Babylon

bullish

Million

Tornado Cash

<p>The Sui price has soared 99% in the past month and 10% in the last 24 hours to trade at $3.39 as of 7:05 a.m. EST on a 10% drop in trading volume to $2 billion.</p>
<p>The recent surge in the SUI price comes as the network entered the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol.</p>
<p>This collaboration targets the $1.8 trillion Bitcoin market, aiming to bolster Sui’s decentralized finance (DeFi) ecosystem by allowing BTC holders to stake their coins.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Sui 🤝 <a href="https://twitter.com/babylonlabs_io?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@babylonlabs_io</a> ➕ <a href="https://twitter.com/Lombard_Finance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Lombard_Finance</a></p>
 <p>With our powers combined, we’re bringing Bitcoin liquidity to the Sui ecosystem.</p>
 <p>That’s right, Bitcoin holders – you’ll soon be able to stake your BTC and receive <a href="https://twitter.com/search?q=%24LBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LBTC</a> natively minted on Sui. 🤯</p>
 <p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1861057100949955070?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>BTC stakers will receive Lombard’s liquid staking token (LBTC), minted on Sui. This token will enhance lending, borrowing, and trading within the network.</p>
<p>Additionally, Cubist will provide secure key management for the initiative. This move is designed to drive DeFi adoption on Sui while integrating Bitcoin’s liquidity into its ecosystem.</p>
<h2 id="sui-price-rebounds-within-a-bullish-channel">Sui Price Rebounds Within A Bullish Channel</h2>
<p>The SUI/USDT pair on a 1-day timeframe indicates a strong bullish trend, with the price <a href="https://www.coingecko.com/en/coins/sui" rel="noopener noreferrer nofollow">trading at $3.39</a> within an upward-sloping bullish channel. The price action shows a clear upward trajectory, indicating positive momentum as it moves from the support zone around $0.91.</p>
<p>This support level has acts as a solid base for price movements, with the price making higher highs as it advances within the channel. The most recent price action shows SUI testing a resistance level near $3.86, and a break above this resistance could pave the way for further gains. If the price retraces toward the support zone, it may offer a buying opportunity for bulls aiming to maintain the upward trend.</p>
<p><img decoding="async" class="aligncenter wp-image-605007 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/11/SUIUSDT_2024-11-27_14-23-09.png" alt="Sui price" width="1281" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/SUIUSDT_2024-11-27_14-23-09.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/11/SUIUSDT_2024-11-27_14-23-09-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/SUIUSDT_2024-11-27_14-23-09-1024x436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/SUIUSDT_2024-11-27_14-23-09-768x327.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p>
<p style="text-align: center;">SUIUSDT Analysis Source: Tradingview</p>
<p>The 50-day moving average (SMA), currently below the price, signals that short-term momentum remains bullish as the price trades above this key trendline. Additionally, the 200-day moving average supports this bullish sentiment, as it lies beneath the current price, indicating a healthy long-term trend.</p>
<h2 id="sui-price-rsi-signals-a-short-term-correction">Sui Price RSI Signals A Short-Term Correction</h2>
<p>The Relative Strength Index (RSI) stands at 71.67, which places the Sui price in the overbought territory. While this reflects bullish momentum, it also signals that the price could be nearing exhaustion. An RSI above 70 indicates that the market may be overheated, and a potential pullback or consolidation might occur before the price can continue its upward trajectory. However, as long as the RSI stays below extreme overbought levels, the bullish trend is likely to persist, though caution is advised.</p>
<p>Sui’s price is showing strong bullish momentum. It is advancing within a clear bullish channel and testing key resistance levels. If the resistance around $3.86 is broken, the price could see further gains.</p>
<p>However, the overbought RSI suggests a possible correction or consolidation in the short term. The support zone at $0.91 remains crucial for any potential pullbacks, and the overall trend remains bullish as long as the price stays above this level.</p>
<h2 id="flockerz-presale-crashes-past-3-4-million-next-crypto-to-explode">Flockerz Presale Crashes Past $3.4 Million – Next Crypto To Explode?</h2>
<p>As the Sui price continues its bullish trend, the Vote-to-Earn (V2E) meme coin Flockerz (FLOCK) has hurtled past $3.49 million in its presale.</p>
<p>According to analyst and YouTuber Claybro, with over 132K subscribers, $FLOCK will see a surge of at least 5x once it launches.</p>
<p><iframe title="Price Predictions For Flockerz Are Very Conservative! This Meme Coin Could Surpass Expectations!" width="640" height="360" src="https://www.youtube.com/embed/i1SPnjOoItI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p><a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a> features a unique vote-to-earn system in which users earn FLOCK tokens for every vote they cast through the Flocktopia DAO.</p>
<p>This system keeps the community engaged, and allows investors to have a say in the project’s direction.</p>
<p>Investors can also stake their FLOCK tokens for a huge 655% annual staking return.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">And what do YOU think you will bring to The Flock? 🐦 <a href="https://t.co/RoR4wXg1Yw" rel="noopener noreferrer nofollow">pic.twitter.com/RoR4wXg1Yw</a></p>
 <p>— Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1861069850543833150?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Right now, FLOCK tokens are priced at $0.0061504 and can be bought with ETH, USDT, BNB, or a bank card.</p>
<p>To secure the best deal, buy before a price hike in about 1 day.</p>
<p>To join the presale, <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">visit the Flockerz website here.</a></p>
<h2 id="related-articles">Related Articles</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-soars-174-in-a-month-but-experts-say-this-cat-themed-token-might-be-the-best-crypto-to-buy-now" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Dogecoin Soars, But CatSlap Is The Best Crypto To Buy Now</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/thena-price-prediction-the-goes-parabolic-with-547-surge-after-binance-listing-will-this-blockbuster-ico-be-next" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Thena Goes Parabolic, Will This ICO Be Next?</span></a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/torn-surges-418-as-federal-court-rules-us-sanctions-against-tornado-cash-must-be-abandoned" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">TORN Surges As Court Rules Against Sanctions On Tornado Cash</span></a></li>
</ul>

Is It Too Late To Buy SUI? SUI Price Soars 99% In A Month And This Might Be The Next Crypto To Explode

Table of Contents

Inside Bitcoins

Other articles published on Nov 27, 2024

Peter Schiff Sparks Debate Over Bitcoin’s Impact on America’s Economic Strength

Bitwise Joins Race for Solana ETF Amid Growing Interest in Crypto ETFs

Solana ($SOL) Hits All-Time High of $264: Possible Factors Behind the Surge

Former CFTC Chairman Giancarlo Speaks on Strategic Bitcoin Reserve Plan in the US

Web3 Launchpad & Platform overHere launches $HAWK – Haliey Welch’s Official “Hawk Tuah” Memecoin

SEC to Dismiss the Ripple Case? Former CFTC Chairman Thinks so

Join our free newsletter for daily crypto updates!