Former Goldman Sachs executive and macro expert Raoul Pal is leaning bullish on a large-cap Ethereum (ETH) competitor.
Pal tells his 1.1 million followers on the social media platform X that there “literally couldn’t be a more bullish long-term chart” than that of Solana (SOL) on the weekly time frame.
“When it breaks higher, it’s going to ACCELERATE.”
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Source: Raoul Pal/X
Based on Pal’s one-week chart, it appears that the macro guru is suggesting that Solana broke out of a descending channel and is now targeting to go above the resistance level around the all-time high price of just above $260.
Solana is trading at $240 at time of writing.
Next up is Ethereum. According to the former Goldman Sachs executive, Ethereum will experience a
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