Raoul Pal Predicts Solana (SOL) To Break Out Against Ethereum (ETH)
Investment strategist Raoul Pal is looking into Solana (SOL) against Ethereum (ETH), and says that SOL looks ready outperform ETH.
The chief executive of Real Vision shared with his 918.8K followers on Twitter that SOL seems to be on track to form a rally against Ethereum (SOL/ETH).
“The SOL/ETH chart is super interesting. SOL has been relatively quiet in recent times but this chart is getting very close to breaking out. I have a feeling that there is a lot more to come from the Solana ecosystem. I’ve been long for a year or so now.”
Crypto:
The SOL/ETH chart is super interesting. SOL has been relatively quiet in recent times but this chart is getting very close to breaking out. I have a feeling that there is a lot more to come from the Solana ecosystem #Solana Ive been long for a year or so now. pic.twitter.com/XINgIDe92e
Just yesterday, SOL briefly rose above $140 after dipping below $80 last month.
At time of writing, SOL trades at $136, down 0.5% on the daily chart.
While Pal is bullish on SOL against ETH, he is also bullish on ETH against its Bitcoin pair (ETH/BTC).
“ETH/BTC looks very good.”
Lookin into the crypto market overall, the market strategist says that there are signs of recovery. In a recent interview, Pal reiterates long term bullish stance on the digital asset market.
“If you think that growth is slowing and inflation will slow, you want to own equities and you want to own crypto and you’re fine… What do you own when gold’s gone nowhere?
I’m still 100% crypto because I think that’s the biggest secular trend of all time. On a global macro investor level, I am long dollars. I am starting to buy exponential age equities and long crypto and trying to pick the top in the bond market.”
