Analyst Sees One Altcoin Mirroring Solana’s 2021 Explosion, Unveils Massive Upside Target for Dogecoin

A widely followed crypto strategist thinks that one layer-1 platform is closely following in the footsteps of Solana’s (SOL) 2021 bull market rampage.

Pseudonymous analyst Kaleo tells his 698,600 followers on the social media platform X Sui’s (SUI) price action over the last two years looks very similar to SOL’s 2020-2021 market structure.

In 2021, Solana exploded and rallied by about 300% in just three months after shattering its resistance at $55.

Says Kaleo,

“SUI looks primed for a move similar to the one SOL made in the Fall of 2021.

SUI has been the emerging layer-1 market leader this cycle, similar to what SOL was then.

If current structural similarities continue to play out, things are about to get fun.”

Source: Kaleo/X

Looking at the trader’s chart, he seems to suggest that SUI is close to skyrocketing and printing new all-time highs.

At time of writing, SUI is trading for $4.04.

Kaleo is also bullish on the leading memecoin Dogecoin (DOGE). The analyst shares a chart suggesting that Dogecoin may be repeating its 2018-2021 market structure.

“It’s finally time to pay attention again to the king of memes.”

Source: Kaleo/X

Based on the chart, Kaleo believes that DOGE will soar to $3 before 2025 expires. At time of writing, DOGE is worth $0.239.

As for Bitcoin, the trader sees BTC running close to $200,000 with short and shallow pullbacks.

“Up only from here fellas.”

Source: Kaleo/X

At time of writing, Bitcoin is worth $103,868.

Generated Image: Midjourney

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