Is Sui (SUI) Set for a Bullish Reversal? Chart Suggests Similarity to Solana’s Breakout

The cryptocurrency market is experiencing a significant pullback, with Bitcoin (BTC) and Ethereum (ETH) dropping over 6% and 9%, respectively, in the past 24 hours. This correction has resulted in more than $1.11 billion in liquidations, with long positions bearing the brunt of the losses. The broader market weakness is impacting even Layer-1 token Sui (SUI), which is currently down over 10%. 💰 However, beneath the current decline, a potentially interesting chart pattern suggests that SUI may be mirroring Solana’s (SOL) bullish breakout in late 2024.