Is the bull season coming? These 2 altcoins will start the rally!

Solana: Is a tech boom imminent? Target: $390

Solana has initiated a new upward wave in recent months by finding strong support at the level of $147. Technical analysis experts point to the ascending triangle formation visible on the chart. This formation usually represents strong buying pressure, and a breakout above 288 could open targets between 350 and 390.

Furthermore, the expansion of the Bollinger Bands and the price approaching the upper band suggest that the upward movement could continue with increased volatility. In particular, from a technical perspective, the breakout from the descending wedge formation supports these bullish expectations. Analysts see $275 as the first short-term target.

Institutional Investors: Solana ETFs on the way

One of the most exciting developments for Solana has been its ETF applications. The filing of Solana-based ETFs with the SEC could pave the way for significant institutional inflows, especially in combination with the new SEC chairman's actions to eliminate regulatory uncertainties. This creates momentum but no pressure on the price.

At the same time, developer activity on the Solana network has reached record levels. This indicates that on-chain usage is increasing and the long-term potential of the network is being recognized by more and more investors. In short: Solana is growing not only in price but also in infrastructure.

Cardano whales are on the move: In which direction will the price develop?

Perhaps the most important signal for Cardano came from on-chain data. The number of whale addresses with 1 to 10 million ADA increased from 2,405 to 2,408. This small but significant increase shows that large investors are repositioning themselves. When whales start buying again, it is usually a sign that prices will rise sharply.