\u201cMany key parts of the crypto ecosystem are in the waiting room ready to launch,\u201d wrote the popular analyst in a Friday X post<\/a>, adding:\u00a0<\/p>\n \u201cOur work suggests (probabilistically speaking) that the cycle extends into Q1 2026 and possibly Q2 2026 due to slow business cycle forcing more liquidity for longer.\u201d<\/p><\/blockquote>\n \u201cPeople need to learn patience. The path is clear…but never, ever expect tick for tick perfection,\u201d he explained.<\/p>\n Pal uses the business cycle score as a macroeconomic model to track the current stage of the global economy\u2019s broader cycle.<\/p>\n \u201cRaoul\u2019s framing of crypto being in the \u2018waiting room\u2019 resonates with how markets are behaving right now,\u201d according to Enmanuel Cardozo, market analyst at real-world asset tokenization platform Brickken.<\/p>\n The recent pullback \u201ccame not from onchain dynamics but from political tensions between President Trump and the Federal Reserve,\u201d the analyst told Cointelegraph, adding:<\/p>\n \u201cWhat supports the thesis of an extended cycle into 2026 is that institutional positioning hasn\u2019t turned bearish.\u201d <\/p><\/blockquote>\n Institutional allocations toward the two leading cryptocurrencies remain robust despite the \u201ctug-of-war\u201d over interest rate policy, the analyst said.<\/p>\n Meanwhile, stablecoin inflows on Binance<\/a> surpassed $1.65 billion, which may be seen as a potential precursor for renewed cryptocurrency investments, as stablecoins are the primary funding tools for traders.<\/p>\n Related: <\/strong>Hyperliquid whales net $48M on 200% XPL rally, amid manipulation allegations<\/strong><\/a><\/p>\n SOL, SUI, DOGE may be next to leave the crypto \u201cwaiting room\u201d \u2014 Raoul Pal<\/p>\n Some of the cryptocurrency market\u2019s leading altcoins are currently preparing to leave the \u201cwaiting room\u201d ahead for the final parabolic stage of the rally, with the Solana (SOL<\/a>) token being the \u201cnext to leave,\u201d wrote Pal, sharing the below chart.<\/p>\n The chart shows an ascending triangle pattern, which is seen by technical traders as a bullish continuation pattern, signaling a potential price breakout upon confirmation.<\/p>\n Following the Solana token, Sui (SUI<\/a>) will be the next altcoin to gain momentum, followed by Dogecoin (DOGE<\/a>), once the largest cryptocurrencies excluding the top 10, also tracked as \u201cOTHERS,\u201d will start to rally, predicted Pal.<\/p>\n Meanwhile, the XRP (XRP<\/a>) token is \u201cin the process of full porting,\u201d while the largest altcoins excluding the top 10 may still take \u201clonger to launch.\u201d<\/p>\n Related: <\/strong>Kanye West\u2019s YZY token: 51,000 traders lost $74M, while 11 netted $1M<\/strong><\/a><\/p>\n Two months ago, Pal said that the current crypto market cycle mirrors patterns similar to 2017<\/a>, when Bitcoin\u2019s (BTC<\/a>) price skyrocketed by over 1,255% during the year.<\/p>\n \u201cIt\u2019s spookily similar to 2017,\u201d Pal said<\/a> in a video on June 19, forecasting a longer crypto cycle compared to previous years, as a weakening US dollar may indicate that the crypto cycle is still far from its peak.<\/p>\n![](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/0198f5e1-9194-7e69-bd6d-eb80d4545f63.png\" "\\"\\"\/")
Source: Raoul Pal<\/a><\/p>\n![](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/0198f5e1-973a-7112-b211-691135b93eea.png\" "\\"\\"\/")
Source: Raoul Pal<\/a><\/p>\n![](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/08\/0198f5e1-9a48-70a9-b597-7409b24cdf88.png\" "\\"\\"\/")
Source: Raoul Pal<\/a><\/p>\n