Analyst Sees One Altcoin Mirroring Solana’s 2021 Explosion, Unveils Massive Upside Target for Dogecoin
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 lead...