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A widely followed crypto strategist thinks that one layer-1 platform is closely following in 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) price action over the last two years looks very similar to SOL’s 2020-2021 market structure.
In 2021, Solana exploded and rallied by about 300% in just three months after shattering its resistance at $55.
Says Kaleo,
“SUI looks primed for a move similar to the one SOL made in the Fall of 2021.
SUI has been the emerging layer-1 market leader this cycle, similar to what SOL was then.
If current structural similarities continue to play out, things are about to get fun.”
Looking at the trader’s chart, he seems to suggest that SUI is close to skyrocketing and printing new all-time highs.
At time of writing, SUI is trading for $4.04.
Kaleo is also bullish on the leading memecoin Dogecoin (DOGE). The analyst shares a chart suggesting that Dogecoin may be repeating its 2018-2021 market structure.
“It’s finally time to pay attention again to the king of memes.”
Based on the chart, Kaleo believes that DOGE will soar to $3 before 2025 expires. At time of writing, DOGE is worth $0.239.
As for Bitcoin, the trader sees BTC running close to $200,000 with short and shallow pullbacks.
“Up only from here fellas.”
At time of writing, Bitcoin is worth $103,868.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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