- SUI’s head-and-shoulders breakdown suggests a possible 20–25% drop except bulls reclaim $3.10; an ascending triangle provides a shot at $4.10 if reversed.
- SOL’s descending triangle sample factors to a potential breakdown to $110, with weak RSI and resistance capping upside strikes.
- SUI might have higher restoration potential than Solana, relying on whether or not key assist zones maintain and entice patrons again in.
Layer-1 tokens like Sui (SUI) and Solana (SOL) haven’t had the very best begin to June. SUI’s down about 14.5% to this point, and SOL has shed 6.5%—each underperforming a lot of the altcoin market. And primarily based on how the charts are shaping up, issues would possibly get a bit rougher earlier than they get higher.
Let’s unpack what’s occurring with these two Ethereum rivals—and whether or not there’s a shot at a bounce later down the road.
SUI Might Dip One other 20% If Bears Keep in Cost
In line with analyst NebraskanGooner, SUI’s setup is trying… not nice. He pointed to a head-and-shoulders sample that’s now damaged down, which tends to be a foul omen for costs. “Rejected key resistance and now again under the 99 SMA,” he famous, including that issues are lining up for a potential drop to the $2.20 space.
After failing to carry above $3.25, SUI slipped again underneath its 99-day shifting common. That rejection coincides with the H&S breakdown, and primarily based on technicals, we’d see one other 20–25% drop from present ranges by July.
Now, if bulls handle to flip the $3.00–$3.10 vary again into assist, that’d throw a wrench within the bearish setup. The truth is, it might sign a shift to a broader ascending triangle construction—which tends to be bullish. If that performs out, SUI would possibly rally towards $4.10, which might be a strong 45% bounce from the place we’re at now. However once more, that’s if it may well reclaim misplaced floor.
Solana’s Chart Factors to a Potential Breakdown to $110
Solana’s not trying too sizzling both. It’s caught inside a descending triangle—a bearish setup—with its assist hovering between $142 and $145. Proper now, it’s clinging simply above that assist zone, however the decrease highs from Could are including strain.
If worth breaks under that base, the sample suggests SOL might fall to round $110—a 25% haircut. Including to the bearish tone, SOL’s buying and selling underneath each its 50-day and 200-day exponential shifting averages, whereas the RSI hovers weakly at 43. That’s not a ton of bullish power.
Nonetheless, there’s a slight likelihood issues flip. If SOL bounces off that assist cleanly, the triangle would possibly really morph right into a falling wedge—a reversal sample, not a continuation one. In that case, SOL might goal $173.65, a 17% upside from right here. However that bounce must be convincing.
TL;DR? SUI’s Bought Extra Upside Potential—If It Can Dangle On
Each SUI and SOL are going through their fair proportion of bearish strain proper now. However SUI’s chart reveals extra flexibility—if patrons step in. Solana, then again, wants a clear bounce quick, or the trail to $110 is vast open.