Jason Pizzino, a cryptocurrency analyst and merchant, warns that a solana (sol) competitor is at risk of serious correction.
In a new video, Pizzino says that 345,000 YouTube subscribers can repeat historical patterns that can lead to the collapse of SUI (SUI).
According to Fiji, Sue had excessive balance of time and price after collapse and collapsed at the lowest level of $ 2.38. Pizzino explains that the majority of balance has fallen longer than the modification period witnessed in the bull market.
With the current setting, the Trader said that the SUI could follow the footsteps from August to August 2024 to August 2024.
“(SUI) is trying to maintain 50% similar to the last time (April 2024). Okay, it has a 58% decrease in this monster floor ($ 0.43 in August 2024). So see this dump at this level. It’s almost the same person. ”
He says that if the SUI cannot hold $ 2 by daily chart, it will match the 2024 pattern to fall below $ 1.60.
“So if you get the following two panic lows, I can go back to $ 1.60, even $ 1.10, $ 1.20, perhaps $ 0.73). But we will not worry about them yet. Let’s see if it actually returns to $ 2. ”
SUI is trading at $ 3.60 at the time of writing and has increased 14% over the last 24 hours.
https://www.youtube.com/watch?v=yh8k-odq5ps
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