Latest Update
8/31/2026 12:16:00 PM

SOL: Breaks One-Year Downtrend vs Bitcoin

SOL: Breaks One-Year Downtrend vs Bitcoin

SOL breaks one-year downtrend against Bitcoin with 30% upside target at current $101.98 price, per Michaël van de Poppe analysis.

Source

Analysis

Michaël van de Poppe highlights the SOL Bitcoin ratio breaking a one-year downtrend, signaling further gains with a 30% target zone ahead as altcoin recovery trends accelerate.

The move positions SOL for continued outperformance in Bitcoin pair breakout setups and supports broader SOL price prediction models favoring upside continuation.

Price action on the 4-hour chart shows SOL at $101.98 testing the upper Bollinger Band resistance at $108.27 while the RSI at 44.94 remains neutral. With the EMA50 at $100.15 acting as immediate support and EMA200 at $87.18 providing longer-term floor, the MACD death cross at 0.82 signals caution even as the overall trend stays bullish, suggesting a healthy retracement to the 50-EMA support before extension toward the 30% target.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast