Real Vision CEO and former Goldman Sachs executive Raoul Pal says a rival to Solana (SOL) is poised to enter “hyperspace” after breaking critical resistance.
Pal tells his 1.1 million followers on social media platform .
“SUI pressing his nose against the ceiling… after that he should go into hyperspace.”
Since Pal’s release, SUI has recovered and is trading at $5.28 at the time of writing.
Looking at Solana, the investor also says he is bullish on SOL. He shares a chart suggesting that SOL has broken out of a channel, flipped the upper limit of resistance at support, and is now breaking through psychological resistance at all-time highs.
“The long term SOL chart is stupidly bullish…”
At the time of writing, SOL is trading at $215.
Pal has already called on SUI to act as a “chosen one” in this market cycle and outrun Solana.
In an interview with Kevin Follonier on the When Shift Happens podcast, Pal said he was confident in supporting the project, believing that if anything had a chance of succeeding, it would be SUI.
“I’m sure (Solana) will do great, I only see success in this channel and positive vibes. The question is whether the ‘next chosen one’ surpasses him so significantly that you will be forced to ‘accept this transaction, which is much riskier. So it’s not the bet I would ask people to make in full size.
For me, it’s SUI, and it’s not because I’m on the foundation, but it’s because – I could have talked about this forever because I was on the foundation, but I don’t didn’t do it. I waited to see the price confirmation action, that is, this general outperformance started against Solana, ETH, Bitcoin, and then each token started to break out.
At that point, I felt comfortable saying, “Look, this one might be the one.” »
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