Raoul Pal Predicts SUI to Outperform as Bitcoin Breaks All-Time Highs

Macro guru Raoul Pal has expressed optimism about the layer-1 blockchain Sui (SUI), suggesting that it is poised for a new phase of outperformance despite recent market corrections. Pal, who has a significant following on the social media platform X, shared charts indicating that SUI has reached the bottom of a descending channel and is finding support around the $2 level. This analysis suggests that the cryptocurrency is in a position to rebound and potentially outperform other major cryptocurrencies in the near future.

Pal's shorter-term analysis shows that SUI is nearing the bottom of its current price channel, which could signal an imminent reversal. He also provided a longer-term view, showing that SUI is trading within a large triangle pattern, which is often seen as a bullish continuation signal. This pattern suggests that SUI could continue to rise as the broader market for cryptocurrencies recovers.

According to Pal, as Bitcoin (BTC) breaks its all-time highs, SUI is expected to outperform and remain among the top five major cryptocurrencies in terms of performance for this cycle. He advises investors to exercise patience and avoid being driven by greed, desperation, or the fear of missing out (FOMO), as these emotions often lead to poor investment decisions. Pal's analysis is based on technical indicators and market trends, providing a cautious yet optimistic outlook for SUI's future performance.

At the time of writing, SUI is valued at $2.82. Pal's recent comments on the global money supply metric (M2) suggest that Bitcoin could see a significant increase, potentially rising by around 29% from its current level. He attributes this trend to liquidity, noting that the market has provided clear signals about the direction of Bitcoin's price movements. Pal's insights highlight the importance of understanding market trends and liquidity in making informed investment decisions.