Solana (SOL) and Sui (SUI) Face Correction: Larger Move Ahead?

A corrective impulse is taking charge of altcoins on Tuesday. How far down could this reversal take Solana (SOL) and Sui (SUI)? How deep could these corrections go?

Before thinking of any possible buy zones for altcoins in the next week or two, it is important to consider the possibility that the alts may be on the edge of a potential bigger drop. Both $SOL and $SUI are analysed as to whether they could be part of a larger correction.

$SOL price about to fall out of a bear flag?

Source: TradingView

The 4-hour time frame for $SOL shows that the price has been rejected from the top of the channel and is fast approaching the bottom. This appears to be a bear flag, and so it would be expected for the price to fall out of the bottom and to head lower. $157 is a measured move for a potential drop, so the bulls will be hoping that this does not play out.

A possible plunge to the bull market trendline for $SOL price

Source: TradingView

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