Real Vision CEO and former Goldman Sachs executive Raoul Pal has sparked interest among crypto enthusiasts by sharing his insights on Sui (SUI), a layer one blockchain that he believes is poised to enter hyperspace. He recently informed his 1.1 million followers on X that SUI has successfully broken through a significant resistance point, previously hovering around the all-time high of $5.
SUI is currently trading at approximately $5.28, marking a notable rally since Pal’s prediction. He shared this observation with excitement, stating that SUI is “pressing its nose against the ceiling,” and the next step could lead to hyperspace.
In addition to his bullish stance on SUI, Pal has also expressed optimism for Solana (SOL). He pointed out a chart indicating that SOL has broken out of a channel and flipped its upper resistance into support. This suggests that SOL is slowly but steadily pushing through its own psychological resistance at record highs, trading at around $215 at the moment. Pal described the long-term chart for SOL as “stupid bullish.”
Pal has previously labeled SUI as the potential “chosen one” of this market cycle, suggesting that it might outpace Solana in terms of growth. In a conversation with Kevin Follonier on the When Shift Happens podcast, he reiterated his confidence in SUI. He believes that if any project has a real chance at succeeding, it is SUI.
While he acknowledges that Solana will continue to thrive, he raises the question of whether SUI might significantly outperform it, making it a more compelling investment despite the associated risks. Pal emphasizes that he only decided to publicly support SUI after witnessing its strong price action compared to Solana, Ethereum (ETH), Bitcoin (BTC), and other tokens that had begun to breakout.
His journey indicates a deeply personal investment philosophy, combining a keen analysis of market trends with an emphasis on solid technical performance before making bold statements. As he puts it, once he saw the confirmation in price action, he felt inclined to share his belief that “this may be the chosen one.”
The conversation around SUI and SOL continues to build anticipation among traders and investors, so staying updated on these developments could prove beneficial for anyone interested in the crypto space.
