Renowned macro expert Raoul Pal predicted that Solana and Ethereum could start strong rallies by breaking through critical resistances.
Former Goldman Sachs executive and macroeconomics expert Raoul Pal has drawn an optimistic picture for Solana (SOL), a serious rival to Ethereum (ETH) among large-cap altcoins.
Addressing his 1.1 million followers on X, Pal said of Solana’s long-term chart, “A more optimistic chart is almost impossible.” He noted that Solana could rise rapidly after breaking a key resistance level on the weekly time frame.
According to Pal’s analysis, the Solana price has broken out of a downtrend channel and is now on the rise. He stated that his goal is now to surpass the all-time high, which is just above $260.
Pal, who responded “yes for the start” to a follower’s comment “Solana is $420,” excited investors.
Raoul Pal also predicted a very positive future for Ethereum. He noted that if Ethereum breaks the upper limit of a symmetrical triangle formation on the weekly chart, a “spectacular” rally will begin. In technical analysis, symmetrical triangles are generally considered to be a harbinger of an uptrend when the price breaks towards the upper limit.
Pal outlined two different scenarios for Ethereum’s future movement. He said that Ethereum will either pull back a bit and gain strength before rising, or it will rise by breaking the triangle formation directly.
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