Raoul Paul’s Bullish Forecast On SOL, Rally Imminent?
In the latest X post, Real Vision CEO Raoul Paul shared a bullish forecast for SOL, telling followers that “the long-term SOL chart is stupidly bullish.”
Pal highlighted the strong resistance that has capped gains in Solana (SOL) for more than four years. Notably, in order to surge higher, SOL would need to remain above the November 2021 high of $250. Pal’s followers agree with his analysis and identify the next Fibonacci level (1.618) as a potential target for SOL. To reach this milestone, SOL price must reach $410.
Additionally, recently, well-known on-chain analyst Ali Martinez shared on X: “SOL is likely to form a cup-and-handle pattern and the price will reach $4,000!”
However, critics are warning Solana (SOL) holders that they may face selling pressure as a massive token unlock is expected in the first quarter of 2025. Meanwhile, the CEO of Real Vision highlighted Sui (SUI) as a strong altcoin option, noting its potential after breaking out of the $4.88 resistance level. On January 4, 2025, SUI hit an all-time high of $5.22, with trading volume nearly tripling to $2.45 billion in just 24 hours.
Is SOL ETF fast?
Additionally, speculation about a potential SOL ETF is heating up. Matthew Sigel, director of research at VanEck, said the likelihood of a Solana ETF listing in the U.S. this year is even higher than Polymarket’s forecast. While forecasting platform Polymarket said the U.S. Solana ETF has about a 77% chance of listing in 2025, Sigel described Polymarket’s forecast as “underpriced.” postal.
Industry analysts believe Trump’s presidential victory has given the green light to more than half a dozen proposed cryptocurrency ETFs awaiting regulatory approval to list in the United States. Shortly after Trump’s victory in the U.S. presidential election, Sigel reportedly noted that the likelihood of U.S. approval of the SOL ETF in 2025 was now “extremely high.”
