Here’s Where Solana Is Starting to Look Stronger Than Ethereum

On-chain data shows Solana faces a massive resistance wall at $190, where 8 million SOL were bought A classic “cup-and-handle” pattern is forming, with a breakout above $190 signaling a major rally Solana is also starting to outperform Ethereum, with 3x the network revenue and stronger price action The Glassnode Cost Basis Distribution heatmap shows a large accumulation of Solana around the $190 level, which is about 8 million tokens held at that price zone. This cluster marks a strong resistance level – if demand continues and SOL breaks through convincingly, the path could open for a bullish acceleration. Solana has rallied nearly 15% in the last seven days, consolidating just below the $180-190 resistance. Analysts suggest that reclaiming $190 (and then the $200 range) would likely trigger a fresh bullish phase. Also, SOL saw a spike in daily trading volume by almost 70%, reaching approximately $7.9 billion. It seems that the rally in SOL is part of a wider altcoin upswing driven by Bitcoin approaching all-time highs, and notable legislative momentum around crypto (passing of US crypto bills ). As such, Solana’s recent recovery (a month or so … The post Here’s Where Solana Is Starting to Look Stronger Than Ethereum appeared first on Coin Edition .

Source: Coin Edition