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Solana Rival SUI Could Be In for Further Dramatic Collapse, According to Analyst Jason Pizzino – Here’s His Targets

dailyhodl.com 05 February 2025 08:10, UTC

Analytics

Cryptocurrency analyst and trader Jason Pizzino is warning that one Solana (SOL) competitor is at risk of a severe correction.

In a new video, Pizzino tells his 345,000 YouTube subscribers that Sui ($SUI) may be repeating a historic pattern that could lead to a collapse.

According to Pizzino, $SUI saw an overbalance in time and price following its collapse to a low of $2.38. Pizzino explains that the overbalance means $SUI went down longer in price and further in time than any corrective period it witnessed during this bull market.

With the current setup, the trader says $SUI may be following in the footsteps of its April to August 2024 price action when it initially crashed from about $2 to below $1 before witnessing another deep corrective move.

“[Sui is] trying to hold the 50% level similar to what it did last time [in April 2024]. Okay, that was a 58% decline into this freak bottom ($0.43 in August 2024). So see that dump into this level. It’s almost exactly the same guys.”

Source: Jason Pizzino/YouTube

He says if Sui cannot hold $2 as support on the daily chart it may dip to $1.60 or even lower, which would be in line with the 2024 pattern.

“So if you get these next couple of panic lows, I’d be looking somewhere around back to $1.60, maybe even $1.10, $1.20 at those previous tops, maybe back down into that zone [around $0.73]. But we won’t worry about those yet. Let’s see if it actually gets back down to the $2 level.”