Raoul Paul’s Bullish Forecast On SOL, Rally Imminent?

Share This Post

Solana

The post Raoul Paul’s Bullish Forecast On SOL, Rally Imminent? appeared first on Coinpedia Fintech News

In a latest X post, Raoul Paul, the CEO of Real Vision shared a bullish forecast on SOL as he shared to his followers that “The long-term SOL chart is stupid bullish.”

Pal highlighted a strong resistance level that has limited Solana’s (SOL) rally for over four years. Notably, in order to surge, SOL needs to stay above its November 2021 high of $250. Pal’s followers agreed with his analysis and identified the next Fibonacci level (1.618) as a potential target for SOL. To reach this milestone, the SOL price has to touch $410.

Also, recently, prominent on chain analyst Ali Martinez took to X to share that “there’s a chance SOL is forming a cup-and-handle pattern, and it will reach $4,000!”

However, critics warn Solana (SOL) holders of potential selling pressure due to large-scale token unlocks expected in Q1 2025. Meanwhile, Real Vision CEO highlighted Sui (SUI) as a strong altcoin pick, noting its potential after breaking the $4.88 resistance. On January 4, 2025, SUI hit a new all-time high of $5.22, with its trading volume nearly tripling to $2.45 billion in just 24 hours.

SOL ETF Soon?

Besides, the speculations over a potential SOL ETF are heating up. The odds of a Solana ETF listing in the United States this year are even higher than a Polymarket’ forecast, according to Matthew Sigel, VanEck’s head of research. While prediction platform Polymarket said the odds of a US Solana ETF listing in 2025 are around 77%, Sigel described Polymarket’s forecast as “underpriced” in an X post

Industry analysts see Trump’s presidential win as a green light for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list in the US. Shortly after Trump’s victory in the US presidential race, Sigel reportedly noted that the odds of the US greenlighting a SOL ETF in 2025 are now “overwhelmingly high.”

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC The

Bitcoin Price Breaks $100K: Bulls Set Their Sights Higher

Bitcoin price is recovering losses above the $100,000 zone BTC is showing positive signs and might continue higher if it clears the $102,500 resistance zone Bitcoin started a decent increase above

CFTC Charges Resolved: Crypto Exchange Gemini Strikes $5 Million Deal In Proposed Order

In a major advancement for the cryptocurrency sector, Gemini Trust, headed by the Winklevoss twins, Tyler and Cameron Winklevoss, has consented to pay $5 million to resolve allegations made by the

Crypto Fees Ride Low: Onchain Bitcoin and Ethereum Costs Dip Below $2

Over the past 30 days, Bitcoin and Ethereum network fees have remained relatively modest, even as prices have experienced an upward trend During the first week of 2025, the average transaction fee on

Enron returns with humorous ‘nuclear egg’ parody mocking tech launches

Enron has officially embraced its role as a parody, unveiling a comedic product dubbed the “Enron Egg,” a fictitious micro-nuclear reactor The announcement, made on Jan 6, marked the

XRP Price Prediction for January 7

The post XRP Price Prediction for January 7 appeared first on Coinpedia Fintech News XRP, the native token of Ripple Labs, is continuously gaining attention from crypto enthusiasts and seems poised