Solana explodes while Bitcoin and Ethereum stagnate!

While Bitcoin and Ethereum are progressing cautiously in a peaceful market, solana steals the show. In one week, its course flew by 16.5 %, overshadowing the performance of the two historic pillars. This breakthrough is not anecdotal: it is part of a context of returning to the fundamentals, where investors scrutinize the technical signals and the solidity of projects again. Solana, long relegated to the background, now seems to reposition himself as a serious pretender to the leadership of the next cycle.

Solana propelled by the hope of an ETF Spot in the United States

Solana's outbreak this week is explained by a well identified fundamental element: the progression of the regulatory process with a view to creating an ETF Spot backed on the ground in the United States.

This news was the main engine of the 16.5 %increase, which brought the crypto to $ 158.12. Solana is the star of the week among the first ten cryptos by capitalization, thus taking precedence over Bitcoin and Ethereum in terms of performance.

This runaway comes as the financial markets, appeased by the maintenance of the Fed rates and the drop in oil prices, offer land more conducive to risky assets.

On the technical side, Several key signals strengthen this dynamic, although the substantive trend remains to be confirmed:

• The soil course has crossed two key technical thresholds: the exponential mobile average over 50 weeks, located around $ 150, and that over 200 weeks, close to $ 100, thus validating a typically upward configuration;
• The RSI indicator is 59, indicating a still moderate bullish momentum, but far from the over -racket areas;
• The ADX remains weak, at 13, which means that “Solana has not yet established a long -term solid trend environment”;
• Finally, the “On” status of the Squeeze Momentum Indicator signals a phase of compression of volatility, often a pioneer of prolonged movements.

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

A technical push still fragile, but full of potential

Beyond the announcement effect linked to the Crypto ETF, it is the analysis of the Technical On-Chain data that provides the keys to interpret the rest of the movement. The RSI (relative Strength Index) indicator rose to 59, reporting a “Moderate bullish momentum”without being in the Surachat zone, traditionally located above 70.

This level suggests that there is still a margin of progression before technical profits take the momentum. In addition, the Squeeze Momentum Indicator tool displays a status “On”which indicates that volatility remains compressed despite the high price increase.

Historically, this type of compression on a weekly time unit can precede more sustainable movements.

In addition, the importance of the volume of exchange in this market phase plays a decisive role. Solana crossed the 140 dollars “On an increasing volume”and areas from 100 to 120 dollars are now identified as “Building areas at high volume”which strengthens the solidity of the support in this range.

However, the level of 160 to 180 dollars represents a first significant barrier, regularly tested since 2024. A crossing of this area, coupled with an ADX rebound above 20, would be perceived by analysts as a trigger for a more structured bullish cycle.

In the short term, the market seems to grant So Solana the benefit of doubt, in a context where large cryptos are still looking for their management. If the ETF Spot were to materialize and propel the price to new records, it could constitute a major catalyst, capable of permanently installing the soil in the landscape of institutional assets. However, as long as the trendy indicators are not valid, the scenario of a simple technical rebound in a wide consolidation range cannot be dismissed.