A few days ago, I was very positive about $LAYER and thought it was a solid project. Just like a few weeks ago, I believed $OM was the future. But watching these top coins fall has made me rethink—$SUI might be next to follow the same path.
SUI is now showing a pattern very similar to LAYER. Just after LAYER hit its ATH, it dropped sharply—and now SUI is approaching its ATH too. Historically, the last time SUI broke its ATH, it dropped by 63%.
It’s quite normal for a coin to pull back after an all-time high due to profit-taking. But when a coin crashes too hard—like OM—and seems like it may never recover, it's important to manage risk wisely.
SUI is currently down 50% from its ATH. It may take time to recover, as there’s strong resistance around 4.0950. A clear break and hold above this level could signal a new ATH.
However, there's also a chance it could bounce back down from that point—so zoom into lower timeframes to get a better read on price action and plan accordingly.