The truth is that we can find the answer by looking at SOLBTC (Solana vs Bitcoin). If we have a bearish SOLBTC then we know the market is about to tank and about to do so wildly. But, with a bullish SOLBTC we know Solana to be bullish and related altcoins as well. Let's dive into this chart and see what it has to say.
SOLBTC peaked March 2024. A peak is always followed by a correction and this time it took a while before support broke. SOLBTC went into distribution and crashed earlier to reach long-term support. The support zone established appeared just below 0.618 and right above 0.786 Fib. retracement. SOLBTC activated the lowest prices since November 2023.
This last part represents the rounded bottom on the chart between April and August 2025. Notice how SOLBTC is trading back above 0.618 Fib. retracement. This makes this a very strong bullish setup.
Back in September 2021, SOLBTC peaked and produced a drop. The drop or bear market resulted in a huge rounded bottom and from this bottom a recovery, the recovery leads to a bullish cycle and wave. Currently we are in this bullish cycle.
The recent drop is a long-term higher low. We are now entering a new recovery phase and this will lead to massive growth. Seeing SOLBTC being extremely bullish long-term, we know SOLUSDT (Solana vs Tether) is also set to grow. There you have your proof.
By the way, SOLBTC is now good for a LONG trade. I will give this chart a closer look.
Namaste.
#BNBATH880 #CryptoRally #AKEBinanceTGE #MarketPullback #FOMCMinutes
