Crypto Price Prediction: Sui, Bitcoin, Poodlena
SUI's bullish momentum made it the day's top gainer among cryptos as Bitcoin struggled to break the critical $60,000 zone. Meanwhile, Pudlana has meme coin traders on the edge of their seats.
SUI is the highest earner of the day.
Among the trending cryptocurrencies in the new week is SUI. At the time of writing, it has increased in value by 20.52% in the last 24 hours as reported by CoinMarketCap. In particular, he maintained this amazing speed for days; It has increased by 118.82% in the last 7 days.
The optimism of bull traders continued to boost the altcoin following the announcement of Grayscale Investments on 7th August. Launching two new investment trusts for Sui (SUI) and Bittensor (TAO) tokens, the company's head of product and research, Reyhaneh Sharif-Askari, said: “We are excited to add Bittensor and Sui to our product portfolio and we believe that Bittensor is. At the center of the development of decentralized AI, Sui smart contract while redefining the blockchain “.
Looking at the daily price chart, the SUI is showing above the 50-day EMA and above the 68 RSI. Aspects that point to a strong bullish tendency. In the short term, it may be range bound between 1.1360 and 0.9710. On the downside, a pullback above the mentioned support level may drop to 0.8858 before rallying further.
The Pudlana pre-sale is in its final 100-hour leg.
While SUI has been one of the trending cryptos in recent sessions, an advanced booster is one of the newer projects – Pudlana. In fact, with all the facts and fun surrounding it, it could be Solana's biggest list of 2024. Perhaps more than Dogecoin.
With less than 100 hours left in the pre-sale, the project raised $6.76 million. In addition to the popularity of meme coins, the status of POODL has increased due to its association with luxury. Named after a poodle; A dog breed associated with luxury fashion, particularly in Asia. Additionally, he dubs himself The Hermes of Crypto.
In particular, Pudlana buyers are optimistic that trading will continue at a high level after an hour of the end of the pre-sale. Of course, those who buy at the current price of $0.0499 have a profit locked in at the next level of $0.0539. This means that for a modest investment of $150, you will earn 3,006 tokens. In the next 20 hours, it will be equal to 2,782 tokens; Big difference, right? You can learn more about the Poodlena token here.
Bitcoin struggles around $60,000.
The intense fear he experienced a week ago seemed to have subsided, but his hesitation was still palpable. As such, Bitcoin is struggling to break through the $60,000 zone in the first trading session this week.
On the daily chart, it continues to trade below the 25 and 50-day EMA. This confirms last week's point of view on cat panic. In the short term, the range between 57,121 and 61,925 is worth watching.
