- SUI surged 11% as crypto markets recovered from 'Black Monday' caused by Trump's tariff policies, with Bitcoin and Ethereum also posting 3-4% gains.
- Crypto analyst CryptoBullet identifies a fractal pattern where SUI's current price structure mirrors NEAR Protocol's 2021 setup that preceded a 1000% rally to $20.
- Both tokens experienced aggressive corrections followed by three consecutive lower lows, with SUI now attempting a breakout above its descending trendline.
- If the historical pattern holds, analysts believe SUI could rally toward double-digit levels, potentially pushing beyond $10-$12.
Date: Tue, April 08, 2025 | 10:45 AM GMT
After facing a brutal “Black Monday” triggered by Trump’s new tariff policies, the crypto market is showing signs of life again. Both Bitcoin (BTC) and Ethereum (ETH) have bounced back, rising 3% and 4% respectively.
Among altcoins, Sui (SUI) is stealing the spotlight with a sharp 11% surge, and if a key fractal pattern holds true—this could just be the beginning.
SUI Chart Mirrors NEAR’s Past Price Behavior
According to prominent crypto analyst CryptoBullet, SUI’s current price structure mirrors that of NEAR Protocol’s legendary run in 2021. The analyst pointed out that both tokens experienced aggressive corrections followed by three consecutive lower lows—a setup that often precedes major trend reversals.
Back in 2021, NEAR followed this exact pattern. After a sharp -80% correction, it bounced back and entered a parabolic rally. Interestingly, NEAR’s price went on to surge over 1000%, eventually reaching a peak near $20.
SUI is now showing a nearly identical structure on the chart. It has already formed its third lower low and is attempting a breakout above the descending trendline. If it continues to follow NEAR’s path, analysts believe a major rally toward double-digit levels could be on the horizon—potentially pushing the token well beyond $10-$12.
Final Thoughts
While the chart comparison is striking, it’s important to remember that past performance doesn’t guarantee future results. Market sentiment, macro conditions, and project developments will play key roles in SUI’s next move. Still, with momentum building and a historical fractal backing the bullish thesis, SUI is definitely a token to watch closely in the coming weeks.
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