A extensively adopted crypto strategist thinks that one layer-1 platform is carefully following within the footsteps of Solana’s (SOL) 2021 bull market rampage.
Pseudonymous analyst Kaleo tells his 698,600 followers on the social media platform X Sui’s (SUI) value motion over the past two years appears similar to SOL’s 2020-2021 market construction.
In 2021, Solana exploded and rallied by about 300% in simply three months after shattering its resistance at $55.
Says Kaleo,
“SUI appears primed for a transfer much like the one SOL made within the Fall of 2021.
SUI has been the rising layer-1 market chief this cycle, much like what SOL was then.
If present structural similarities proceed to play out, issues are about to get enjoyable.”
Wanting on the dealer’s chart, he appears to recommend that SUI is near skyrocketing and printing new all-time highs.
At time of writing, SUI is buying and selling for $4.04.
Kaleo can be bullish on the main memecoin Dogecoin (DOGE). The analyst shares a chart suggesting that Dogecoin could also be repeating its 2018-2021 market construction.
“It’s lastly time to concentrate once more to the king of memes.”
Primarily based on the chart, Kaleo believes that DOGE will soar to $3 earlier than 2025 expires. At time of writing, DOGE is price $0.239.
As for Bitcoin, the dealer sees BTC working near $200,000 with quick and shallow pullbacks.
“Up solely from right here fellas.”
At time of writing, Bitcoin is price $103,868.
Observe us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
