SUI’s bullish momentum has made it the day’s biggest gainer among cryptos. Bitcoin struggles to break the crucial $60,000 zone. Meanwhile, Poodlana has meme coin traders on the edge of their seats, with less than 100 hours to go before it hits public shelves.

SUI is the biggest gainer of the day

Among the trending cryptocurrencies in the new week is SUI. At the time of writing, it was the biggest gainer among cryptocurrencies with a price increase of 20.52% in the past 24 hours, as per CoinMarketCap. Interestingly, it has maintained this impressive momentum for days now; it is up by 118.82% in the past 7 days.

Bull traders’ optimism has further boosted the altcoin following Grayscale Investments’ announcement on 7^and August. During the launch of two new investment trusts for Sui (SUI) and Bittensor (TAO) tokens, Rayhaneh Sharif-Askary, the firm’s Head of Product & Research, stated: “We are excited to add Bittensor and Sui to our product suite and believe that Bittensor is central to the growth of decentralized AI, while Sui is redefining the smart contract blockchain.”

A look at the daily price chart shows that the SUI is above the 50-day EMA and an RSI of 68. Moreover, it has risen above the descending channel; aspects that indicate a strong bullish trend. In the short term, it is likely to be range-bound between 1.1360 and 0.9710 as bulls gather enough momentum to retest the June high of 1.1785. On the other hand, a pullback past the aforementioned support level could see it drop to 0.8858 before rising further.

Poodlana pre-sale is in the last 100 hours

While SUI has been one of the trending cryptos in the recent sessions, there is a bigger hype in one of the newest projects – PoodlenaWith all the facts and excitement surrounding it, it could well become the biggest Solana listing of 2024, possibly even surpassing Dogecoin.

With less than 100 hours left before pre-sale ends, the project has already raised $6.76 million. In addition to its popularity as a meme coin, POODL’s status has been largely cemented by its association with luxury. It’s named after the Poodle, a breed of dog associated with high-end fashion, particularly in Asia. What’s more, it has branded itself as The Hermes of Crypto.

It is noteworthy that Poodlana buyers are optimistic that the uptrend will continue once trading begins an hour after the pre-sale ends. Granted, those who buy at the current price of $0.0499 have already locked in profits with the next phase price set at $0.0539. This means that with a modest investment of $150, you will get 3,006 tokens. Over the next 20 hours, that amounts to 2,782 tokens; a significant difference, right? You can learn more about the Poodlana token here.

Bitcoin Struggles Around $60,000

While the extreme fear of a week ago seems to have subsided, the hesitation is still pulverizable. As such, Bitcoin is struggling to break past the $60,000 zone in the first trading session of this week.

On a daily chart, it continues to trade below the 25 and 50 day EMAs. This confirms last week’s forecast of a dead cat bounce. In the short term, the range between 57,121 and 61,925 is worth watching.