Sui price continues to rally

bkasante - 2024-08-12 16:33:54

Sui price continues to rally by 11% in the past 24 hours.

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Despite the rising bearish sentiments and interest of memecoins to the detriment of altcoins the price of Sui has rising by 11% in the past 24 hours. The price of Sui has rising by about 120% in the past week and 40% in the past 30 days.

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Raoul Pal believes that if Sui vs Sol downtrend breaks then Sui price will explode and also Raoul Pal’s recent endorsement of Sui is also a contributing factor to Sui price rally.

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Sui price vs Btc is very bullish and and some X users like Kaleo believe that there could be a layer One season soon.

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Sui price on the 4 hour timeframe is very bullish with all the cloud indicators bullish and price has rallied by 11% in the past 24 hours.

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On the 1 day timeframe the price of Sui has rising above the cloud and all the cloud indicators are bullish and price could rise above to 1.500 if the price continues to rally on the 1 day timeframe.

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Despite the bullish price movement on the 1 day and 4 hour timeframe price on the 1 week timeframe is still bearish due to the price of Sui being below the cloud.