Macro guru Raoul Pal says layer-1 blockchain Sui (SUI() is preparing for a new outperformance phase despite recent consolidation.
Pal, a 1.2-million follower on the social media site X, shares a graph with his 1.2-million followers that suggests SUI is nearing the bottom of a descending trend and finding support near $2.
“For those of you in Sui, these are my chart reads…
Shorter term…”
Pal zooms out and sees SUI as trading in a triangle-shaped pattern. This suggests a bullish trend.
“Longer term…”
Says Pal,
I believe that BTC is breaking ATHs. [SUI] This cycle, the majors’ performance will be amongst the five best in history.
Patience! Greed, desperation or FOMO (fear of missing out) never works…”
SUI was worth $2.82 at the time this article was written.
Recently, the investor has been able to said The trend of the global money supply (M2) indicates that Bitcoin (BTCThe price of a litre (approximately.29%) could increase from its current level.
“But at this point, it’s [the price of Bitcoin] really driven by liquidity. It gave us a three-month heads up to exactly the correction [of around $75,000 in April]. And yet Twitter said it’s about tariffs, it’s about the end of the world. It told you, it is telling you, and told you it would be at all-time highs. I told you it would be at all-time highs by May. It tells you we should be over $140,000 by July.”
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