Solana (SOL) Poised for Upswing, According to Raoul Pal

A renowned macroeconomics expert and founder of Real Vision Raoul Pal, has expressed his optimism about Solana (SOL) in his most recent Global Macro Investor (GMI) newsletter .Based on a through technical analysis, Pal believes that Solana is primed for a significant ascending movement after consolidation phase .

Solana’s Journey and Potential Reversal

Solana, that is a cryptocurrency which stood as a competitor to Ethereum experienced an abrupt decline following its peak in November 2021. Its price dropped to around $20 from nearly $260 .However Pal sees promise in Solana’s current consolidation phase . He highlights its successful breakout of the inverse head and shoulders pattern , signaling a possible trend reversal .

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