SUI, HBAR, and USUAL Price Analysis for Dec. 24

NAIROBI (CoinChapter.com)— SUI, HBAR, and USUAL have drawn attention across the crypto market with major developments, strategic moves, and price shifts.

SUI Gains Momentum Through Ecosystem Growth

SUI has gained attention through its recent partnerships, including Circle’s Cross-Chain Transfer Protocol (CCTP) for USDC transfers across blockchains and Arkham for improved on-chain data analytics.

Arkham partners with Sui for blockchain data integration. Source: X

The network handled over 7.5 billion transactions in 2024, with transaction fees remaining lower than Ethereum and Solana. It also surpassed $40 billion in decentralized exchange (DEX) volume, further boosting its use case.

SUI forecasted to exceed $25 by analyst. Source: X

Price-wise, SUI achieved a 530% year-to-date gain, hitting an all-time high of $4.93. Analysts, including Joshua Orhue, predict SUI could reach $1 by Q1 2025, with targets as high as $25 by year’s end.

HBAR Breaks Out: Bullish Flag Signals 50% Rally Potential

Hedera’s HBAR token has broken out from a bullish flag pattern, signaling a potential rally of 40-50%. Analyst WorldOfCharts highlighted the breakout on social media, pointing to the possibility of further upward momentum in the coming days.

HBAR bullish flag breakout hints 40-50% rally. Source: X

The breakout above $0.30 reflects a shift in momentum, supported by strong buying pressure. The chart indicates a clear breakout from the flag formation, typically a bullish continuation pattern. The Relative Strength Index (RSI) has climbed above 60, signaling increased buying activity.

Additionally, the Average True Range (ATR) suggests growing volatility, further validating the breakout.

HBAR/USD 1-day price chart. Source: TradingView

Resistance near $0.35 remains the next critical target, with the breakout suggesting a possible test of this level. However, should momentum waver, a pullback to the lower trendline of the flag or the $0.30 region could act as a retest zone, offering traders a potential entry point for the next leg upward.

USUAL Expands DeFi Potential with Major Backing

USUAL, the governance token of the Usual protocol, surged 15% after Binance Labs disclosed a $10 million investment co-led with Kraken Ventures. The funding aims to reshape the stablecoin market, leveraging real-world asset backing for its USD0 stablecoin.

USUAL/USD 1-month price chart. Source: CoinMarketCap

USUAL’s market cap surpassed $620 million just weeks after its launch, with $1 billion in trading volume recorded within 24 hours. Its partnerships with Ethena and Securitize integrate traditional finance, allowing assets like USDtb to be used as collateral for USD0.

The Usual protocol debuted as the 61st project on Binance Launchpool, enabling users to stake BNB or FDUSD to earn USUAL tokens.

SUI, HBAR, and USUAL stand at the crossroads of innovation and market activity, offering compelling narratives for those watching closely.