Is SUI's "turning point" here? On-chain data reveals key signals.

The market has indeed been a bit bleak this week: BTC and ETH both fell, with ETH even crashing 12% below $4000. SUI was not spared either, dropping 13% for the week, showing no signs of improvement.

But there is a detail worth pondering here - an interesting fractal pattern has appeared on SUI's chart, and the historical reference of this pattern is extremely intriguing.

The Legend of SOL in 2021, is SUI repeating it?

Looking back at the historical data, you will find that Solana had a classic trend in 2021: it oscillated repeatedly within a descending triangle range for a long time, hovering around $30 for quite a while. It wasn't until it regained the 50-day moving average that it exploded—starting from there, it surged to $260, with a staggering increase of +750%.

Strangely, the current form of SUI is almost identical to that of SOL back in the day. The same descending triangle pressure, the same repeated confirmations at the support level, and the price is also stuck at a similar position. If history has any reference value, then the signal this time clearly means something.

What will happen next?

If the fractal continues to go down:

• Step 1: SUI breaks the downward trend line + stands above the 50-day moving average
• Step Two: Start the real upward wave
• First Target: around $10 (from the current price, it looks like there is approximately +200% potential)

Of course, fractal patterns are not crystal balls, and past patterns do not necessarily repeat. But this level of historical similarity is indeed enough to make one sit up and take a look.

For long-term holders, this might be an interesting position right now - either wait or try a small position and test your luck. But remember: any trading decision comes with risks that you must bear yourself; this is just the chart speaking.