'Stupid Bullish': Real Vision CEO Raoul Pal on SOL in Long-Term

Renowned macro economist Raoul Pal, the CEO and founder of Real Vision media platform, chooses his picks for long-term time-frames. While Solana ($SOL) seems to be particularly strong, Sui ($SUI) is ready to rally after breaking a major resistance at $4.88.

Real Vision CEO is optimistic about Solana ($SOL): See chart

Solana ($SOL), the fifth-largest cryptocurrency by market capitalization, looks "stupid bullish" on long-term time-frames. Such forecast was shared by former hedge fund manager Raoul Pal, co-founder of Real Vision, a financial media company.

On a logarithmic scale, Pal indicated the strongest resistance level that has suppressed the $SOL rally for over four years. For Solana ($SOL) to skyrocket, it is absolutely necessary to hold above its Nov. 2021 high over $250.

Followers of Pal agreed with the economist and indicated the next Fibonacci level (1.618) as a potential new target for $SOL price discovery. To reach this milestone, the $SOL price has to touch $410.

As of printing time, Solana ($SOL) is trading at $216 on major spot crypto exchanges. Its price surged by 1.6% in the last 24 hours.

Public enthusiasm around the crypto is catalyzed by the announcement about Winternitz Vault, a solution that employs quantum-resistant hash functions. It relies on Winternitz One-Time Signatures (WOTS) to protect Solana's resilience against quantum computing attacks.

$SUI is ready to "go into hyperspace" once this resistance is done

Also, despite its major wallet Phantom dropping the idea of launching a native token, the global Solana ($SOL) community is on the verge of massive Sonic (SONIC) and Jupiter (JUP) airdrops.

At the same time, critics recommend $SOL holders to be aware of selling pressure coming. Solana ($SOL) supply is set to see large-scale token unlocks in Q1, 2025.

Besides Solana ($SOL), the Real Vision CEO highlighted Sui ($SUI) as a potentially strong pick in the altcoin segment. He noticed that after hitting the $4.88 "ceiling," $SUI is ready to continue its amazing rally.

Today, Jan. 4, 2025, $SUI broke the resistance and hit a fresh all-time high at $5.22. The net trading volume for $SUI almost tripled in 24 hours and reached $2.45 billion, data says.