Key Points:
In the past, the golden cross of SOL/BTC triggered a 1,000% surge in the SOL/USD currency pair.
The backdrop of altcoin season and nearly $3 billion in new treasury purchases have enhanced Solana's upside potential.
Solana (SOL) is exhibiting a rare golden cross signal against Bitcoin (BTC), a technical pattern that has historically propelled BTC and dollar-denominated parabolic rises.
As of Thursday, the 50-day simple moving average (50-day SMA; red line) of SOL/BTC is breaking above the 200-day SMA (blue line), confirming the golden cross pattern.
Analyst Ran Neuner noted, "We have seen this before… in 2021, 2023, and now forming again in 2025," emphasizing that this pattern "clearly indicates a significant market movement for SOL is imminent."
The first golden cross of SOL/BTC in early 2021 triggered a breakthrough rise of approximately 1,900% against BTC. The second cross in mid-2023 produced similar results.
Additionally, the rise of SOL/BTC coincided with a significant surge in the SOL/USD currency pair. For instance, after the confirmation of the SOL/BTC golden cross in 2021, Solana surged 1,890% against the dollar, skyrocketing from $13 to over $260.
After the second SOL/BTC golden cross in 2023, Solana rebounded over 1,000%, from around $20 to above $250.
These bullish trends in SOL/USD and SOL/BTC have previously coincided with a broader "altcoin season," a period when funds shift from Bitcoin to high-beta tokens.
In 2021, Solana's breakout coincided with the rise of the DeFi craze, boosting the entire altcoin market. In 2023, the market followed a similar trajectory as liquidity surged into altcoins following the recovery of FTX.
This year, the market backdrop appears equally favorable. Ethereum (ETH) has outperformed BTC in recent months, which is often seen as an early signal of a strong altcoin season.
At the same time, historical BTC halving cycle patterns indicate that liquidity expansion and capital rotation typically accelerate a year after a halving, a pattern that may again create favorable conditions for a significant rise in Solana.
Solana (SOL) is currently trading within an expanding wedge (also known as a megaphone pattern), with its upper trend line intersecting the $295-$300 region, which is expected to become the next major resistance level by October.
In this technical pattern, the SOL/USD trading price remains consistently above the 50-week and 200-week exponential moving averages (EMA), while the weekly relative strength index (RSI) holds a bullish level of 61, indicating strong upward momentum.
Fibonacci retracement levels further confirm the importance of the $295 region as a key breakout point.
From a fundamental analysis perspective, Solana's optimistic outlook is strongly supported by the growing demand for corporate treasury growth.
This week, Galaxy Digital, Jump Crypto, and Multicoin Capital announced plans to raise over $1 billion for a Solana treasury fund supported by the Solana Foundation.
Meanwhile, Sharps Technology has committed to investing $400 million into its Solana reserves, and Pantera Capital is advancing a $1.25 billion Solana-focused investment vehicle.
These initiatives collectively represent nearly $3 billion in potential new demand within institutional portfolios. This could further enhance SOL's potential to break through the $300 price level in the coming weeks.
Related: Bitcoin (BTC) ignores new "OG" whale sell-off, price rises to $113,000
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
Original article: “Solana (SOL) vs. Bitcoin (BTC) Chart Points to Explosive Breakout, SOL Price $300”
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