Solana Crushes Bitcoin & Ethereum: This Week’s Crypto Performance King

Solana just lapped the crypto old guard—again. While Bitcoin trudges along like digital gold and Ethereum wrestles with gas fees, SOL’s chain is firing on all cylinders. Here’s why traders are flipping stacks into the speed demon.

The Need-for-Speed Advantage

No congested mempools, no $200 NFT mint fees—just raw throughput. Solana’s architecture eats bull runs for breakfast, and this week’s price action proves it. Meanwhile, ETH maximalists are still waiting for their next L2 solution to ‘fix everything’.

Institutional Whispers

Rumors swirl about hedge funds quietly rotating into SOL futures. Could be the 24/7 uptime, could be the fact VC-backed chains always get a second look when the SEC starts barking elsewhere. Either way, money talks.

The Cynical Take

Let’s be real—half these gains are just degens chasing the next shiny thing after missing Bitcoin’s 2023 rally. But hey, in crypto, momentum is momentum until the next ‘highly correlated’ market dump.

In brief

• Solana records a spectacular increase of +16.5% in one week, outshining Bitcoin and Ethereum.
• This performance is linked to regulatory progress around a US spot SOL ETF.
• Solana’s price crosses major technical thresholds, above its 50 and 200 weekly EMAs.
• Resistance zones at 160–180$ could determine the next move for Solana.

Solana propelled by hope for a US spot ETF

Solana’s surge this week is explained by a well-identified fundamental element: the progress of the regulatory process towards the creation of a spot ETF backed by SOL in the United States.

This news has been the main driver of the 16.5 % rise, which pushed the crypto to $158.12. Solana is the star of the week among the top ten cryptos by market capitalization, thus taking precedence over Bitcoin and Ethereum in terms of performance.

This enthusiasm comes as financial markets, eased by the Fed’s rate hold and the drop in oil prices, offer a more favorable environment for risky assets.

On the technical side, several key signals strengthen this momentum, although the underlying trend remains to be confirmed:

• The SOL price has crossed two key technical thresholds : the 50-week exponential moving average, around $150, and the 200-week average, near $100, thus validating a typically bullish setup ;
• The RSI indicator stands at 59, indicating a still moderate bullish momentum but far from overbought zones ;
• The ADX remains low at 13, which means “Solana has not yet established a solid long-term trend environment” ;
• Finally, the “ON” status of the Squeeze Momentum Indicator signals a phase of volatility compression, often a precursor to extended moves.

These elements show that while the current impulse is real, it rests on a combination of favorable regulatory news and positive but still fragile technical signals.

A still fragile technical surge, but full of potential

Beyond the announcement effect linked to the crypto ETF, it is the analysis of on-chain technical data that provides the keys to interpret the next phase of the movement. The RSI (Relative Strength Index) has risen to 59, signaling a “moderate bullish momentum”, without yet being in the overbought zone, traditionally above 70.

This level suggests there is still room for growth before technical profit-taking might slow the momentum. Furthermore, the Squeeze Momentum Indicator shows an “ON” status, indicating that volatility remains compressed despite the strong price rise.

Historically, this type of compression on a weekly timeframe can precede more sustained major moves.

Moreover, the importance of trading volume during this market phase plays a decisive role. solana surpassed $140 “on rising volume”, and the $100 to $120 zones are now identified as “high volume accumulation areas”, which strengthens the support’s solidity within this range.

However, the $160 to $180 level represents a first significant barrier, regularly tested since 2024. A break above this zone, coupled with an ADX rebound above 20, WOULD be seen by analysts as a trigger for a more structured bullish cycle.

In the short term, the market seems to grant Solana the benefit of the doubt in a context where the major cryptos are still searching for direction. If the spot ETF were to materialize and push the price to new records, it could be a major catalyst capable of firmly establishing SOL in the institutional asset landscape. However, as long as trend indicators are not validated, the scenario of a simple technical rebound within a broad consolidation range cannot be ruled out.

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