- SUI’s current price structure mirrors NEAR’s 2021 rally, showing early breakout signs.
- Both NEAR and SUI show the same technical formations, suggesting future gains.
- SUI’s breakthrough might increase upward momentum by following NEAR’s 2021 trajectory.
SUI’s 2024–2025 price movement is very similar to NEAR’s 2020–2021 price trend. Because both tokens display important technical patterns throughout comparable market stages, this correlation has drawn attention.
SUI and NEAR’s Price Movements Align
The price behavior of both tokens follows parallel structures, with each showing a sharp rise, a rounded top, and a subsequent multi-month downtrend. SUI’s price action begins with steady upward momentum from mid-2024, followed by a peak in late 2024.
After the peak, SUI enters a downtrend, with lower lows forming a descending wedge pattern. Once SUI touches the third lower low, a breakout is projected, signaling a potential upward move, similar to NEAR’s previous behavior.
During NEAR’s market cycle from 2020 to 2021, it too followed an almost identical trajectory, with a parabolic rise, a rounded top, and a subsequent downtrend. Following its third touch of the descending support line, NEAR price experienced a sharp breakout that led to a significant rally throughout 2021, surpassing its previous highs.
SUI’s price behavior over 2024–2025 seems to be closely following NEAR’s pattern, especially in its current phase. The descending wedge structure SUI is forming is nearly identical to the one seen in NEAR’s downtrend phase before its breakout in 2021. Based on this technical correlation, SUI might be preparing for a similar recovery, signaling the potential for significant upward momentum in the coming months.
SUI’s Projected Path Shows High Correlation with NEAR’s Recovery
According to market analyst CryptoBullet, the structure of SUI’s price action is remarkably similar to NEAR’s recovery in 2021. CryptoBullet points out that after NEAR’s breakout in June 2021, the token saw substantial gains, reaching a local high of over $20 before retracing. SUI is currently showing early signs of following the same pattern, with its price breaking above the descending resistance line, indicating the potential for a strong rally soon.
CryptoBullet emphasizes the consistency in both tokens’ price movements, suggesting that SUI may replicate NEAR’s recovery, despite differing price scales. This correlation focuses purely on technical structure and not on market fundamentals, as external factors like macroeconomic data are excluded from this analysis.
