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<ul>
 <li>Raoul Pal predicts Solana’s SOL may double with a breakout above $30.</li>
 <li>SOL surpasses resistance against Ethereum and Bitcoin, reaching new highs in 2023.</li>
 <li>Visa’s USDC settlement on Solana hints at a promising ‘crypto summer’ in 2024.</li>
</ul>
<p>Raoul Pal, the founder of Real Vision and a prominent voice in the crypto space, has delivered an optimistic forecast for Solana’s native cryptocurrency, SOL. Pal’s assessment revolves around several key factors, projecting a potential doubling in SOL’s value.</p>
<p>The coin has seen an impressive 171% surge in 2023, underlining a year characterized by considerable bullish momentum.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> – Ive been extremely bullish all year.<br><br>It's up 171% this year and we are about to test the big inverse head and shoulders at $30…. next major resistance would likely be $50, once confirmed. 1/ <a href="https://t.co/2I0l92xFTR" rel="noopener noreferrer nofollow">pic.twitter.com/2I0l92xFTR</a></p>— Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1715323214224593076?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 20, 2023</a>
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<p>The founder highlights a critical juncture, with $30 as the immediate resistance level. This mark corresponds to a crucial liquidation threshold, as evidenced by a prominent “big inverse head and shoulders” pattern on the daily chart. This pattern typically signals a slowdown in bearish momentum and the possibility of an impending uptrend.</p>
<p>However, Pal emphasizes that the uptrend will be validated only upon a high-volume breakout above the $30 “neckline.” This psychological level has proven resilient, remaining unbroken since its registration in July 2023, representing Solana’s highest price point this year.</p>
<p>Beyond the technicals, SOL’s performance against other major cryptocurrencies paints a favorable picture. SOL has managed to overcome resistance levels when measured against Ethereum (ETH) and Bitcoin (BTC). This achievement signifies a reversal of losses suffered in 2022, showcasing SOL’s increasing strength.</p>
<p>Furthermore, Pal’s bullish sentiment extends to the prospect of a ‘crypto summer’ in 2024. He attributes this potential rally to a series of strategic partnerships recently inked by Solana.&nbsp;</p>
<p>Notably, global payment processor Visa introduced USDC settlement on the Solana network, citing its high throughput capabilities. This development is expected to enhance cross-border settlement speed and provide modern solutions for Visa’s clients, ultimately adding to the overall momentum of the crypto market.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/real-vision-ceo-foresees-solana-doubling-sparking-crypto-summer-in-2024/">Real Vision CEO Foresees Solana Doubling, Sparking Crypto Summer in 2024</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Real Vision CEO Foresees Solana Doubling, Sparking Crypto Summer in 2024

Crypto News Land

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