Solana (SOL) and Altcoins Still Have Massive Room To Rally, According to Macro Guru Raoul Pal

Macro guru Raoul Pal says that Ethereum (ETH) competitor Solana (SOL) is not done rallying even after soaring in recent weeks.

In a new edition of Pal’s Global Macro Investor (GMI) newsletter, the former Goldman Sachs executive says that Solana entered an uptrend after breaking out of a classic bullish pattern.

“SOL broke out from its inverse head-and-shoulders last month and is now up over 475% year-to-date. This has been one of our core trades at GMI (Global Macro Investor) this year and has worked out really well.”

Source: Raoul Pal/Substack

However, he warns that SOL will likely retrace after the sudden surge based on the relative strength index (RSI), a widely used momentum indicator that aims to determine if an asset is overbought or

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