Analysis: SOL may usher in a rise due to a gold cross pattern and new funding support
Source: Binance
Time: 2025-08-29 09:44:14
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 ETH already outperforming Bitcoin in recent years. SOL is currently trading in an extended wedge mode with resistance in the range of $295-$300. Companies such as Galaxy Digital plan to raise more than $1 billion for the Solana fund, which could drive further SOL prices.