Former Goldman Sachs executive and macro expert Raoul Pal is bullish on Solana (SOL) based on his interpretation of the technical analysis.
Pal says in this week’s Global Macro Investor (GMI) newsletter that the Ethereum (ETH) competitor and 11th-largest crypto asset by market cap is “getting ready” for an upward move.
The macro guru says that Solana has undergone consolidation after completing a pattern that indicates a reversal from a bearish to a bullish trend.
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“Solana looks like it’s getting ready to make its next move higher after a period of consolidation following the inverse head and shoulders breakout in April. Solana was a big bet at GMI this year and is up nearly 150% year-to-date…”
Source: Raoul Pal/Global Macro Investor
Solana is trading at
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