Raoul Pal, CEO of Real Vision and former Goldman Sachs executive, announced that Sui, a competitor to Solana 
$217 (SOL), is poised to enter a “super bullish” phase after breaking through a critical resistance level.
The Surge of Sui
In a statement on the social media platform X, Pal highlighted that Sui, a layer one blockchain platform, is gearing up for a significant breakout after surpassing its all-time high. He noted that SUI has crossed the 5-dollar mark and anticipates a major price surge following this achievement.
“SUI is pushing its nose to the ceiling… It needs to enter a super bullish phase from here.”
Pal also expressed optimism regarding SOL, stating that it has broken out of its channel and transformed the upper boundary into a support level. He shared a chart indicating that SOL is now moving upward against the psychological resistance of its all-time highs.
“The long-term SOL chart looks very bullish.”
Pal’s Long-Term Expectations
Pal previously asserted that SUI would play a “chosen one” role in this market cycle, potentially outpacing Solana. In an interview, he mentioned his support for the SUI project stems from his belief in its high chances of success.
“I am confident Solana will perform well. I just want people to be aware that this might be the chosen one.”
Following Pal’s comments, SUI surged to 5.28, while SOL is trading around 220 dollars. Pal observed that SUI has started to outpace major cryptocurrencies like Solana, ETH, and Bitcoin 
$101,685. He cautioned followers that while SUI holds significant potential, it is also a risky investment, emphasizing the importance of individual risk assessments. According to his analysis, SUI’s price movements and overall market performance have bolstered his confidence in the project, with expectations for a notable rise in the near future.
SUI’s current ascent and Pal’s positive remarks indicate that significant developments may be on the horizon in the cryptocurrency market. Alternatively, Pal might hold substantial SUI Coins and make bold statements to benefit from its potential rise.
Recently, both SUI and SOL have demonstrated impressive performance in the crypto market, capturing the attention of investors who closely monitor their future movements. Pal’s analyses could signal new opportunities in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
