SOL: Breaks BTC Daily MA Resistance
SOL at $78.37 breaks above daily MAs versus BTC for first time since summer 2025, opening buy-the-dip trades into August.
SourceAnalysis
SOL has reclaimed the daily moving average structure against BTC for the first time since summer 2025, shifting the Solana-Bitcoin pair into a sustained uptrend and marking the start of active dip-buying opportunities.
Price currently sits at $78.37 inside the Bollinger Bands with the upper band at $79.14 acting as immediate resistance. The 4-hour chart shows a bullish EMA alignment where the EMA50 at $73.41 and EMA200 at $74.37 now function as layered support, while MACD at 1.64 confirms the golden cross and RSI at 66.38 leaves room before overbought conditions. With price testing upper Bollinger resistance at $79.14 while RSI remains neutral, a healthy retracement toward the 50-EMA support at $73.41 appears probable before continuation higher, aligning with the SOL/BTC daily chart moving average breakout history observed in 2025.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast