SUI Faces Potential Collapse Amid Historical Patterns, Solana Analyst Warns
by aria-crypto.com
February 5, 2025 at 02:14
SUI Faces Potential Collapse Amid Historical Patterns, Solana Analyst Warns
Cryptocurrency expert Jason Pizzino has issued a warning about SUI, a competitor to Solana, predicting a possible severe price correction. Pizzino shared his analysis with his 345,000 YouTube followers, highlighting that SUI may be mirroring its past price actions from April to August 2024, where it plummeted significantly. He noted that SUI is currently attempting to maintain support at the $2 level, similar to its previous pattern. However, if it fails to sustain this, SUI could drop further to as low as $1.60 or even lower, potentially reaching previous lows around $0.73. At the time of his analysis, SUI's price was $3.60, showing a 14% increase in the last 24 hours, yet the potential for a dramatic decline looms if the historical pattern repeats.
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