Solana's (SOL) price has broken above its daily moving average resistance against Bitcoin (BTC) for the first time since summer 2025, according to blockchain.news. On July 2, SOL traded at $78.37, surpassing the upper band of its Bollinger Bands and immediate resistance. The 4-hour chart shows a bullish alignment with the EMA50 and EMA200 functioning as support, while the MACD confirms the golden cross.
The Solana-Bitcoin pair has entered a sustained uptrend, marking the start of active dip-buying opportunities in August. However, analysts suggest that a healthy retracement towards the 50-EMA support at $73.41 appears probable before continuation higher.