Solana could see a significant uptick as gold crossover and nearly $3 billion in new funding

According to Cointelegraph, Solana (SOL) has a rare golden cross, similar to Bitcoin (BTC)’s historical trend, which may drive a sharp rise in SOL/USD and SOL/BTC. Analyst Ran Neuner pointed out that the gold crossing in 2021 and 2023 triggered an increase of about 1,000% for SOL. The rises in SOL/USD and SOL/BTC are usually synchronized with “altseason”, with funds shifting from Bitcoin to high beta tokens. This year's background also supports this trend, with Ether (ETH) already outperforming Bitcoin in recent years. Solana is currently trading in an extended wedge pattern with resistance in the $295-$300 range. Companies such as Galaxy Digital plan to raise more than $1 billion for the Solana fund, which could drive further SOL prices.