In an intriguing analysis of the cryptocurrency market, Kaleo, a well-known analyst, pointed out striking similarities between the price movements of Sui, a Layer-1 altcoin , and those of Solana $172 in 2021. According to Kaleo, Sui appears to be assuming the role that Solana played during the last crypto bull cycle and could potentially achieve a similar momentum. The analyst also made bold predictions for Dogecoin $0.227829 and Bitcoin $102,676 , indicating a promising future for these three altcoins, as the current market structure shows technical signs supporting such assertions.
Sui’s Resemblance to Solana Grabs Attention
Kaleo shared charts highlighting how Sui’s performance over the past two years closely mirrors Solana’s trajectory during the 2020-2021 period. Solana famously surpassed the critical resistance of $55 in 2021, resulting in a 300% rise within three months. Analysts suggest a similar scenario might unfold for Sui.
Sui stands out among Layer-1 projects in the current cycle. Kaleo maintains that if Sui sustains its existing price structure, it could witness a short-term surge akin to Solana’s autumn 2021 rally. At the time of the analysis, Sui was priced at $4.04, and technical indicators pointed to further upward potential.
The role that Sui is establishing within the industry also bears a resemblance to Solana’s past position. Similar to how Solana was once seen as an alternative to Ethereum $2,562 , Sui might be following the same trajectory. However, it’s important to remember that every project has its unique dynamics, and outcomes may be limited to predictions.
Bold Predictions for Dogecoin and Bitcoin
Beyond Sui, Kaleo’s analysis also highlights Dogecoin’s noticeable price pattern similarities. The famous analyst claims that memecoins are making a comeback, and Dogecoin could reach $3 by the end of 2025. Achieving this figure would represent a significant leap from its current level of $0.239.
Expressing it is time to “pay attention to the king of memecoins again,” Kaleo suggests Dogecoin could shine again in the near future. Social media influence and community activity could trigger sudden and sharp changes in Dogecoin’s price.
Meanwhile, Kaleo paints an exceedingly optimistic picture for Bitcoin, asserting that despite short-term corrections, the largest cryptocurrency could climb to $200,000. The analyst believes the current market structure supports an upward trend, limiting large-scale pullbacks.
