
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1821533869050638431?ref_src=twsrc%5Etfw">August 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Additionally, its layer 2 chain will feature an explorer and offer an impressive annual staking yield of 244%. 
It has attracted the attention of analysts on the 99Bitcoins YouTube channel, with more than 706k subscribers, who say PEPU has the potential to lead the next bull market and even become the top meme coin. 
<iframe title="Pepe Unchained Has The Potential To Lead The Bull Market Gains And Become The Top Meme Coin!" width="640" height="360" src="https://www.youtube.com/embed/sFSXb5Rh8Cg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
You can join investors who have already pumped more than $7.9 million into PEPU by buying the token for $0.0089919. You might want to act fast if you are interested in buying the meme coin, because there will be a price hike in less than 2 days. 
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="nofollow">Buy PEPU here using ETH, USDT, BNB, or a bank card.</a> 
<h2 id="related-articles">Related Articles</h2> 
<ul> 
 <li><a href="https://insidebitcoins.com/news/qubic-price-prediction-qubic-plunges-9-but-this-ai-meme-coin-charges-towards-10m-with-time-to-buy-running-out">Qubic Price Prediction: QUBIC Plunges 9%, But This AI Meme Coin Charges Towards $10M With Time To Buy Running Out</a></li> 
 <li><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</a></li> 
 <li><a href="https://insidebitcoins.com/news/hamster-kombat-latest-uzbekistan-regulators-say-viral-telegram-game-is-not-illegal">Hamster Kombat Latest: Uzbekistan Regulators Say Viral Telegram Game Is Not Illegal&nbsp;</a></li> 
</ul>

Sui Price Prediction: SUI Price Pumped 10% As Experts Say Consider This Crypto With 100X Potential

Table of Contents

Inside Bitcoins

Other articles published on Aug 10, 2024

Bitcoin Threshold Surpasses $60K, Triggers Market Optimism

Bitcoin Sees Spike in U.S. Demand, Could BTC Rally to New ATH?

IRS Unveils Updated Crypto Reporting Form for US Taxpayers

Ethereum Price Consolidates at $2.6K Amid Increasing Selling Pressure

Hoskinson Criticizes Harris’s Crypto Stance

Cryptocurrency Market Sees High Volatility

Join our free newsletter for daily crypto updates!