Macro Guru Raoul Pal says that Layer-1 Blockchain Sui (SUI) is preparing for a new phase of outperformance despite the recent consolidation.
On the social media platform X, RAK with its 1.2 million followers shares a graph that sui has approached the bottom of a falling channel and finds support somewhere near the $ 2 level.
“For those of you in Sui, this is my graph reads …
Shorter term … “
And zooming out, based on another graph, sees PUI acting in a large triangle pattern, points to bullish continuation.
“Longer term …”
Out Friend,
“My opinion is that if BTC Aths (all-time highlights) breaks, [SUI] Starts to perform better again and remains in the top five majors in the performance in this cycle.
Patience! Greed, despair or fomo (fear of missing) never works … “
At the time of writing, Sui is worth $ 2.82.
The investor recently said that the trend in the Global Money Supply Metric (M2) suggests that Bitcoin (BTC) could rise by around 29% from the current level.
‘But at the moment it is [the price of Bitcoin] Really powered by liquidity. It gave us a three -month heads to exactly the correction [of around $75,000 in April]. And yet Twitter said it is about rates, it is about the end of the world. It told you, it tells you and told you it would be too all time. I told you that it would be too all time by May. It tells you that we should be more than $ 140,000 by July. “
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Generated image: midjourney