Mark Twain’s Take on Solana’s Soaring Surge Against Bitcoin

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Well, now, if you’ve been keeping an eye on the Solana (SOL) price, you might have noticed it’s been as lively as a cat in a room full of rocking chairs. But fear not, for there’s a glimmer of hope on the horizon. With Bitcoin (BTC) looking like it’s about to break out of its bull flag, $SOL is gearing up to not just keep pace, but to outshine $BTC over the next few weeks. 🌟

(SOL/USDT) Breakout in Favor of $SOL

Let’s take a gander at $SOL against its $USDT pair on the weekly time frame. It’s clear as a bell that the price has broken out of the descending wedge and is now consolidating above the breakout. The Stochastic RSI at the bottom of the chart is showing a cross back up of the indicator lines, which is a surefire sign that $SOL is about to rise. If the bulls can push the price beyond the $158 horizontal resistance level, we might just see $SOL soar to $180 and beyond. 🚀

W Bottoming Pattern Could Help Propel $SOL to Higher High Against $BTC

Now, if you cast your eyes on the weekly chart for $SOL against its $BTC pair (SOL/BTC), you’ll notice that $SOL has confirmed the breakout of the descending trendline, which has been in $BTC’s favor since mid-January 2025. A W bottoming pattern has formed, and this could be the catalyst to propel $SOL back above the big triangle pattern. The Stochastic RSI at the bottom of the chart is showing a cross back up of the indicator lines—another sign that $SOL is about to start outperforming $BTC. The same could be true on the 2-week chart, where the indicator lines are at the bottom, leaving plenty of room and time for an upward move. 📈

(SOL/ETH) Pair About to Move in Favor of $SOL

But wait, there’s more! Not only is $SOL set to outperform $BTC, but it’s also looking to give $ETH a run for its money. The ascending channel in the 2-week chart isn’t exactly a bullish pattern, but if the $SOL bulls can get the price back into the channel, a swing back to the top could result in a 60% gain for $SOL over $ETH. The support belt that the price is currently resting on is just perfect for a bounce back to the upside. The Stochastic RSI at the bottom of the chart has the indicators at their lowest point, and when they tick back up, it should signal that price momentum is in favor of $SOL. 🌱

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2025-07-07 15:02