Real Vision CEO and former Goldman Sachs executive Raoul Pal announced that Solana (SOL) rival Sui is about to enter the “super rally” phase after overcoming a critical resistance.
Rise of Sui
In his statement on social media platform Pal stated that SUI passed the 5 dollar level and a big rise is expected after this success.
“SUI is pushing its nose towards the ceiling… It needs to enter the super bullish phase from now on.”
Investor Pal said he was also optimistic about SOL. He shared a chart showing that Solana (SOL) broke out of the channel, turned the upper limit into a support level, and is now moving up from psychological resistance at all-time highs.
“The long-term SOL chart is very bullish.”
Pal’s Long-Term Prospects
Pal had previously stated that SUI would take on the role of the “chosen one” in this market cycle and leave Solana behind. In an interview, he stated that his support for the SUI project was because he believed it had a good chance of success.
“I’m sure Solana will do a good job. So that’s not all I ask of people. “At that point, I felt comfortable saying, ‘Listen, this could be the chosen one.'”
After Pal’s shares, SUI rose to 5.28. SOL is trading at $220. Pal, SUI’s Solana, ETH and Bitcoin $99,020.7 He observed that it started to outperform leading cryptocurrencies such as. Pal told his followers that SUI has great potential, but it is a risky investment. He emphasized that investors should make their own risk assessments. According to Pal’s analysis, the price movements and overall market performance achieved by SUI increased his confidence in this project. SUI is expected to experience a significant rise in the near future.
SUI’s current rise and Pal’s positive comments indicate that important developments may occur in the cryptocurrency market. Or maybe Pal holds a significant amount of SUI Coin and is making such assertive statements because he will make a profit if it rises?
Recently, SUI and SOL have shown remarkable performance in the cryptocurrency market. Investors are keeping a close eye on the future movements of these two crypto assets. Pal’s analyzes may herald new opportunities in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
