Solana Beats Bitcoin and Ethereum; Analysts Predict $600 Bull Run Maximum
A recent MV Capital poll shows Solana (SOL) will beat Bitcoin (BTC) and Ethereum (ETH) in the future market cycle. Solana might reach $600, a fourfold rise from $217.46, according to analysts.
The poll of 76 liquid and venture capital crypto allocators found that over 30% anticipate Solana to lead this cycle.
Cryptocurrencies' political support, notably Donald Trump's, boosts Solana's growth. Trump, calling himself the “Bitcoin President,” has supported Bitcoin and digital assets, raising market hopes for deregulation over the next four years.
U.S. Solana ETF acceptance might represent a regulatory move. By July, Cboe suggested listing VanEck and 21Shares Solana ETFs. A crypto-friendly SEC chairman in Trump's cabinet might speed up this, improving Solana's visibility and liquidity.
Memecoin trade has also helped Solana's ecology. Goatseus Maximus (GOAT) reached $400 million in a week. Solana's meme coin trading site Pump.fun has produced $100 million in revenue in seven months, making it the fastest-growing protocol in crypto history.
Activity has increased Solana's Total Value Locked (TVL) to a two-year high of approximately 42 million SOL in October, a 13% month-over-month rise. Solana's explosive expansion in the present market contrasts with Ethereum's steady TVL at 17.7 million ETH.
Solana is bullish after breaking a falling triangle. The price surpassed a double top at $215, suggesting a trend reversal. Another bullish bar after a bullish engulfing candle signals additional higher action.
At $208.53, Solana's price has passed over the 50-day Exponential Moving Average (EMA), providing strong support. The RSI is 59.73, showing moderate bullish momentum with opportunity for growth.
Conclusion: Solana's breakthrough from the falling triangle and supporting technical indicators suggest greater resistance. A sustained advance above $225 might push the price to $230 and beyond as bullish momentum builds.
#SOLFutureRise #CPIUpdateOctober $SOL
