Solana surpasses Bitcoin and Ethereum this week

9:30 AM ▪ 5 min read ▪ by Luc Jose A.

Stay informed ▪ Altcoins

While Bitcoin and Ethereum cautiously advance in a calmer market, it is Solana that steals the spotlight. In one week, its price skyrocketed by 16.5%, overshadowing the performance of the two historical pillars. This advance is not trivial: it occurs in a context of returning to fundamentals, where investors are once again observing technical signals and the solidity of projects. Solana, long relegated to the background, now seems to be repositioning itself as a serious candidate for leadership in the next cycle.

In summary

Solana records a spectacular rise of +16.5% in one week, surpassing Bitcoin and Ethereum.

This performance is linked to the regulatory advancement surrounding a spot SOL ETF in the United States.

The price of Solana surpasses important technical levels, above its weekly EMAs of 50 and 200.

The resistance zones between $160 and $180 may condition Solana's future movement.

Solana driven by hopes of a spot ETF in the United States

Solana's rise this week can be explained by a well-identified fundamental factor: the progress of the regulatory process aimed at creating a spot ETF backed by SOL in the United States.