Solana 
$106 (SOL), one of Ethereum 
$2,482‘s biggest competitors, has experienced a surge following the rise of Bitcoin (BTC) 
$82,774. While ETH remains relatively stable, SOL’s price is above $173. Cryptocurrency market participants believe that a bullish environment is imminent with the upcoming US elections just days away.
Bitcoin (BTC)
For a general market recovery, Bitcoin (BTC) must surpass its all-time high in 2024. If BTC crosses the $73,777 mark, the excitement of a new all-time high could stimulate demand from sidelined participants. Despite high prices, Google search trends remain low, indicating the potential for a larger rally.
In today’s market analysis, Jelle stated that the days when everyone sees themselves as an “investment genius” are near. With the breakout in his chart targeting $90,000, prices are expected to continually rise.
“It seems everyone will soon be a genius again. Bitcoin appears ready for price discovery.”
Moustache remarked, “This is what we want to see,” while sharing the graph below. Many analysts are highlighting the cup and handle pattern, and he is one of them.
“Here’s what you want to see. BTC successfully completed yesterday’s weekly close above the lower handle. This cup and handle has been forming for 3.5 years! Next week, we have the US elections. Everything seems to align perfectly.”
What Will Solana (SOL) Price Be?
As this article is being prepared, SOL Coin’s price stands at $173. We previously mentioned that $188 is a crucial level before any significant rally. After several attempts to rise from the $138 level, SOL Coin is now hesitating at this critical point.
This trend is not only beneficial for SOL Coin but also boosts the overall market, as such rises in large-cap altcoins help elevate the entire market. In particular, the anticipated increase in BTC prices combined with support from meme coins in its ecosystem holds great potential for a more robust rally.
Carl highlighted $185 as a key resistance level in today’s chart, noting that closing above this level could trigger a potential increase of up to 62%.
