Solana (SOL) is flashing a technical signal that has historically preceded explosive rallies, both versus Bitcoin (BTC) and in U.S. dollar terms.
A Golden Cross Setup Returns
The SOL/BTC pair is on the verge of confirming a golden cross, with its 50-day simple moving average (SMA) preparing to climb above the 200-day SMA. This pattern has previously marked the start of parabolic moves for Solana.
Market analyst Ran Neuner highlighted the importance of the setup, noting that similar crosses in 2021 and 2023 triggered massive upside. He suggested the 2025 formation could be setting up the same type of breakout.
- In 2021, the golden cross fueled a surge of nearly 1,900% versus BTC, which also coincided with SOL/USD rallying from around $13 to above $260.
- In 2023, the same formation helped push Solana from roughly $20 to more than $250 — a gain of over 1,000%.
These rallies didn’t happen in isolation. They lined up with broader “altseason” moments when capital shifted from Bitcoin into high-risk, high-reward altcoins.
Conditions Look Favorable in 2025
The current backdrop appears equally supportive. Ethereum has been outperforming Bitcoin in recent months, a trend often viewed as an early signal that altcoins are about to gain momentum.
On top of that, Bitcoin’s historical post-halving cycles tend to bring more liquidity and a shift toward alternative tokens — dynamics that could once again boost Solana’s upside.
Technical Target: $300
From a charting perspective, Solana is trading within a broadening wedge (megaphone) pattern. The upper boundary of this structure points to the $295–$300 range as the next major resistance level by October.
SOL is currently holding above both its 50-week and 200-week exponential moving averages, while the weekly RSI remains in bullish territory around 61. This strengthens the case for continued upside.
Fibonacci retracement levels also highlight the $295 zone as a critical breakout level to watch.
Institutional Demand Adds Fuel
Beyond the charts, Solana’s fundamentals are being reinforced by growing institutional interest.
- Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly working on a $1 billion+ Solana treasury fund in partnership with the Solana Foundation.
- Sharps Technology committed $400 million to Solana reserves.
- Pantera Capital is preparing a $1.25 billion Solana-focused vehicle.
Altogether, nearly $3 billion in potential new demand could be directed toward Solana in the coming months — providing the fuel it needs to attempt a move toward $300.
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