Real Vision CEO and macro investor Raoul Pal announced on his Twitter account that he thinks the altcoin will outperform Ethereum (ETH).
Former Goldman Sachs executive Pal believes that Solana (SOL), which has attracted the attention of investors with its performance, could potentially outperform ETH. Analyzing Solana's chart, the expert said that Solana created an inverted shoulder and head model in the dollar parity, "It certainly seems to have an inverted head and shoulders pattern in SOL." said. Continuing his analysis of SOL, Raoul Pal used the expressions for Solana's price performance.
"SOL/ETH broke the channel and has corrected. Not yet clear if its going to outperform ETH yet but if it takes out recent high, chances are it will do very well. In last 4 weeks I built a decent long SOL (and added more ETH) but SOL is much smaller but still significant."
Raoul Pal isn't the only one who thinks Solana will perform strong. Like Pal, Lark Davis also evaluated Solana's rise and predicted that if SOL broke past key resistance levels, it could rise.
Solana price was recorded as $41.86 at the time of writing, according to CoinGecko data, while the last 24-hour trading volume of Solana (SOL) was $1,691,560,845. Solana (SOL) price has decreased by -8.1% in the last 24 hours. There is a circulating supply of 350 Million Solana (SOL), with a total supply of 508 Million Solana (SOL). Binance is currently the most active market where Solana (SOL) is traded.
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