If Solana crosses this price while Bitcoin crosses the critical threshold, it could rise to $180! - Coin Newsletter

Bitcoin and Solana are on the verge of significant movements, with both assets testing their 50-day moving averages, while persistence above the 200-day average is required for a rally.

Cryptocurrency markets reversed their direction with profit realization after the rise at the beginning of the week. Bitcoin pulled back to $83,500, while major altcoins such as Ethereum and Cardano saw declines of up to 5%.

FxPro analyst Alex Kuptsikevich pointed to the technical levels that will determine the short-term direction of the market. According to Kuptsikevich, "Bitcoin's holding above its 50-day average is an important technical attempt to reverse the downtrend." BTC is currently testing $85,700, while a close above the 200-day average could confirm a trend reversal.

There is a similar outlook on the Solana side. SOL is testing its 50-day average at $130. According to Kuptsikevich, "A consolidation above this level could take the price to $145, then $180." **

Solana surpasses Ethereum in volumes

According to the analyst, Solana stands out not only in terms of technical terms, but also in terms of trading volume. For the last 3 days, the decentralized exchange has surpassed Ethereum in (DEX) volumes and has been at the top with $2.43 billion in transactions.