Sui’s $ 22 Dream: Raoul Pal sees a ‘top 5’ path for the ‘Solana Killer’

• Sui may prolong his rally in H2 and turn into a high 12 months artist, by Raoul Pal.
• The Altcoin has retrieved on the finish of the quarter.

Sky [SUI] Had a blended efficiency in H1 2025, however may nonetheless turn into a high 5 performer in 2025, in response to Raoul Pal, founder and CEO of Actual Imaginative and prescient.

The ‘Solana Killer’ was $ 5 initially of January, however the Q1 headwind dragged it to a lack of 44%. In Q2, nonetheless, the Altcoin recovered 17percentand expects extra revenue in H2.

In an X -post, Pal projected that the Altcoin may float Above $ 2.2An necessary help in April 2025 that was an earlier resistance in 2024.

He marked That in the long run the Altcoin would consolidate beneath $ 3.5 for a possible outbreak when BTC prints a brand new ATH.

“My opinion is that if BTC breaks ATHs, this begins to carry out higher and can keep within the high 5 majors within the efficiency on this cycle.”

Supply: TradingView

A dream or delayed potential?

Coingecko even entered right into a dialog with a stat that fueled curiosity. It shared that when Sui Solana hit [SOL] Market capitalization of $ 77 billion, the Altcoin could possibly be appreciated at $ 22.9 – at least 8x.

Though that’s an optimistic projection, the real-time Sui/SOL ratio tells a unique story.

The Altcoin surpassed Sol by 56percenton the finish of April, however was later in Q2. Since Might, Sui Sol has subdued with 26%. In different phrases, traders have been higher off Sol than Sui late in Q3.

Supply: TradingView

The weakening could possibly be just a few weeks earlier than a possible rebound if the ratio defends 0.016. If that occurs, the Altcoin Sol may once more surpass with 56%.

Since Might, the Altcoin Sol has had an absorption of 26.7% with round 26% and the SUI/Sol graph.

That mentioned, the connection is floating within the neighborhood of his important help at 0.0158. If this degree applies, merchants can see one other 50%+ rebound within the efficiency of Sui/Sol -Paar.

Defi Increase, then bust

Sui’s Q2 restoration was not solely narrative pushed A part of the robust restoration was helped by the Defi traction of the chain.

In April the month-to-month DEX quantity of Sui $ 11 billion, a rise of $ 7 billion of March reached. This coincided with wider market restoration and memecoin mania within the Sui Defi Ecosystem.

In Might, Dex Quantity to a report at all times climbed excessive from $ 14.12 billion, pushing the worth from Sui to $ 4.2.

Since Defi Traction Sui wants for funds, the entire demand for the Altcoin additionally fell in June and pulled it from greater than $ 4 to $ 2.2.

Supply: Defillama

Regardless of the Cooldown of June, Pal’s long-term chart evaluation reveals the altcoin that’s approaching the highest of a symmetrical triangle-a sample that’s identified to precede breakout actions.