The SUI chart reveals a clear cup and handle pattern, which typically signals the end of a downtrend and the beginning of an upward movement. The cup formation shows a rounded bottom, suggesting a gradual transition from bearish to bullish sentiment during a lengthy consolidation phase. Following this, the handle appears as a smaller dip after the initial upward trend, indicating a brief consolidation before a potential breakout.

Comparing Market Caps: SUI vs. Solana

The SUI price action shows a smooth upward trajectory from around $0.40, steadily climbing to current levels near $2. While Solana’s market cap stands at $72 billion, SUI’s current market cap is $5.2 billion. The analyst notes that SUI’s recent break of its all-time high and subsequent support retest stands out, as similar patterns are not currently visible in other top-20 cryptocurrencies.

LEO predicts that, based on the current settings, SUI can reach Solana’s market cap this bull run.

The rounded bottom formation and steady handle development suggest continued strength in the current trend. The analyst’s chart indicates potential for further upward movement, based on the successful completion of these technical patterns.

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