Will Solana skyrocket? Key charts shared by analysts

Analyst Will Clemente shared an important price chart for Solana on September 30 — one you may not have seen. This chart compares Solana to Ethereum. Although the asset continued to fall against ETH in September, the situation has since changed, and analysts indicate that a reversal may now occur.

Compared to Ethereum, Solana’s performance showed a significant downward trend in September, indicating that ETH is outperforming SOL. But recent events have fueled rumors of a possible reversal.

When comparing SOL to ETH on a weekly basis, the chart shows stability and a potential upward trend. When comparing Solana's chart to the U.S. dollar (USD), the story is different. Despite changes in the market, SOL has performed well and continues its upward trend.

SOL is trading above the 50-day EMA and 200-day EMA, indicating a bullish trend, which is adding to its resilience. The SOL/ETH chart, on the other hand, shows the relative performance of both assets.

While Solana performed well against the USD, it underperformed against Ethereum. According to the latest charts, SOL appears to be preparing for an ETH-related recovery. If Solana can break through significant resistance levels against Ethereum, market dynamics may change.

If Solana and Ethereum begin to move higher at the same time, the interplay between their respective performances will be extremely critical. Solana's performance against Ethereum will determine whether it can regain its lost ground; however, its strength against the US dollar may set the stage for a strong rally. With each asset riding on the momentum of the other, synchronized gains in both assets could lead to huge gains for investors. #SOLFI #sol板块 $SOL