Solana’s coiling price against Bitcoin suggests it could be ready for a breakout soon.
Solana (SOL) loyalists believe the blockchain is an Ethereum killer; hence, comparisons were bound to happen after Ether (ETH) slid to a three-and-a-half-year low against Bitcoin (BTC), last seen in 2021. The central question is whether Solana will hold its own against Bitcoin or lose ground similar to Ether.
Analysts are divided about Solana’s next trending move. While some expect the price to decrease, others believe a breakout could be possible. In a Sept. 20 X post, veteran trader Peter Brandt said that Solana holding the $120 support could prepare it for a “sizable advance.”
Crypto market data daily view. Source: Coin360
