Sui ADAM February 19, 2025 0 Comments

Is Sui Network (SUI) Repeating Solana’s (SOL) 2021 Bull Run Pattern?

The cryptocurrency market is abuzz with discussions around Sui Network (SUI), a rapidly growing Layer-1 blockchain. Over the past 12 months, SUI has recorded an impressive 75% surge, surpassing Solana (SOL), which gained 52% in the same period. This strong performance has led analysts to speculate whether SUI is following in Solana’s footsteps from the 2021 bull run.

Sui (SUI) vs. Solana (SOL): A Bullish Parallel?

A technical analysis of SUI’s price movement suggests that it might be mirroring Solana’s bullish breakout pattern from early 2021. Historical data shows that SOL initially experienced a strong uptrend, followed by a significant correction where it retraced to key support levels, including its moving average (MA). This phase allowed for strategic accumulation before SOL ultimately rebounded and broke resistance, leading to an explosive rally.

Similarities Between SUI and SOL Price Action

Currently, SUI appears to be following a similar trajectory. The token has undergone a correction, dipping below its moving average—marked as a crucial support zone—much like Solana did before its breakout. This pattern suggests that SUI could be poised for a strong bullish move if it maintains key support levels.

Key Resistance Levels to Watch

For SUI to confirm this bullish setup, it must break through the critical resistance range of $4.91–$5.37. If this level is breached successfully, it could trigger a parabolic rally, potentially pushing the token towards the $15–$16+ price range in the coming months.

Risk Considerations

While the similarities between SUI and SOL’s historical price action are compelling, market conditions remain unpredictable. If SUI fails to sustain its key support zones or drops below its moving average, this bullish outlook could be invalidated. Therefore, traders should exercise caution, implement risk management strategies, and closely monitor market trends before making investment decisions.

Conclusion

Sui Network’s price trajectory aligns closely with Solana’s 2021 bull run, fueling optimism for a potential breakout. If SUI successfully follows this pattern, it could witness significant upside in the near future. However, investors should stay informed and evaluate market conditions before taking any positions.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.