Cryptocurrency analyst and trader Jason Pizzino is warning that one Solana (SOL<\/a>) competitor is at risk of a severe correction.<\/p>\n In a new video, Pizzino tells<\/a> his 345,000 YouTube subscribers that Sui (SUI<\/a>) may be repeating a historic pattern that could lead to a collapse.<\/p>\n According to Pizzino, SUI saw an overbalance in time and price following its collapse to a low of $2.38. Pizzino explains that the overbalance means SUI went down longer in price and further in time than any corrective period it witnessed during this bull market.<\/p>\n With the current setup, the trader says SUI may be following in the footsteps of its April to August 2024 price action when it initially crashed from about $2 to below $1 before witnessing another deep corrective move.<\/p>\n \u201c[Sui is] trying to hold the 50% level similar to what it did last time [in April 2024]. Okay, that was a 58% decline into this freak bottom ($0.43 in August 2024). So see that dump into this level. It\u2019s almost exactly the same guys.\u201d<\/em><\/p>\n He says if Sui cannot hold $2 as support on the daily chart it may dip to $1.60 or even lower, which would be in line with the 2024 pattern.<\/p>\n \u201cSo if you get these next couple of panic lows, I\u2019d be looking somewhere around back to $1.60, maybe even $1.10, $1.20 at those previous tops, maybe back down into that zone [around $0.73]. But we won\u2019t worry about those yet. Let\u2019s see if it actually gets back down to the $2 level.\u201d<\/em><\/p>\n SUI is trading for $3.60 at time of writing, up 14% in the last 24 hours.<\/p>\n![\"\"](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/02\/pizzino1.jpg\")
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