Solana is one of the leaders in this crypto bull market, and having consolidated since its $126 top on Christmas day, ethereum’s biggest competitor is getting nearer to a breakout.
Solana consolidation nearing completion
Source: Trading View
Solana is starting to look as though its next big runup is on the way. Currently up against the top of the consolidation triangle and also facing resistance which used to be support, $SOL still has to break through these obstacles before it can run higher.
$SOL still in uptrend against $BTC
Source: Trading View
Comparing $SOL with its $BTC pairing, the trend is still very much upward, and this has been the case since mid-September 2023. $SOL also reached its high against $BTC on Christmas day, and a correction of 32% did take place. However, the trend was not broken and has now resumed.
$SOL is becoming the $ETH of the last bull market
Source: Trading View
The SOL/ETH chart tells a similar story to that of SOL/BTC. The trend is still up, desp
We współpracy z: https://cryptodaily.co.uk/2024/01/solana-sol-draws-nearer-to-a-breakout
