Rally

Solana

Avalanche

Higher

<p>Crypto analyst Alex Clay has highlighted price similarities between SUI and <a href="https://captainaltcoin.com/solana-whales-on-the-move-sol-price-eyes-new-ath-amid-etf-filing/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> tokens.</p>
<p>Through a technical analysis shared on X, Clay suggests SUI’s current price movement mirrors SOL’s trajectory before its 2021 surge past the $5 mark.&nbsp;The analysis compares both tokens’ behavior around this specific price point.</p>
<h2 class="wp-block-heading" id="strong-market-performance-and-technical-patterns-strong"><strong>Market Performance and Technical Patterns</strong></h2>
<p>SUI token <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">trades around $3.84</a> on monthly charts, showing a consistent pattern of higher lows. The token maintains an upward momentum as it approaches the $5 threshold.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/SUI?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SUI</a> vs. <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SOL</a> comparison<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Pay attention to what <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> did after crossed through 5$<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/261d.png" alt="☝" class="wp-smiley" style="height: 1em; max-height: 1em;"> Went absolutely wild<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> is now SOL back in 2021 <br><br>Just wait for <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> to cross into the Bullish Territory<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f403.png" alt="🐃" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/SSgTF6LruP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SSgTF6LruP</a></p>— Alex Clay (@cryptclay) <a href="https://twitter.com/cryptclay/status/1864377884552421816?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The current price action forms a base between $3.00 and $3.50, establishing a support zone that strengthens the overall market structure. The comparative analysis puts <a href="https://captainaltcoin.com/can-sui-price-skyrocket-to-4-70-soon-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow">SUI’s present market position</a> in perspective with SOL’s historical data.&nbsp;</p>
<p>SOL demonstrated a prolonged consolidation phase below $5 before breaking through this level in early 2021. This breakthrough led to a value increase of around 4,800%, pushing SOL above $240.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/avalanche-avax-poised-for-higher-highs-if-price-reclaims-this-key-level/" target="_blank" rel="noopener noreferrer nofollow"><em>Avalanche (AVAX) Poised for Higher Highs If Price Reclaims This Key Level</em></a></p>
<h2 class="wp-block-heading" id="strong-historical-context-and-market-data-strong"><strong>Historical Context and Market Data</strong></h2>
<p>Clay’s analysis on X emphasizes the $5 price point as a defining threshold for both tokens. SOL’s past performance serves as a reference point for understanding potential market behavior.&nbsp;</p>
<p>The data shows <a href="https://bravenewcoin.com/insights/solana-price-prediction-analysts-see-450-before-year-end" target="_blank" rel="noopener noreferrer nofollow">SOL’s sustained momentum</a> after crossing the $5 mark transformed this resistance level into reliable support. Market observers note distinct environmental factors between the two scenarios.&nbsp;</p>
<p>SOL’s dramatic price increase occurred during the 2021 crypto bull market. The broader market conditions of 2024-2025 will play a role in SUI’s future price action.&nbsp;</p>
<p>The token displays a shorter trading history compared to SOL’s extended consolidation period before its breakthrough.</p>
<p>The comparative study presents objective market data without guaranteeing future outcomes. Clay’s analysis provides technical insights based on historical price patterns while acknowledging the different market environments.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/sui-price-eyes-5-analysis-reveals-parallels-with-solanas-sol-2021-rally/" rel="noopener noreferrer nofollow">SUI Price Eyes $5: Analysis Reveals Parallels with Solana’s (SOL) 2021 Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Price Eyes $5: Analysis Reveals Parallels with Solana’s (SOL) 2021 Rally

Table of Contents

CaptainAltcoin

Other articles published on Dec 5, 2024

Floki Postpones Valhalla Mainnet Launch to Early 2025

BTC price can surge 43% before 'bubble' as Bitcoin market cap hits $2T

No blockchain can be a ‘lonely island’ — Emurgo exec

Ex-Celsius CEO Alex Mashinsky Pleads Guilty in Major Crypto Fraud Case

XRP Futures See Decline On Top Exchanges, Liquidation Looms

Qubetics Hits $4.3M Presale Milestone, Is This One of the Best Altcoins to Buy for 2025? While Et...

Join our free newsletter for daily crypto updates!