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Former Goldman Sachs executive Raoul Pal thinks one chart is a critical representation of the current crypto market. The Real Vision chief executive shares a chart with his one million followers on the social media platform X that compares the layer-1 blockchains Sui (SUI) and Solana (SOL). The macro guru shares a chart suggesting that SUI is primed to outperform SOL. “I keep staring at this chart of SUI/SOL. Probably the key chart in crypto right now to indicate the structure of the market ahead.” Source: Raoul Pal/X SUI is trading at $3.71 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours. SOL is trading at $239.74 at time of writing. The fourth-ranked crypto asset by market cap is up nearly 1% in the past day. Pal also mentions that he eventually plans to shift his proceeds into digital art non-fungible tokens (NFTs) and Bitcoin (BTC) for preservation. The Real Vision CEO also calls the cry...

A crypto veteran who has earned the “Master Trader” rank on the digital asset exchange Bybit is mapping a bullish path forward for top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 285,600 followers on the social media platform X that DOGE looks strong on all time frames. The trader shares a chart suggesting that DOGE has taken out a diagonal resistance that had persisted for about six months. “Looks to me like DOGE is sucking liquidity out of the entire meme ecosystem right now. Nothing looks as bullish to me as DOGE does on all the timeframes. DOGE used to do this in altseasons past where it would run hard and nothing else would move. Definitely having a deja vu moment.”  Source: Bluntz/X The trader shares another chart suggesting that DOGE could clear its resistance at around $0.228. “DOGE.” Source: Bluntz/X At time of writing, DOGE is trading for $0.144. Bluntz is also bullish on fellow memecoin Fl...

As the famous saying goes, “History never repeats itself, but it does often rhyme,” and recently, the Nasdaq Composite index (NASX) chart has been demonstrating eerily similar movements as around 20 years ago, when the dot-com bubble imploded. Indeed, the NASX chart shared by the data analytics platform Barchart shows that the index’s current chart patterns mimic those from the turn of the century, specifically the two bottoms, followed by a top, another bottom, another top, and a beginning of a decline, as shown in an X post published on October 26. Nasdaq Composite chart since late 1990s. Source: Barchart As the X user Michael Burry Stock Tracker , who keeps track of Michael Burry’s stock portfolio, highlighted when reposting the chart, the comparison of the dot-com bust and today’s stock market was “looking a little spooky,” according to the post shared on October 26.  What happened in early 2000s As a reminder, the dot-com bubble was a stock market bubble fueled by highly...