Solana above $185 could signal parabolic phase.
Raoul Pal and Inmortal highlight SOL’s potential.
Possible uptrend for the cryptocurrency market.
Macroeconomics expert Raoul Pal points to a promising future for Solana (SOL) if the cryptocurrency surpasses and holds the $185 support. According to Pal, this movement could be an indication that the cryptocurrency market is entering its most explosive phase. SOL is currently trading at $174, having registered a 2,8% drop in the last 24 hours.
In a recent update on his social media platform X account, addressing over a million followers, the Real Vision CEO discussed the possibility of other digital assets beginning to rise alongside SOL.
“With BTC well above $70.000, I’m looking for final confirmations from a few others. SOL above $185.”
With
$ BTC
well over $70k… Im looking for the final confirmations from some others.
$ SOL
over $185… 1/
pic.twitter.com/0CpookHy84
– Raoul Pal (@RaoulGMI)
October 29, 2024
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Pal also mentioned that a significant crypto bullish trend could be about to begin, noting that both SOL and other digital assets are demonstrating breakout patterns.
“I hope we can break all these levels and move on with our lives. I’m not buying or selling, just watching the market phases. SOL breaking $185 is enough for me to confirm the fruit phase (we’re all a bit burned out mentally from the range failures over the past few months, so caution is advised).
At the time of publication, Solana Today’s price was quoted at $175,43 with a drop of 0,5% in the last 24 hours.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
