#SUIš„ SUI might be following SOL's legendary 2021 path, according to a historical fractal comparison. Here's what's happening ¹:
- *Similarity in Correction Depth*: Both SOL and SUI experienced significant corrections, with SOL dropping 69% and SUI dropping 65%.
- *Recovery Structure*: Both assets bounced back after a multi-month downtrend, potentially setting up for a parabolic rally.
- *Market Cap Comparison*: If SUI follows SOL's path, its market cap could surge to $81.6 billion, translating to a price of around $23.
Some key similarities between SUI and SOL include ²:
- *Total Value Locked (TVL)*: SUI's TVL is $1.6 billion, significantly higher than SOL's $150 million in 2021.
- *Growth*: SUI has surged 381% this year, outpacing SOL's 138% gain in 2021.
However, there are also some differences ³:
- *Market Cap*: SUI's market cap is $11.76 billion, already higher than SOL's during its growth phase.
- *Bitcoin Dominance*: SUI is rallying despite increasing Bitcoin dominance, which could impact its price momentum.
Predictions for SUI's price vary, with some analysts suggesting:
- *$9-$10+ range*: If SUI breaks out past the $4.91-$5.37 resistance zone.
- *$15-$16+ range*: If the SOL-like pattern plays out.
Keep in mind that cryptocurrency investments are speculative and volatile. Always do your research and consider multiple sources before making investment decisions ā“ āµ.#