🚀📊 Solana Outperforms ETH, BTC: What’s next for SOL Price? 🔎
$SOL 🧧🧧🧧
Solana price has been trending higher since September 6, gaining 25% and outperforming Bitcoin and Ethereum. SOL price has increased by 1.8% in the last 24 hours and is trading at $156. Solana did much better than BTC and ETH in Q3 2024, while Ethereum performed the worst of the three. Will SOL continue to post gains in Q4?
Solana outperformed Ethereum and Bitcoin in the quarter that ended yesterday. SOL price gained 6%, while Bitcoin price added 1.55%. Contrary to the others, however, the Ethereum price lost a whopping 23% in Q3.
Solana price chart shows a long-term upward trend following a significant correction. SOL price is forming a “Cup and Handle” pattern, a bullish continuation pattern.
The handle has been consolidating near the upper boundary of the cup, suggesting a potential breakout to the upside. A breakout above the resistance at $160 will serve as the confirmation trigger for a potential long-term price target of around $2,800 (based on the height of the cup).
The RSI shows a bearish divergence, making lower highs while the price moves higher, indicating a possible pullback or consolidation before a breakout occurs.
Solana price prediction shows the asset is poised to surge to new all-time highs. Short-term targets are $200, and long-term profit targets range from $350 to $500, with a potential extension toward $2,800 (as per the Cup and Handle pattern’s projection).
