Why $SOL can lead the next altcoin surge

Nevertheless, it’s on the weekly chart where the possibilities for SOL can be fully understood. Staying above the trendline, and breaking the $202 resistance level is paramount, but it’s at the bottom of the chart from where bulls can take their inspiration.

The indicators on the weekly Stochastic RSI are almost at the bottom. This is a more advanced state than for any other major altcoins, and is the reason why SOL can rise first, as the full thrust of momentum gets under the price and forces it higher.

There is still some way to go, but it looks like the indicator lines should bottom by the end of this week, and the first angling upward could even take place the following week.

SOL has also recently bounced from the bottom of a bull flag, plus from major support, for its $BTC pair (SOL/BTC). If SOL can go on to break through the top of this bull flag, there won’t be much that can stop the $SOL price from rocketing over the final stage of the bull market. Keep all eyes peeled on this one.

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