- Analysts have predicted that Sui could outperform Solana and XRP in 2025 due to the break out from an inverse Head and Shoulders pattern.
- Another analyst has predicted that the asset would stage a rebound to hit $15 in the first quarter of 2025.
Sui remains one of the best-performing cryptos in the current cycle, surging by 165% in the last 90 days. Meanwhile, the CEO of Real Vision, Raoul Pal, believes that the asset could continue this rally and outperform XRP and SOL in the rest of the cycle.
According to him, Sui is breaking out from an inverse Head and Shoulders pattern to renew its uptick. Amid the backdrop of this, SOL could also record an incredible run, according to the analyst.
Solana is a more proven, second-cycle protocol, and it is likely to perform well. But SUI, which is newer and riskier, looks like it will provide the alpha during this phase of the market…We’ve hit the bottom of the trend channel for SUI, and it’s likely to outperform XRP going forward.
XRP, on the other hand, is reported to be building a series of wedges that could position it for an upsurge. According to Pal, XRP is breaking out of a seven-year downtrend.
The massive 7-year wedge has broken on XRP’s weekly chart, and it’s unclear where this could go. It’s very powerful.
Sharing his ultimate investment strategy, Pal highlighted the importance of concentration compared to diversification. According to him, spreading funds across several cryptos leads to underperformance. To take advantage of the bull run, Pal highlighted the importance of concentrating 80% to 90% of the portfolio on main tokens such as Solana, Ethereum, and Bitcoin.
Sui Investment Strategy
According to the analyst, investors should allocate a smaller portion of their assets to highly potential assets like Sui. Per his experience, meme coins could form a riskier portion of the portfolio; however, investors must be prepared for potential losses.
You’ll have fun with meme coins, but they are likely to rekt you.
Sui is currently trading at $4.2 after surging 7.2% in the last 24 hours. Meanwhile, its daily price chart shows an impulsive Elliott Wave structure, with the last wave peaking at $5 on December 16. From this level, the price entered the corrective phase, with Fibonacci levels showing retracement to $4.16, $3.67, and $3.28.
Supporting this trend, the Relative Strength Index (RSI) of the asset was showing signs of bearish divergence. Fascinatingly, an analyst identified as JoshuaOrhue.sui has predicted that Sui could hit $15 by the first quarter of 2025. Another analyst called Greny also believes that the asset could hit $25.
SUI is an altcoin I believe has the potential to surpass many others: $25+ is quite attainable.
Earlier, analyst Michael van de Poppe disclosed that Sui is the best thing to buy.
This is still my sweet spot for #Bitcoin.
If you’re trading, probably when Bitcoin corrects, best thing to buy are trending coins.
– Memes
– $GRASS
– $SUI & $SEI pic.twitter.com/LRMYRmAXua— Michaël van de Poppe (@CryptoMichNL) November 17, 2024
