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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.”
Source: Kaleo/X
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.”
Source: Kaleo/X
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.”
Source: Kaleo/X
At time of writing, Bitcoin is worth $103,868.
