The Solana Sui competitor can be more dramatic collapse, according to analyst Jason Petzo – here are his goals.
Crystone analyst Jason Bizo warns that one of the Solana competitor (SOL) is at risk of severe correction.
In a new video, pizzino Recount Its 345,000 subscribers may repeat YouTube subscribers that SUI (SUI) is a historical style that can lead to collapse.
According to Pizzino, SUI has witnessed time and prices after collapsing to $ 2.38. Zeno explains that excessive balance means that SUI has decreased longer in price and more at more than any corrective period witnessed during this bull market.
With the current preparation, the trader says that SUI may follow in the footsteps taking price action from April to August 2024 when it initially collapsed from about $ 2 to less than one dollar before it witnessed another deep corrective step.
“[Sui is] Trying to maintain a 50 % level similar to what you did the last time [in April 2024]. Well, that was 58 % decreased at the bottom of this bottom ($ 0.43 in August 2024). So look at this emptying at this level. It is exactly the same players. “
He says if SUI could not get two dollars as support on the daily chart, it may decrease to $ 1.60 or even less, which will be compatible with the 2024 style.
Therefore, if you get these two following two qatin, I will search somewhere again to $ 1.60, and perhaps up to $ 1.10, $ 1.20 in those previous summits, and perhaps return to that area [around $0.73]. But we will not worry about these yet. Let’s see whether it is actually returning to two dollars. “
Sui is trading for $ 3.60 at the time of writing this report, an increase of 14 % in the past 24 hours.
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