Real Vision founder and CEO Raoul Pal believes a significant number of altcoins are on the cusps of major rallies.
Pal tells his 1.2 million followers on the social media platform X that “many key parts of the crypto ecosystem are in the waiting room ready to launch.”
According to the macro guru, an increase in global liquidity is one of the key bullish catalysts that is going to drive the rally in altcoins.
“And the rate of change is only going to rise in the key metric of Total Global Liquidity… US, EU, China and Japan all need to roll debts. This is an absurdly bullish backdrop, along with the regulatory changes, digital asset treasury firms and sovereign accumulation along with Wall Street acceptance.”
Starting with Solana (SOL), Pal says the sixth-largest crypto asset by market cap is about to go higher.
Based on a chart of Solana on the weekly timeframe, Pal appears to be suggesting that Solana is forming an ascending triangle, a bullish continuation pattern.
Next up is Sui (SUI). According to the macro guru, Sui will follow Solana in rallying.
Based on a chart of Sui on the weekly time frame, it appears Pal is suggesting that Sui is forming a parallel ascending channel.
Turning to XRP (XRP), Pal says the third-largest crypto asset by market cap is in the process of breaking out.
Based on an XRP chart on the weekly time frame, it appears Pal is suggesting that the third-largest crypto asset by market cap has formed a series of bullish pennants since it was launched and the current one is currently in progress.
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