Solana ($SOL) and Sui ($SUI) are two top-performing layer 1 crypto networks that are currently outperforming Ethereum ($ETH) and even Bitcoin ($BTC). Both coins have recently experienced increased volatility, but they show promise for further growth and domination in the crypto market. For Solana ($SOL), the next target is likely to be the 1.272 Fibonacci at $237, which is only another $20 up from its current price of $217.
The momentum from its breakout from the bull flag suggests a strong upside price trend that could push $SOL to its all-time high soon. Sui ($SUI) has already seen a 645% increase in value since early August and appears to be following a cup and handle chart pattern, with a measured move of $4.16. The next major target for $SUI could be the 2.618 Fibonacci at $5.
However, it is essential for bulls to monitor the Relative Strength Index (RSI) as the price approaches this resistance level, as it could result in a significant retracement if the market becomes overbought. Overall, both $SOL and $SUI show promising signs of potential growth, provided that they maintain their current upward momentum and manage their respective resistance levels effectively.
