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SUI Struggles At $5: Can New Tech And Promising Opportunities Push It To $7.73?

SUI Struggles At $5: Can New Tech And Promising Opportunities Push It To $7.73?

CryptoNewsNetCryptoNewsNet2024/12/19 01:55
By:thecryptobasic.com

The SUI crypto has caught attention with its recent surge to a new all-time high of $4.85. This marks a 21.8% leap over the last seven days. SUI’s performance has been stronger than other top cryptocurrencies. With the SUI price now at $4.52, there are important developments to consider. These include new cross-chain integrations that can improve its ecosystem. Holders are now focused on whether these changes can help SUI push toward $7.73.

SUI Outperforms main competitors

The performance of SUI crypto this year has been remarkable. SUI surged over 813% in 2024, making it one of the strongest tokens of the year. SUI’s growth shows its ability to attract more holders and users, even in a competitive market.

SUI Struggles At $5: Can New Tech And Promising Opportunities Push It To $7.73? image 0
SUI 18December24

This kind of growth has helped SUI token stand out. Its recent price moves reflect strong trust and rising activity in the SUI network. Heading into 2025, SUI’s performance continues to show potential for further price increases.

New Technology Helps SUI Expand

The recent launch of cross-chain USDC transfer protocols is a key development for the Sui network. This new feature allows smooth USDC transfers across different blockchains. It improves liquidity, making USDC easier to use on the Sui network. As a result, the SUI token now supports faster and more efficient transactions.

These updates make SUI crypto more useful for both developers and users. With better technology, SUI is well-placed to grow its user base. If transaction activity keeps increasing, it could support the SUI price in moving higher. This new technology also strengthens SUI’s position as an important blockchain project.

Technical Analysis: Can SUI Price Reach $7.73?

The SUI price shows clear signs of upward momentum. Right now, SUI is holding steady above its key support level at $4.35. However, it faces resistance at $5.23, which is a critical point to watch. Breaking this resistance could unlock more price growth.

The 10-day Moving Average is at $4.43, showing short-term positive movement. The 50-day Moving Average, now at $3.43, provides strong mid-term support. These signals confirm that the price trend remains positive.

The Relative Strength Index (RSI) is currently at 60.71. This means that SUI is not overbought but still has strong buying activity. The MACD indicator is positive at 0.35, which suggests more upward momentum.

If SUI breaks past $5.23, analysts see clear price targets ahead. The first target is $5.71, where SUI faces mid-level resistance. The next target is $6.80, which lines up with Fibonacci projections. If the trend continues, SUI could reach $7.73, a 73.48% upside from its current price.

However, if SUI fails to break the resistance at $5.23, the price may pull back slightly. It could settle near the current range of $4.50 before making another attempt to rise.

Minotaurus (MTAUR): SUI Holders Are Eying a New Path?

As SUI seems to be struggling at $5, Minotaurus (MTAUR) is quickly becoming the talk of the town, with its presale hitting 890K USDT and growing daily. The current price of MTAUR is 0.00008108 USDT, offering a 59% price advantage compared to the 0.00020 USDT listing price. Early participants who bought at 0.00004 USDT have already seen their tokens appreciate by 102%.

MTAUR isn’t just a token—it’s a game-changer for casual gamers. Players use MTAUR to unlock special in-game features and get an advantage, making each playthrough more exciting. With 10% of the token supply reserved for community incentives, there are multiple ways to receive bonuses for referring others and extending your vesting period.

With over 15,000 community members already on board, the excitement continues to grow. Don’t miss out on the chance to win 50,000 USDT in the ongoing 100,000 USDT giveaway! Act now—get your MTAUR while the presale price is still available.

Conclusion

The SUI crypto has proven its strength this year by outperforming top tokens. Its price rise has been supported by key developments, such as the cross-chain USDC transfer feature. These updates improve the Sui ecosystem and make the SUI token more practical for users.

Sui is undoubtedly a solid choice, but MTAUR’s presale is an opportunity you can’t afford to miss. Low entry, perks for early buyers, and huge growth potential—why not boost your portfolio today?

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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