Blog ADAM February 19, 2025 0 Comments

Is Sui Network (SUI) on the Path of Solana (SOL) from the 2021 Bull Run?

Sui Network (SUI), a rising Layer-1 blockchain, has captured investor attention with its remarkable price performance, despite recent corrections. Over the past year, SUI has surged by more than 75%, outpacing its Layer-1 rival, Solana (SOL), which recorded a 52% gain in the same timeframe.

SUI’s Price Action Hints at a Solana-Like Breakout

Recent price movements suggest that SUI might be mirroring the bullish trajectory of Solana during the 2021 crypto bull run. Could this mean a massive breakout is on the horizon? Let’s analyze the trends.

SUI vs. SOL:

Similar Price Trends Emerging?

A technical comparison of SUI and SOL on the 1-day timeframe highlights notable similarities. Just like Solana in early 2021, SUI has exhibited a strong uptrend followed by a deep correction. This pattern previously allowed SOL to establish a solid support base before skyrocketing into a parabolic rally.

![SUI vs. SOL Price Chart] (Source: TradingView)

Examining Solana’s historical price action, the asset initially surged before entering a crucial accumulation phase. During this retracement, SOL found support at key moving averages, attracting strong buying interest. Once SOL reclaimed momentum and broke through its resistance zone, it triggered a massive upward rally.

Similarly, SUI has recently corrected and bounced from a key moving average level—just as Solana did before its explosive breakout in early 2021. This suggests that SUI could be setting up for a similar bullish move.

Key Levels to Watch for SUI’s Breakout

If SUI continues to replicate Solana’s past trajectory, a breakout above the critical resistance zone at $4.91–$5.37 could set the stage for a major rally. A successful breakout could propel SUI toward the $15–$16+ range in the coming months, aligning with historical patterns.

Caution:

Market Risks and Potential Downside

While this analysis presents a strong bullish case for SUI, investors should exercise caution. If SUI fails to sustain key support levels or drops below its moving average, the bullish scenario may be invalidated. Traders should always implement proper risk management strategies when making investment decisions.

Final Thoughts

Sui Network’s recent price movements indicate strong similarities with Solana’s pre-rally phase in 2021. If this pattern continues, SUI could be poised for a significant breakout. However, traders should closely monitor key technical levels and market conditions before making any moves.