The cryptocurrency market has seen a pullback in all the major coins over the last week. SUI has faced extreme bearish pressure in the last few days due to insider trading allegations. Investors who have booked profit in SUI are moving towards Solana and Cutoshi as they present better market opportunities at the moment.
Sui (SUI): Sluggish Price Movement Away From ATH
Sui (SUI) recently made a new All-time High at $2.36 twelve days ago. After this, Sui started a slow downtrend and is now 20% down from its ATH. Sui currently trades at $1.75 and has a market cap of over $4.75 billion.
The Sui price trades below the 20-day simple moving average but still trades above the 50-day SMA. The relative strength index (RSI) is at 47 and dropping further. Also, the moving average convergence and divergence (MACD) indicator is dropping towards the zero line, indicating increasing bearish pressure.
Sui (SUI) has an immediate resistance level near $2.007 and another significant resistance level at $2.16. On the downside, $1.79 and $1.74 are support levels for the price drop of Sui (SUI).
Solana (SOL): Will It Breakout Or Face Rejection Again?
Solana (SOL) is facing rejection again near the upper trendline of its major downtrend channel, which has been moving in since March 2024. Solana has had a decent rally, gaining nearly 24% in the last 14 days.
Solana’s current market price is $172.48, after a 2.4% drop over the last 24 hours. The trading volume for Solana has also decreased by over 20%. The RSI is 65, and SOL is moving towards the overbought region. SOL has strong support near the $164 price point. If the price falls further, $159.76 could be another support level. If Solana can break out from the trendline, it could end the long-term congestion and start a new rally.
Cutoshi Named As Best Project Of 2024
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Cutoshi is the new Defi meme coin, named the best meme coin project of this year because of its unique infrastructure and bringing DeFi to the masses. While SUI is facing market challenges and Solana has shown strength after a long time, compared to these coins, Cutoshi provides the potential for a higher rate of growth because of its market size. CUTO is in its early stages and has more growth than other large market cap coins.
Cutoshi’s presale shows solid growth, with a 46% price increase in the early stages and a current trading price of $0.022. At its core, Cutoshi offers a multi-chain DEX, allowing users to swap assets across blockchains with low fees and privacy—a feature that appeals to casual and serious DeFi traders.
The platform also includes a token farming system that rewards users for completing tasks, creating engagement and long-term value. Cutoshi Academy provides DeFi basics to newcomers, supporting growth in the broader crypto community.
With over $540K raised quickly, Cutoshi’s presale is hitting impressive milestones and showing strong potential to surpass popular meme tokens. Its unique appeal attracts investors, and its utility could increase the CUTO token’s value.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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