Ethereum

bullish

Solana

Bitcoin

Resistance

<ul class="wp-block-list">
 <li>Solana outperformed Bitcoin and Ethereum, gaining 25% in the last month.&nbsp;&nbsp;</li>  
 <li>Analysts predict SOL could reach $165, driven by increased trading volume.&nbsp;&nbsp;</li>  
 <li>Historical trends suggest October favors crypto, boosting Solana’s bullish outlook.&nbsp;&nbsp;</li> 
</ul>  
<p><a href="https://cryptonewsland.com/solana-expected-to-reach-half-of-ethereums/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> is stealing the spotlight after a notable Q3, leaving Bitcoin and Ethereum trailing. Rising from its August stumble, SOL now leads the charge, outperforming its heavyweight competitors.&nbsp;</p>  
<p>In the past month, trading volume surged, and prices followed suit. Additionally, Solana DEX trading has surpassed Ethereum for the first time in 43 days, as the post below highlights.</p>  
<p>Q4 is showing positive growth and key market trends are aligning.&nbsp;</p>  
<p>Now, many wonder if the next breakthrough could push SOL to new heights. Meanwhile, experts consider $165 as the next major target.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Cointelegraph/status/1841428672974107095?t=-VVpYsyp-DN6uKNfnTFnAA&amp;s=19
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-solana-s-q3-surge-and-market-trends">Solana’s Q3 Surge and Market Trends</h2>  
<p>Solana’s impressive 6% rise in Q3 was remarkable, especially compared to Ethereum's 23% loss. Even Bitcoin’s modest 1.55% growth paled in comparison to SOL’s consistent upward trend.&nbsp;</p>  
<p>In the past month, <a href="https://cryptonewsland.com/solana-set-for-potential-5x-surge-experts-break-down-the-timeline/" target="_blank" rel="noopener noreferrer nofollow">Solana gained 25%</a>, outperforming both major cryptos. This rise in value highlights SOL's resilience amid a competitive market. Key market conditions further fueled this surge.&nbsp;</p>  
<p>BTC hit $65,000, and the <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve's interest rate cut</a> triggered more risk-taking among investors. With growing fears surrounding the US dollar, attention shifted to cryptocurrencies, and Solana seized this moment.</p>  
<h2 class="wp-block-heading" id="h-october-s-bullish-history-and-resistance-at-165">October’s Bullish History and Resistance at $165</h2>  
<p>Historically, October has favored crypto markets, and SOL seems poised to ride the wave. Despite facing resistance at $163, increased trading volume and whale activity could push Solana toward $165 soon.&nbsp;</p>  
<p>Analysts believe the next test could send SOL skyrocketing, with short-term targets of $200. Additionally, market sentiment and <a href="https://www.investopedia.com/top-7-technical-analysis-tools-4773275" target="_blank" rel="noopener noreferrer nofollow">technical indicators</a> suggest that the price of Solana will likely experience a significant growth soon.</p>  
<p>As Q4 continues to unfold, SOL’s long-term potential remains bright, with projections ranging from $350 to $500. Whether this bullish trend will continue remains to be seen, but the stage is set for a thrilling end to 2024.</p> 
<p>The post <a href="https://cryptonewsland.com/sol-outpaces-eth-and-btc/" rel="noopener noreferrer nofollow">SOL Outpaces ETH and BTC, Is $165 the Next Target?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SOL Outpaces ETH and BTC, Is $165 the Next Target?

Table of Contents

Crypto News Land

Other articles published on Oct 2, 2024

FTX Hearing Set for October 7: Key Details on the Payout Process

BlockDAG’s $1M Giveaway Fever – The Coin Everyone Wants ICP Price Eyes Surge & Aptos Prediction T...

Toncoin (TON) Onchain Metrics and Price Action Suggest Impending Rally Despite Ongoing Dip

Proof Arena Launches Benchmarking Platform for Zero-Knowledge Proofs

Wormhole Token Surges 20% Following Upbit Listing

Top Crypto Staking Platforms: How to Pick the Best One

Join our free newsletter for daily crypto updates!