Analyst Will Clemente has shared an important price chart for Solana for September 30, one you probably haven’t seen. The chart compares Solana to Ethereum, and while the asset has been falling against ETH in September, things have changed since then, and the analyst suggests a reversal could occur. incoming now.
Analyst Will Clemente has shared an important price chart for Solana for September 30, one you probably haven’t seen. The chart compares Solana to Ethereum, and while the asset has been falling against ETH in September, things have changed since then, and the analyst suggests a reversal could occur. incoming now.
Compared to Ethereum, Solana’s performance in September revealed a clear downward trend, suggesting that ETH was outperforming SOL. But recent events have led to rumors of a possible reversal.
When comparing SOL to ETH on a weekly basis, the chart indicates stabilization and possible upward movement. When the Solana chart is compared to the US Dollar (USD), a different picture emerges. Despite the changes in the market, SOL has performed well and continues its upward path.
Alex DovbnyaSOL trading above the 50-day EMA and 200-day EMA indicates an uptrend, reinforcing this resistance. On the other hand, the relative performance of the two assets is indicated on the SOL/ETH chart.
Although Solana has performed well against the US dollar, it has not fared as well against Ethereum. SOL appears to be gearing up for a resurgence relative to ETH based on the latest charts. Changes in market dynamics may occur if Solana manages to overcome significant resistance levels against Ethereum.
The interaction between the respective performance of Solana and Ethereum will be critical if both start to rise at the same time. Solana’s performance against Ethereum will determine whether she can regain lost ground; However, its strength against the USD could set the stage for a strong bullish move. Since each asset rides the momentum of the other, a synchronized upward move in both assets would likely result in huge profits for investors.
