Real Vision founder Raoul Pal recently shared his insights on the price trend of Solana (SOL) and why it may enter the so-called “banana zone” (primary uptrend) on his YouTube channel.
Raoul Pal pointed out that despite significant price volatility, SOL has demonstrated remarkable resilience, highlighting its ability to issue low-cost NFTs and its fast transaction speed as key factors cementing its position as a leading blockchain technology. Starting from October last year, Solana has shown stronger performance compared to Bitcoin and Ethereum, leading him to believe that Solana could be the top-performing investment of this cycle. He disclosed that 90% of his personal cryptocurrency holdings are invested in Solana (SOL).
Analyzing the price chart, Raoul Pal identified SOL’s price as currently forming an ascending wedge pattern, suggesting that once it successfully breaks above the upper trend line, the pace of price increase could accelerate.
Looking at the SOL/BTC price chart, SOL has demonstrated significant strength relative to larger cryptocurrencies. Raoul Pal believes that holding SOL will outperform holding Bitcoin. However, he concluded the video by expressing his personal view that the performance of Solana’s ecosystem token, WIF, may have potential to exceed that of SOL, though he cautioned against allocating too much capital into it.
It’s worth noting that Raoul Pal is not the only recent market participant publicly optimistic about Solana. According to a previous report by Zombit, cryptocurrency market maker GSR published a report expressing optimism about Solana’s technology and changes in the U.S. political landscape, projecting potential growth of 1.4x in a bear market liquidity scenario, 3.4x in a sideways market scenario, and 8.9x in a bull market scenario.
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