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Former Goldman Sachs executive Raoul Pal believes that one Solana (SOL) competitor looks to be in a position for a massive breakout. Pal tells his 1.1 million followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator is flashing bullish for the layer-1 platform Sui (SUI). Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles. He also suggests that SUI is on the verge of breaking out of a downward channel, a bearish pattern indicating that the asset is forming lower highs and lower lows. “Sui: knock, knocking, knocking on heaven’s door.” Source: Raoul Pal/X Other analysts are also suggesting SUI may be gearing up for an explosive move. Pseudonymous trader Cheds says if SUI can break through its immediate resistance, it may start printing significant rallies. “$2.50 overhead is a long trigger.” Me...

The Bitcoin price surged almost 5% in the last 24 hours to trade at $70,851 as of 00:16 a.m. EST on trading volume that skyrocketed 149% to $45.7 billion. This comes as fund management giant VanEck Bitcoin says Bitcoin will become a reserve asset held by central banks and used in global trade, helping its price surge to $3 million by 2050. That would meant BTC appreciating by an average 16% annually over the next 26 years. BREAKING: VanEck predicts #Bitcoin will be used in global trade and become a reserve asset worth $3 million by 2050. VanEck also projects central banks making a 2% allocation to $BTC 16% year on year growth for 26 years.🤑 pic.twitter.com/g7uBJ6nwQu — Radar🚨 (@RadarHits) October 28, 2024 Bitcoin Price Aims At Sustaining The Bullish Stance The Bitcoin price has been in a bullish rally since August, as the bulls capitalized on the $53,760 support to propel the token towards a bullish rising channel pattern, according to data from GeckoT...