SOL: Uptrend Holds After Breaking Bitcoin Downtrend
SOL at $81.4 maintains bullish structure versus Bitcoin after ending one-year downtrend, with analyst targeting $100+ levels on 4h chart support at EMA50 $79.04.
SourceAnalysis
SOL has broken its year-long downtrend versus Bitcoin and remains in an uptrend, positioning the token for continued strength toward the $100+ zone according to Michaël van de Poppe. The trader plans to add exposure on any deeper correction rather than chasing current levels. SOL price prediction models now factor in this structural shift after twelve months of relative weakness. On the 4h chart SOL trades at $81.4 inside the Bollinger Bands with upper resistance at $82.63; price action near that ceiling alongside neutral RSI at 54.86 and a MACD death cross suggests a healthy pullback toward the EMA50 support at $79.04 before the next leg higher, while the EMA200 at $75.91 anchors the broader bullish bias.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast