The Solana (SOL) price has been in the doldrums for quite some time now. However, with Bitcoin (BTC) looking as though it may be about to put on a surge out of its bull flag, $SOL is ready to not just match this, but to outperform $BTC over these next few weeks.
(SOL/USDT) breakout in favour of $SOL
Source: TradingView
Starting off with $SOL against its $USDT pair on the weekly time frame, it can be seen that the price has broken out of the descending wedge and is consolidating above the breakout. The Stochastic RSI at the bottom of the chart is showing a cross back up of the indicator lines which should signal a rise in the $SOL price. If the bulls can get the price beyond the $158 horizontal resistance level this could help to propel it to $180 and a higher high just beyond this.
W bottoming pattern could help propel $SOL to higher high against $BTC
Source: TradingView
The weekly chart for $SOL against its $BTC pair (SOL/BTC) reveals that $SOL has confirmed the breakout of the descending trendline, which has been in $BTC’s favour since mid-January 2025. As can be noted in the chart, a W bottoming pattern has formed which could help to propel $SOL back above the big triangle pattern.
At the bottom of the chart, the Stochastic RSI shows a cross back up of the indicator lines - another signal that $SOL is about to start outperforming $BTC. The same thing could be about to happen in favour of $SOL in the 2-week chart, with the indicator lines right at the bottom, with therefore a lot more room and time to move upwards.
(SOL/ETH) pair about to move in favour of $SOL
Source: TradingView
Not only is $SOL about to outperform $BTC, but it should start outperforming $ETH as well. The ascending channel in the 2-week chart above is not a bullish pattern as such, but if the $SOL bulls can manage to get the price back into the channel, a swing back to the top of this channel could be expected to take place, which could result in a 60% gain for $SOL over $ETH. The support belt that the price is currently resting on is also perfect for a bounce back to the upside from $SOL.
At the bottom of the chart, the Stochastic RSI has the indicators right at the lowest point. When they tick back up again this should signal that price momentum will be in favour of $SOL.
