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The Sui price surged 7% in the last 24 hours to trade at $2.14 as of 00:22 a.m. EST on trading volume that plunged 38% to $1.1 billion. Sui Price On Aims To Sustain Its Bullish Stance According to the SUI/USD Analysis on the 4-hour timeframe, the chart shows a bullish trend. The price is moving within an upward channel (marked by the two parallel white lines), making higher highs and higher lows, which is characteristic of an uptrend. According to GeckoTerminal data, the bulls aim to overcome the $2.4 resistance. The price of SUI now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the recent bullish stance. The Relative Strength Index (RSI) is currently at 53.31, indicating a neutral position, as it is neither in overbought territory (above 70) nor oversold territory (below 30). This midpoint suggests the market has room to move in either direction without being overextended. However, the RSI is trending upwards, which may indicate t...

The Sui price slumped 9% in the last 24 hours to trade at $2.03 as of 3.20 a.m. EST on trading volume that surged 44% to $1.39 billion. The SUI price plunge came amid recent allegations of insider trading. The project debunked the $400 million insider trading claims, saying that the sales have come from an infrastructure partner. The project insisted that no insiders, employees, or SUI investors have engaged in any preemptive selling of the coin or the violation of its supply schedule. The price drop came despite some positive developments lately. Yesterday, major crypto exchange BitGo announced new asset support for the Sui Network ecosystem, with custody for two new assets, DeepBook (DEEP) and Sui Naming Service (NS), that could bring more traffic and activity to the project’s network. 🚨 New Asset Support 🚨 We’re pleased to expand our support for the @SuiNetwork ecosystem with custody for two new assets: Sui Naming Service $NS and DeepBook $DEEP....