Solana and Ethereum on the Verge of a Major Breakout in the Coming Weeks – Raoul Pal

Raoul Pal, a former Goldman Sachs executive and macroeconomic expert, has expressed strong optimism about the potential of Solana (SOL), a major competitor to Ethereum (ETH).

Pal shared that Solana’s long-term chart shows immense bullish potential, stating that the price is on the verge of a significant breakout. He emphasized that once the price surpasses its current resistance, it is likely to experience a sharp acceleration.

Pal pointed to a key technical pattern on Solana’s weekly chart, indicating that it has recently broken out of a descending channel. With a target near its previous all-time high of just over $260, Solana is currently trading at approximately $240.

Turning to Ethereum, Pal predicts that Ethereum could undergo a spectacular rally if it manages to break through the upper boundary of a symmetrical triangle pattern, which typically signals bullish momentum when the price breaches its top line.

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Pal mentioned two possible scenarios for Ethereum’s future: either a pullback to gather more momentum or an immediate surge through the resistance.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.