The Macro Guru Raoul Pal says that the Blockchain of Layer 1 Su (SUI) is preparing for a new phase of outperformance despite its recent consolidation.
On the social media platform X, PAL shares with its 1.2 million followers a table suggesting that SU has approached the bottom of a downhill channel, and finds support somewhere near the $ 2 level.
“For those of you in sui, these are my graphic readings …
Shorter term… ”
And zoom out, based on another graph, PAL sees following in a large triangle model, alluding to the increased continuation.
“In the longer term …”
Said pal,
“My opinion is that when the BTC breaks Aths (summits of all time), (sui) starts again to outperform again and will remain in the five main majors of the performance of this cycle.
Patience! Cupidity, despair or FOMO (fear of missing) never works … “
At the time of the editorial staff, SUP is worth $ 2.82.
The investor recently declared that the world’s monetary mass metric trend (M2) suggests that Bitcoin (BTC) could increase by around 29% compared to the current level.
“But at this stage, it is (the price of bitcoin) really motivated by liquidity. This gave us a three -month -old head to the correction (about $ 75,000 in April). And yet, Twitter said that these are prices, this is the end of the world. July.”
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