SOL USD Demonstrating Indicators of Robustness: Are ALTs Surpassing BTC?
The beginning of this week did not generate significant confidence among the crypto trading community.
Solana
7.27%
Solana
SOL
Price
$156.26
7.27% /24h
Volume in 24h
$12.34B
Price 7d
today is starting a competition against BTC and displaying early signs of strength. Although it’s a bearish day for SOL USD, we can extract some intriguing insights from the charts below. Are we entering the long-anticipated altcoin season? Or is there more discomfort on the horizon? Let’s delve into what the technical analysis indicates.
SoLaNa Is DeAd
But…
– Solana ranked #1 in genuine economic impact (what users are willing to pay for blockspace): $8.5 million last week
– $29 billion in weekly spot DEX trading, exceeding the entire “Ethereum ecosystem”
– 540 million transactions weekly, three times that of ALL… pic.twitter.com/rmmJNCDp7D— vibhu (@vibhu) November 4, 2025
These fundamentals are quite strong! And projects with solid fundamentals are often reliable options for investment. The fact that Solana outperformed ETH in DEX volume over the past week is significant. For context, Solana’s trading market cap stands at $90 billion, while Ethereum’s is $420 billion. Should Solana align itself with Ethereum’s crypto market cap, SOL USD could potentially be trading at over $600.
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SOL USD Technical Analysis + SOL BTC Chart
(Source – Tradingview, SOLBTC)
Let’s kick off our examination with the SOL BTC Daily chart. In summary, we observe that the downtrend market trend has been disrupted, with a new high reached in September. We are now recording a higher low. I had anticipated that the higher low would match the previous one. However, even this second instance supports a optimistic crypto market structure. It’s crucial not to let it fall much lower.
(Source -Tradingview, BTCUSD on the left and SOLUSD on the right)
Simply examining these two 5-minute charts reveals that Solana is exhibiting stronger performance against the dollar today relative to Bitcoin.
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4H SOL USD Chart And Conclusions
(Source – Tradingview, SOLUSD)
If you recall from our previous analysis, there was a support area around ~$180 that traders desired to maintain. Bullish indicators were also present! Alas, it did not hodl. This is somewhat disappointing. However, when the trading market is apprehensive, it’s a favorable opportunity to invest. Or is it? For any upward movement and a wise investment, traders are keen to witness the $180 level and the Moving Averages. Conversely, the RSI is in the oversold territory – perhaps we will observe a rebound.
Adhere to your guidelines and practice sound risk management. We are not yet in the clear!
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SOL USD Demonstrating Strength: Are Alts Surpassing Bitcoin?
- SOL USD price fell below the $180 price floor. Must reclaim it for more price breakout!
- RSI on 4H indicates oversold conditions, suggesting a potential rebound soon.
- Price aims to achieve a higher low on the SOL Bitcoin chart.
- Solana’s fundamentals are robust.
The post SOL USD Demonstrating Strength: Are ALTs Surpassing BTC? appeared first on 99Bitcoins.
