According to BlockBeats, VanEck is bullish on Solana. In a report on September 25, it is expected that Solana's price will reach $330 in this round, soaring to 50% of Ethereum's current market value.
Analysts said that the SOL/BTC exchange rate has formed a symmetrical triangle, which usually shows up as a continuation pattern. If the price stays above the 20-week moving average, the SOL/BTC exchange rate could break through the resistance line and rise to 0.0031 BTC, with the ultimate target of 0.0039 BTC.
If the price falls below the triangle, the SOL/BTC exchange rate may fall to 0.0018 BTC and then to 0.0013 BTC. The price oscillates between the support and resistance lines, and it is difficult to predict the breakthrough direction. It is recommended to wait for a breakthrough before making a large bet.
