Essential Insights:
Previous SOL/BTC golden crosses led to 1,000% surges in the SOL/USD pair.
An altseason backdrop along with nearly $3 billion in new treasury investments enhances Solana’s bullish outlook.
Solana (SOL) is currently showcasing a unique golden cross against Bitcoin (BTC), a scenario that has historically triggered significant rallies in both BTC and US dollar values.
Historical SOL golden crosses resulted in 1,000% increases
As of Thursday, SOL/BTC’s 50-day simple moving average (50-day SMA; depicted by the red wave) was set to surpass the 200-day SMA (the blue wave), confirming a golden cross pattern.
“We’ve witnessed this pattern previously… in 2021, 2023, and it’s forming again in 2025,” noted analyst Ran Neuner, asserting that the setup is “indicating a major movement in SOL.”
In early 2021, the first golden cross for SOL/BTC resulted in a breakout of approximately 1,900% against Bitcoin. The second crossing in mid-2023 produced a similarly impressive result.
Additionally, SOL/BTC’s upward movement coincided with significant gains in the SOL/USD pair. For instance, Solana saw a 1,890% increase against the US dollar, surging from $13 to over $260, following the confirmation of the golden cross in 2021.
Solana experienced a gain exceeding 1,000%, rebounding from around $20 to above $250, after the 2023 second SOL/BTC golden cross.
These bull runs for SOL/USD and SOL/BTC have typically coincided with broader “altseasons,” marked by capital moving from Bitcoin to high-beta tokens.
In 2021, Solana’s breakout coincided with the DeFi boom that uplifted the entire altcoin market. In 2023, a similar trend followed as post-FTX recovery liquidity flowed into altcoins.
This year, the context appears just as favorable. Ether (ETH) has already outperformed Bitcoin in recent months, often viewed as an early indicator of altseason strength.
At the same time, historical patterns around Bitcoin halvings suggest that liquidity expansion and capital rotation generally intensify over a year post-halving, a trend that may pave the way for another substantial rally for Solana.
Solana’s megaphone pattern suggests $300 target
Solana (SOL) is navigating within a broadening wedge, or megaphone pattern, with the upper trendline approaching the $295–$300 range as the next significant resistance by October.
This formation comes as SOL/USD comfortably holds above its 50-week and 200-week EMAs (exponential moving averages), while the weekly RSI stays bullish at 61, indicating potential for further upward movement.
Fibonacci retracement levels also substantiate the $295 zone as an essential breakout area.
From a fundamental perspective, Solana’s outlook is bolstered by signs of increasing demand from corporate treasuries.
This week, Galaxy Digital, Jump Crypto, and Multicoin Capital have announced intentions to raise over $1 billion for a Solana treasury fund supported by the Solana Foundation.
Sharps Technology has pledged an additional $400 million to its Solana reserves, while Pantera Capital is pursuing a Solana-focused vehicle amounting to $1.25 billion.
Relevant: Solana requires three key factors to propel SOL beyond $200 towards $250
Together, these developments represent nearly $3 billion in potential new institutional demand, which could further enhance SOL’s prospects of reaching $300 in the coming weeks.
This article does not comprise investment advice or recommendations. All investments and trading actions carry risks, and readers should conduct their own research before making decisions.
