Cryptocurrency analyst Raoul Pal predicts a bright future for the Solana rival, Sui (SUI). He believes the coin is ready to surge after a recent price dip.
Pal’s Bullish SUI Prediction
Pal, CEO of Real Vision, shared his analysis on X (formerly Twitter), showing charts that suggest SUI has hit a bottom. He points to support around the $2 mark and a larger bullish triangle pattern on the charts. He told his 1.2 million followers that, in his view, SUI will outperform other cryptocurrencies as Bitcoin hits new all-time highs. He expects SUI to remain among the top-performing cryptocurrencies. He cautions against impulsive trading decisions driven by fear of missing out (FOMO).
At the time of writing, SUI was trading at $2.82.
Bitcoin’s Potential and SUI’s Future
Pal also commented on Bitcoin’s potential, linking its price movement to global money supply metrics. He believes Bitcoin could rise by roughly 29% from its current price, potentially reaching levels above $140,000 by July. He emphasized that Bitcoin’s price is primarily driven by liquidity.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
