Sui Could Outperform XRP and Solana in the Coming Market Cycle, Expert Suggests
29.12.2024 20:00 1 min. read Alexander Zdravkov
Macro expert Raoul Pal believes that while XRP remains strong, Sui (SUI) could outperform it in the long run.
During a recent strategy session, Pal analyzed the SUI/XRP trading pair, noting that it’s currently in an upward trend within an ascending channel.
He pointed out that after reaching the lower range, SUI is now poised to move toward the higher end of the channel, suggesting it could outpace XRP in the coming period.
Pal also highlighted a similar pattern in the SUI/Solana (SOL) pair. He observed that SUI/SOL has formed an inverse head and shoulders pattern on the weekly chart, indicating a breakout in progress.
He noted that while Solana is still strong and expected to perform well, Sui is emerging as the more promising asset at the moment.
Pal suggested reallocating assets from Solana to Sui, as he sees Sui as the next big performer despite it being a newer and riskier token compared to Solana.
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