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Solana Breaks Bitcoin Downtrend as SOL Price Targets $90 Resistance
Solana (SOL) broke a year‑long downtrend against Bitcoin (BTC) after analyst Michaël van de Poppe noted the move, with SOL trading near $80, though the breakout does not automatically mean SOL will also break above $90 in US‑dollar terms.
Published:
Updated:
What happened
Solana (SOL) broke a year‑long downtrend against Bitcoin (BTC) after analyst Michaël van de Poppe noted the move, with SOL trading near $80, though the breakout does not automatically mean SOL will also break above $90 in US‑dollar terms.
Confirmed
Global impact / market context
The shift in SOL/BTC relative strength signals that Solana may be gaining momentum, which could lift its dollar price, attract more investor interest, and boost funding for projects built on the Solana blockchain.
Analyst inference
Crypto markets have been dominated by Bitcoin’s price trends, and a break in SOL’s downtrend against BTC suggests a possible rotation of capital toward altcoins, potentially altering risk‑on dynamics within the broader digital‑asset space.
Analyst inference
What to watch
- Whether SOL can sustain its rise and breach the $90 resistance level, which would confirm a dollar‑price breakout. Proposed
- Bitcoin’s price direction, because a strong BTC rally could limit SOL’s upside despite the relative‑strength gain. Proposed
- Analyst commentary and on‑chain metrics for Solana, which may signal further investor confidence or reveal underlying weaknesses. Proposed
Affected assets
- BTC — Bitcoin
- SOL — Solana