Solana Price Prediction: Is SOL Following Ethereum to Start a New Round of Rise? Has the Alts Season Already Started?

Solana has once again started a pump, with ETH rise bringing strong signals This week, Solana (SOL) rose by 8%, and this may just be the beginning of the market rally. If Ethereum (ETH) maintains its current momentum, SOL may experience a more intense rise.

The crypto research platform Swissblock has given SOL a "bullish rating" in its latest report, stating:

"Rotation has begun, Solana's moment has returned. When ETH leads the rise, SOL usually accelerates its pump. The current rotation pattern will be very strong."

The report also pointed out that historically, SOL experienced strong pumps twice at the beginning and middle of 2024 (marked as Area 1 and Area 2 in the chart), followed by a rise in ETH. The price structure in July shows similar launch signals; if history repeats itself, SOL may strengthen again.

Bitcoin exits, altcoin season heats up After Bitcoin (BTC) reached an all-time high last week, its market dominance (BTC Dominance) has significantly declined, dropping from 66% at the end of June to the current 62.4%. This change indicates that market funds are gradually flowing from Bitcoin to Altcoin, further supporting the rise logic of SOL.

Swissblock believes:

"The market capitalization of altcoins is currently in 'Wave 5', which is the most intense phase of the crypto cycle. Historically, Wave 5 often shows a rapid and vertical rise, and it may repeat the trends of 2017 and 2021."

Despite the optimism, Swissblock also reminds investors that the current wave may be the last pump of this cycle.

SOL/ETH performance is weak, the market focus remains on Ethereum Despite the rise of Solana itself, the SOL/ETH exchange rate has fallen by more than 44% since April and has broken below the trend channel of the current rising cycle. This indicates that the market's interest in ETH has recently surpassed that in SOL.

However, large institutions still have a positive outlook on SOL. Galaxy Digital invested $55 million in SOL this week, indicating that the main players remain optimistic about its long-term potential. Glassnode data also shows that the average daily amount of SOL sold for profit this week was $400 million, still far below the level of $1 billion to $2.4 billion seen during the local peaks in 2024.

Technical Trends and Potential Targets If the historical rotation pattern continues, SOL may follow ETH closely and break through the key level of 180 USD. In addition, the current profit-taking pressure does not pose a significant threat, which provides space for further upward movement in SOL prices.

However, short-term market sentiment still leans towards ETH, and for SOL to really see a rise, we need to observe whether ETH can continue to maintain its dominant position.

Conclusion: As the market continues to heat up driven by ETH, SOL may迎来加速pump的黄金窗口. However, investors still need to be cautious of the rotation speed and potential top signals. Although the Altcoin season has started, it may also be approaching the last chapter of this bull market.