Ethereum (ETH) has led the way over the last few months in the crypto market, but is it time for Solana (SOL) to have its own time in the sun now?
Beautiful uptrend for $SOL
Source: TradingView
The weekly chart for the $SOL price reveals a beautiful uptrend taking place. Not only that, but this week’s price action puts $SOL just above the major $202 resistance. Obviously we are only half way through the week so things could still change. However, the crypto market is due a solid bounce soon, and so a weekly close above this major level would be an excellent achievement for the $SOL bulls.
Once this last big resistance is held above, the route to the all-time high at $295 would be open. To get there, the price will need to break through the top of the ascending channel. This would in its turn be extremely bullish, and could add the momentum needed to get to the all-time high.
At the bottom of the chart, the Stochastic RSI indicators will need to bounce along the top of the range for long enough to also provide that upside price momentum.
SOL/ETH about to change trend
Source: TradingView
So how do we know that $SOL is going to take over the reins from $ETH , which has had such an amazing ride over these last few months? The answer is as clear as daylight in the above weekly chart for SOL/ETH.
It can be observed that $SOL was in a strong uptrend against $ETH from the beginning of 2024 and just into the second quarter of 2025. Nonetheless, it was at this point that it all changed. $ETH started on its rocketship rally that not only left $SOL behind, but also helped it to gain around 125% against the mother ship Bitcoin.
Looking at the chart above, it can be noted that SOL/ETH fell out of its ascending channel and went into a spiral in a descending wedge pattern. A perfect touch of the 0.618 Fibonacci arrested the slide, and it now looks as though SOL/ETH could break out of this descending wedge and head back to the ascending channel above.
At the bottom of the chart, the Stochastic RSI indicators have been dragging along the bottom for a while and look as though they are just about to angle back up, bringing momentum back in favour of $SOL.
$SOL at major resistance against $BTC
Source: TradingView
The above SOL/BTC chart is one that was published by Crypto Daily around a month ago. It showed $SOL breaking trend against $BTC at a price of 0.0014 BTC. Since then, $SOL has moved through two of the resistances, and is now up against the major 0.0018 resistance.
This would be a major price structure breakthrough and could lead to $SOL breaking above the descending trendline of the triangle. Surpassing the eventual target of 0.003 BTC would be the most incredible achievement for $SOL bulls, allowing them to push on to the all-time high for SOL/BTC at 0.0046 BTC.
