Sui Price Surges 11% Past $900M TVL, Analysts Favor New Crypto[embed]https://www.youtube.com/watch?v=CVhoXK2hNlA[/embed]

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<p>The daily chart for the SUI/USDT trading pair reveals a notable change in price momentum. For several months, SUI had been confined to a bearish channel characterized by lower highs and lower lows, indicating persistent selling pressure.</p>
<p>This trend shifted in mid-August when the price found a foothold near the 0.78 Fibonacci level, a significant retracement point that typically acts as robust support.</p>
<p>Shortly thereafter, the price broke free from the bearish channel in early September, hinting at a possible transition from a bearish to a bullish market sentiment.</p>
<p>After this breakout, SUI recorded a swift and strong bullish rally, driving the price well past both the 50-day SMA (1.0895) and the 200-day SMA (0.9515).</p>
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<img fetchpriority="high" decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/SUIUSDT_2024-09-23_13-53-35.png" alt="Sui price" width="1281" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/SUIUSDT_2024-09-23_13-53-35.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/09/SUIUSDT_2024-09-23_13-53-35-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/SUIUSDT_2024-09-23_13-53-35-1024x436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/SUIUSDT_2024-09-23_13-53-35-768x327.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"/>
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<p>SUIUSDT Analysis Source: Tradingview</p>
<p>This crossover above two important moving averages signifies a validated bullish trend, with the current price at 1.5405. These moving averages are now functioning as dynamic support levels in case of a price pullback, reinforcing the upward momentum.</p>
<h2>Sui Price Maintains Uptrend on Bullish Indicators</h2>
<p>The support zone is around $0.80, a critical level prior to the breakout. This region is expected to serve as a strong support should the market experience a retracement. Nonetheless, the current price action suggests further gains are on the horizon, with the potential for "More Upside Reward" indicated by the upward arrow. If the price surpasses the $1.60 resistance level, it may continue to rise, potentially leading to short-term selling pressure.</p>
<p>The RSI (Relative Strength Index) is currently at 79.19, placing it in the overbought zone. While this signals strong buying pressure, it also suggests that the market might undergo a short-term correction or consolidation. An RSI in the overbought range often indicates a possible pullback, especially if the indicator stays elevated for an extended duration.</p>
<p>The Sui price reflects a solid bullish breakout from an extended bearish phase, supported by rising above essential moving averages.</p>
<p>While there is room for additional upside as shown by the recent surge, the RSI suggests the chance of a short-term pullback. Monitoring resistance around $1.60 and support from the 50-day SMA, 200-day SMA, and the $0.80 support zone is vital.</p>
<h2>Memebet Casino Secures Over $272K</h2>
<p>In the meantime, as Sui price points to a further bullish rally, a new meme coin casino venture known as Memebet Casino (MEMEBET Token) has successfully raised more than $272K in initial funding during its ICO.</p>
<p>This momentum has drawn the attention of popular crypto analyst and YouTuber ClayBro, who has over 130K subscribers, suggesting that early investors could see substantial gains once the MEMEBET Token launches.</p>
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<p>The MEMEBET Token is an up-and-coming online casino aiming to set itself apart from other gambling tokens by enabling users to wager with trending meme coins, such as Dogecoin, Pepe, Shiba Inu, and more.</p>
<p>The Memebet Casino will be directly accessible through Telegram and will operate as a no-KYC betting platform, ensuring user anonymity.</p>
<p>Players will have the opportunity to wager on a range of games, including slots, table games, and sports betting. The project promises various perks for $MEMEBET Token holders and high rollers, such as bonuses and admission into an exclusive VIP community where top players can enjoy unique rewards and benefits.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="6.1792828685259">
<p lang="en" dir="ltr">Bro's asking the right questions <a href="https://twitter.com/hashtag/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw">#Presale</a> &amp; <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw">#Airdrop</a> coming soon </p>
<p>The premier spot for <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> gaming and more!  <a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FTM</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw">#SOL</a> <a href="https://twitter.com/hashtag/Bonk?src=hash&amp;ref_src=twsrc%5Etfw">#Bonk</a> <a href="https://twitter.com/hashtag/WIF?src=hash&amp;ref_src=twsrc%5Etfw">#WIF</a> <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw">#Doge</a> <a href="https://twitter.com/hashtag/BOME?src=hash&amp;ref_src=twsrc%5Etfw">#BOME</a> <a href="https://twitter.com/hashtag/Altseason?src=hash&amp;ref_src=twsrc%5Etfw">#Altseason</a> <a href="https://t.co/NLds73vdTX">pic.twitter.com/NLds73vdTX</a></p>
<p>— MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1792226734265266188?ref_src=twsrc%5Etfw">May 19, 2024</a></p></blockquote>

<p>Beyond the MEMEBET token, participants will also be able to wager with meme coins and participate in the rewards offered through the Memebet Airdrop campaign.</p>
<p>Future airdrops will be allocated to regular casino users as the platform grows. Once the casino opens, token holders will also gain access to unique challenges and exclusive bonuses.</p>
<p>The MEMEBET Token is currently valued at $0.0253, with no minimum investment threshold. Purchases can be made using $ETH, $BNB, $MATIC, $USDT, or credit/debit cards.</p>
<p>Given that the price is set to rise in less than two days, potential investors should act promptly to capitalize on the current low price.</p>
<p>Buy MEMEBET Token on the official website here.</p>
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