📅 Latest Update: Solana (SOL) has been compared to Ethereum as its “killer,” and now analysts are assessing its position against Bitcoin (BTC). Following Ether (ETH)’s fall against BTC, a key question arises: Will Solana maintain its strength or face the same fate?

🔍 What the analysts say:

- 💰 Peter Brandt: Suggests that if Solana holds the $120 support, it could be ready for a major advance.

- 📈 VanEck: Projects that Solana could reach $330, which would be 50% of Ethereum's current market cap. However, institutional investors are still cautious about Solana.

- đŸ„Š Emerging Competition: The Sui Network could emerge as a strong competitor and challenge Solana's place as the leading Layer 1 alternative network to Ethereum.

đŸ”„What about the graphics?

SOL/BTC weekly price charts show a symmetrical triangle, suggesting a possible trend continuation. Here's what that means:

- 📉 Possible drop: If Solana breaks below the triangle, it could drop to 0.0018 BTC or even 0.0013 BTC.

- 📈 Possible upside: If Solana keeps the price above the 20-week exponential moving average (EMA) and breaks the resistance line, it could rise to 0.0039 BTC.

🔄 Triangle Pattern: SOL price oscillates between support and resistance lines. If buyers push the price above the resistance, it could be the start of a bullish breakout!

đŸ‘„ Real life examples:

- Investing in Solana is like buying shares of an up-and-coming company 📊: Imagine you're in the office and you hear that your company is launching a new product that could change the industry. If you own shares, you might get excited about the potential gains. The same is true for Solana: investors are on the lookout for key signals that indicate a bullish breakout.

- Solana's competition is like a new brand on the market 🏱: Think of a local coffee shop that has been a favorite for years, and suddenly a new coffee shop appears with better offerings and more innovative coffee. That's what's happening to Solana with the arrival of Sui Network. Solana will have to innovate and maintain its leadership.

💡 Conclusion: What does this mean for you?

1. The market is unpredictable: Analysts are divided. Solana could rise significantly or fall sharply. That's why it's important to monitor closely!

2. Wait for the breakout before investing: Since there is no certainty about Solana's future direction, it is best to wait for the charts to confirm the breakout before making any decisions.

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