Date: Mon, April 07, 2025 | 08:10 AM GMT
The cryptocurrency market today is facing the heaviest drop of this year due to the ongoing tariffs war initiated by Donald Trump, which has also caused a major decline across global markets. The price of Bitcoin (BTC) and Ethereum (ETH) have suffered 9% and 18% drops in the last 24 hours.
Among the altcoins, Sui (SUI) is down over 18% today, extending its 90-day correction to a painful 65%. However, beneath the surface of this selloff, a surprisingly optimistic pattern is emerging—one that strongly mirrors Algorand’s (ALGO) 2021 bull run structure.
SUI’s Chart Mirrors ALGO’s Past Price Behavior
A side-by-side comparison of SUI’s current price action with ALGO’s historical chart from late 2020 to early 2021 reveals a near-perfect fractal repetition — and it might be signaling a big opportunity for early buyers.
The chart comparison between ALGO and SUI highlights a striking similarity in structure, timing, and behavior. ALGO experienced a 62% correction over 182 days, followed by an explosive rally of over 270% after bouncing from the green support box.
Now, SUI has just completed a nearly identical 67% drop over the same 182-day period — landing right in the major support zone around the $1.60–$1.94 area, also marked in green. If SUI follows the same path, this support zone could very well be a golden opportunity to accumulate before a potential breakout.
SUI is currently trading around its 50-week moving average, just like ALGO did before it began its rally. Both charts show a strong upward trend, a deep correction, and a consolidation phase near a key support level that was previously resistance. The visual symmetry is too precise to ignore.
If SUI continues to mirror ALGO’s fractal, this may mark the end of its correction phase and the start of a potential bullish reversal. The current setup resembles a classic re-accumulation zone — historically a launchpad for strong breakouts.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.