Raoul Pal, renowned macroeconomist, CEO and founder of media platform Real Vision, makes his picks for longer-term time frames. While Solana (SOL) appears to be particularly strong, Sui (SUI) is poised to move higher after breaking key resistance at $4.88.

Real Vision CEO bullish on Solana (SOL): See chart

Solana (SOL), the fifth-largest cryptocurrency by market cap, looks “dumb bullish” on longer-term time frames. These predictions were shared by former hedge fund manager Raoul Pal, co-founder of Real Vision, a financial media company.

On a logarithmic scale, Pal pointed to the strongest resistance level that has suppressed the SOL rally for more than four years. For Solana (SOL) price to rise, it is absolutely necessary that it stays above the November 2021 high of over $250.

PAL followers agreed with the economist and pointed to the next Fibonacci level (1.618) as a possible new target for SOL price discovery. To reach this milestone, the price of SOL must reach $410.

As of press time, Solana (SOL) is trading at $216 on major spot cryptocurrency exchanges. Its price increased by 1.6% during the past 24 hours.

Public enthusiasm around cryptocurrencies is stimulated by the announcement of Winternitz Vault, a solution that uses quantum-resistant hash functions. It relies on Winternitz One-Time Signatures (WOTS) to protect Solana's resilience against quantum computing attacks.

SUI is ready to "go into hyperspace" once this resistance is over

Also, despite its flagship wallet Phantom dropping the idea of ​​launching a native token, the global Solana (SOL) community is on the verge of massive airdrops of Sonic (SONIC) and Jupiter (JUP).

Meanwhile, critics recommend SOL holders to be aware of upcoming selling pressure. Solana Supply (SOL) is set to see large-scale token openings in the first quarter of 2025.

Along with Solana (SOL), Real Vision CEO highlighted Sui (SUI) as a potentially strong pick in the altcoin sector. And note that after reaching the “ceiling” of $4.88, SUI is ready to continue its amazing rise.

Today, January 4, 2025, SUI broke the resistance and reached a new all-time high of $5.22. The data says that SUI's net trading volume nearly tripled within 24 hours and reached $2.45 billion.