Real Vision CEO and macro investor Raoul Pal from Ethereum (ETH) thinks it will perform better altcoini explained in his post on his Twitter account.
Former Goldman Sachs executive Pal, who also attracted the attention of investors with his performance, Solana’s (LEFT) believes it could potentially outperform ETH.
Analyzing Solana’s chart, the expert said that Solana created a reverse shoulder and head model in the dollar parity. “There definitely seems to be an inverted head and shoulders pattern in the SOL.” said.
LEFT Continuing his analysis, Raoul Pal used the statements for Solana’s price performance:
“LEFT/ETH If Solana reaches a high against Ethereum, there is a good chance that Solana will succeed.
In this context, Solana broke and corrected the channel in SOL/ETH parity.
It is not yet clear whether it will outperform ETH, but it will likely do very well if it maintains the highs it has reached recently.
I’ve built good longs on SOL in the last 4 weeks, plus I’ve added more ETH. My investments in SOL are small relative to ETH but still significant.”
SOL/ETH broke the channel and has corrected. Not yet clear if its going to outperform ETH yet but if it takes out recent high, chances are it will do very well.
In last 4 weeks I built a decent long SOL (and added more ETH) but SOL is much smaller but still significant. pic.twitter.com/R5EeeRKp9A
— Raoul Pal (@RaoulGMI) July 18, 2022
witherRaoul Pal isn’t the only one who thinks . Like Pal, Lark Davis evaluated Solana’s rise and predicted that SOL could rise if it broke through key resistance levels.