Macro Guru Raoul Pal Says Top Ethereum Rival Has a Massively Bullish Chart and Will Accelerate After Breakout
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.” 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 “spectacular” rally if and when it breaks out above the upper boundary of a symmetrical triangle pattern that has formed on the weekly time frame. In technical Analysis , a symmetrical triangle pattern is bullish...