The cryptocurrency market is in a “waiting room” phase, with the next phase of price discovery possibly extending the traditional four-year cycle into 2026, according to Raoul Pal. Institutional capital may prolong the cycle due to slow business dynamics, with stablecoin inflows on Binance surpassing $1.65 billion.

Leading altcoins like SOL, SUI, and DOGE are preparing to leave the “waiting room” for a parabolic rally phase. Technical analysis suggests a bullish continuation pattern for SOL, followed by SUI and DOGE gaining momentum. XRP is porting, while altcoins outside the top 10 may take longer to rally, as predicted by Pal.

Raoul Pal believes the current crypto market cycle resembles 2017, with Bitcoin’s price skyrocketing over 1,255%. The weakening US dollar may indicate a longer crypto cycle compared to previous years, with institutional allocations toward top cryptocurrencies remaining robust amidst political tensions.

Read more at Cointelegraph: Crypto “waiting room” ahead of Market Top in Q1 2026: Raoul Pal