It certainly feels like altcoin season is in the air. With Bitcoin trading sideways today, crypto traders appear to have their eyes set elsewhere: Ethereum has surged past the $3,300 mark, currently trading at $3,339.13 after a strong 20% weekly gain. XRP is up another 12% today, eclipsing its 2018 all-time high. Could Solana, the Ethereum rival sitting just outside of the top 5 coins by market cap, be next?

The macro picture continues to look promising for risk assets. The cryptocurrency market marches forward on its recent rally, with total market cap reaching $3.86 trillion, up 1.40% in the last 24 hours. Bitcoin, though flat on the day, is still just below $120,000, holding a commanding $2.3 trillion in market cap on its own.

Traditional markets show mixed signals with the S&P 500 losing 0.40% and closing at 6,243.76, easing from a fresh record high reached earlier in the session. The Nasdaq was an overperformer, adding 0.18% and posting a record close of 20,677.80.

So where does that leave Solana?

Solana approaches a golden cross

Solana price data. Image: TradingView

It might come as no surprise, given recent moves by both XRP and Ethereum, that the charts are looking bullish for SOL, the native token of the Solana blockchain.

Solana has posted a 9.7% gain over the past week, currently trading at $175.15 after testing the psychological $180 level. The recent surge comes on the heels of multiple bullish catalysts, including the launch of Virtune's Staked Solana ETP on Deutsche Börse Xetra, offering regulated exposure to SOL with staking rewards. The spillover effect from Ethereum's massive ETF inflows has created additional demand for high-beta altcoins like Solana, with trading volume exploding to confirm genuine market interest.

The technical picture for Solana presents a compelling bullish case across multiple indicators. Solana finally defeated its bearish triangle, breaking a price resistance level in play since early 2025.

The Relative Strength Index, or RSI, measures the speed and magnitude of price changes to identify overbought or oversold conditions. At 68 points on the RSI, SOL shows strong bullish momentum without yet reaching the overbought threshold of 70. This is generally interpreted by traders as bullish as it indicates buyers are in control while still having room to push prices higher before hitting exhaustion levels. Traders typically see RSI readings between 50-70 as the "sweet spot" for sustained upward movement.

The Average Directional Index, or ADX, for SOL is at 21, which is a good thing for SOL bulls in this case. ADX measures trend strength regardless of direction, with readings above 25 confirming a strong trend. At 21, this suggests the bearish correction that took the price of SOL down 47% from May highs is weakening. For traders, this means SOL could be on the verge of a confirmed bullish breakout.

As for the token’s Exponential Moving Averages, or EMAs, the chart shows a 50-day EMA (orange line) currently below the 200-day EMA (red line), typically a bearish signal. EMAs are price averages over a given period of time. However, the price has decisively broken above both averages, currently trading around $175 while the EMAs sit near the $160 price zone.

As the two EMAs approach, we may be about to enter into a golden cross scenario, further confirming Solana’s transition from bearish to bullish. Regular readers may remember that Ethereum, which leads Solana by several billion in market cap, recently formed this same pattern on its own charts, fueling bullish momentum.

The Squeeze Momentum Indicator for Solana shows "off" status, indicating volatility has already been released from a previous compression phase. This was necessary for prices to break past the heavy resistances and may suggest SOL has moved out of consolidation and is now in an active trending phase, which typically supports continued directional movement rather than choppy sideways action.

The visible range volume profile shows significant trading activity in the $150-160 zone, creating a strong support base. This high-volume node acts as a "magnet" that should provide support on any pullbacks, as many traders have positions in this area they're likely to defend.

Key Levels

• Immediate support: $160-162 (previous resistance turned support)


• Strong support: $150-155 (high-volume node and EMA confluence)


• Immediate resistance: $189.03 (horizontal resistance visible on chart)


• Strong resistance: $200-205 (psychological round number and measured move target)

XRP: Knocking on history's door

When it comes to XRP, there’s no other way to put this: the coin is delivering stunning returns for its true believers. XRP surged as high as $3.47 today, breaking past its 2018 all-time high of $3.40.

It now seems like a near-certainty that XRP will hit at least $3.50 sooner rather than later, with users on Myriad—a prediction market developed by Decrypt's parent company Dastan—placing the odds at a commanding 95%.



The current price represents a massive rally fueled by regulatory optimism surrounding crypto-friendly bills in the U.S. Congress and the launch of ProShares' XRP Futures ETF. With the token now practically in price discovery mode after breaking its long-standing triangle pattern, the technical setup suggests potential for significant further gains if the all-time high is decisively broken.

XRP's technical indicators are firing on all cylinders, painting an extremely bullish picture:

The RSI reading of 87 indicates extreme overbought conditions, as readings above 70 typically signal overextension. However, in strong trending markets, especially when breaking multi-year highs, RSI can remain overbought for extended periods. This is what traders call "embedded RSI," where the indicator stays above 70 while price continues higher.

While it warns of potential short-term pullbacks, it also confirms exceptional buying pressure that often accompanies historic breakouts.

With its ADX at 40, XRP shows an exceptionally strong trend. Readings above 25 indicate strong trends, but levels above 40 signal what is referred to as "power trends"—moves so strong they often continue beyond logical targets. Momentum traders should stay with the trend rather than fight it—but those who missed the bus should probably wait for a better moment unless they can handle the risk or a normal correction after all-time high levels.

Unlike Solana, XRP displays a perfect bullish EMA setup with the 50-day EMA well above the 200-day EMA. The price at $3.47 trades significantly above both averages, with strong separation between them. This configuration typically indicates a mature uptrend with institutional support, as longer-term investors have been accumulating throughout the move.

Technically speaking, the coin is so bullish that even a 25% drop would remain healthy and inside the broader bullish trend.

Key Levels

• Immediate support: $3.00 (psychological level and engulfing candle canceling today’s gains)


• Strong support: $2.69 (previous resistance zone)


• Price test zone: $3.40


• Next target at approximately $3.79 based on the 127.2% Fibonacci extension


• Ultimate target near $4.00-$4.05 based on the pattern's measured move and next round number

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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