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The start of this week did not instill a great conviction for the crypto market trading community.
7.27%
today is beginning a rivalry against Bitcoin and showing initial signs of strength. Even though it’s a red day for SOL USD, we will see some interesting insight on the charts below. Are we in for the long-awaited altcoin season? Or is there more pain ahead of us? Let’s find out what technical analysis reveals.
SoLaNa Is DeAd 🤡
Except…
– Solana was #1 in real economic value (what people pay to access blockspace): $8.5 million in the past week– $29 billion in weekly spot DEX volume, higher than the entire “Ethereum ecosystem”– 540 million weekly transactions, 3x more than ALL… pic.twitter.com/rmmJNCDp7D
— vibhu (@vibhu) November 4, 2025
These are some great fundamentals! And projects with great fundamentals tend to be a good place to park one’s money. The fact that Solana had higher DEX volume than Ethereum over the past week is telling. For reference, Solana’s market cap is $90 billion, and Ethereum has a market cap of $420 billion. If Solana catches up with Ethereum’s market cap, SOL USD will be trading at +$600.
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SOL USD Technical Analysis + SOL BTC Chart
(Source – Tradingview, SOLBTC)
Let us begin our analysis with the SOL BTC Daily chart. Briefly, we can see that the bearish market structure has been broken with a new High made in September. And we are currently printing a Higher Low. I thought the Higher Low would be the previous one. But even this second one fits into a bullish market structure. We would not want it to go much lowe though.
(Source -Tradingview, BTCUSD on the left and SOLUSD on the right)
Just a quick glimpse at these two 5-minute charts shows us that Solana is stronger against the dollar today compared to Bitcoin.
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4H SOL USD Chart And Conclusions
(Source – Tradingview, SOLUSD)
Now, if you remember from our previous analysis, we had this support level at ~$180 that traders loved and wanted to hold. There were also some bullish signals! Well, it did not hold. And that is a bummer to a degree. But when the crowd is fearful, then it is a good time to buy. Is it though? For a further upside and a worthwhile investment, traders want to see that $180 level, and the Moving Averages. RSI, on the other hand, is oversold – maybe we will see a form of a bounce.
Follow your rules and stick to good risk management. We are not out of the woods yet!
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SOL USD Showing Signs Of Strength: Are Alts Outperforming Bitcoin?
SOL USD price broke below $180 support. Needs to reclaim for further upside!
RSI on 4H is oversold, hinting at possible bounce soon.
Price is looking to find a higher low on SOL BTC chart.
Solana fundamentals are showing strength.
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