SUI Price Plunges on Network Outage, While Investors Eye Presale Altcoins

The SUI price has plummeted over 8% in the past 24 hours, hitting $3.40 as of 7:08 a.m. EST, as investors offload their crypto holdings amid a network outage.

SUI Network Outage Hurts Recovery

The sharp decline in SUI price coincides with a Sui network outage that has prevented block production for over an hour.

SUI Price Consolidation Phase

Prior to the outage, SUI price had entered a consolidation zone between $3.2924 and $3.8416, according to GeckoTerminal data.

Bullish Technical Signs Emerge

Despite the recent drop, technical indicators on SUI's 4-hour chart suggest that buyers are chipping away at sellers' advantage.

• Rising Relative Strength Index (RSI) signals growing bull strength
• Ascending Moving Average Convergence Divergence (MACD) Histogram indicates less negative momentum

Pepe Unchained Presale Gains Traction

As the SUI price attempts to recover, investors are flocking to the presale for layer-2 meme coin Pepe Unchained (PEPU).

Pepe Unchained Features and Potential

Pepe Unchained aims to revolutionize the meme coin space with its:

• Layer-2 capabilities for enhanced speed and reduced fees
• Native blockchain network to elevate the Pepe brand
• Developer grant program for Web3 app innovation
• Launchpad for token creation
  *Analyst from 99Bitcoins YouTube channel predicts 100X price surge after launch

Speculation of Binance or Coinbase Listing

Pepe Unchained has raised over $40 million in its ICO, fueled by speculation that the coin will be listed on major crypto exchanges like Binance or Coinbase.

Presale Opportunity

With just under 22 days remaining until Pepe Unchained's launch, investors seeking early access can acquire PEPU at a discounted price of $0.01295 through the project's website.