Cryptocurrency analyst and trader Jason Pizzzin warns that one Solana (SOL) competitor is at risk of serious correction.
In a new video, Pizzino tells His 345,000 YouTube subscribers that Sui (Sui) may repeat a historical pattern that can lead to a collapse.
According to Pizzino, Sui saw an overbalans in time and price after his collapse to a low of $ 2.38. Pizzino explains that the overbalans means that Sui fell longer in price and further on time than any corrective period it saw during this bullmarkt.
With the current set -up, the trader says that Sui may be in the footsteps of the price action from April to August 2024 when it initially crashed from about $ 2 to less than $ 1 before he witnessed a new deep corrective movement.
‘[Sui is] try to keep the 50% level comparable to what it did last time [in April 2024]. Okay, that was a decrease of 58% in this soil ($ 0.43 in August 2024). So see that dump in this level. They are almost exactly the same guys. “
He says that if sui cannot keep $ 2 as support on the daily graph, this can fall to $ 1.60 or even lower, which would be in accordance with the 2024 pattern.
“So if you get this next few panic low points, I would look back somewhere to $ 1.60, maybe even $ 1.10, $ 1.20 with those previous tops, maybe back in that zone [around $0.73]. But we will not worry about that yet. Let’s see if it actually returns to the level of $ 2. “
Sui acts for $ 3.60 at the time of writing, an increase of 14% in the last 24 hours.
https://www.youtube.com/watch?v=YH8K-odq5ps
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