Solana Strengthens Above $150 as Market Eyes Potential Flip Over Ethereum

Solana (SOL) continues to impress with steady gains, trading firmly above $150 and extending its winning streak into a fourth consecutive week.

Since hitting its April low, SOL has surged by 61%, fueling speculation that it could soon stage a major breakout — especially as Ethereum struggles to reclaim the $2,000 mark.

Technical signals point to a powerful rally ahead. Analyst Ali Martinez recently highlighted that Solana’s weekly chart has formed a textbook “cup and handle” pattern, a bullish setup often preceding significant upside. If SOL breaks through the $260 resistance — the top of the “cup” — projections suggest a potential climb toward $510, implying a 240% increase from current levels.

Several catalysts are lining up to support this bullish scenario. There’s growing optimism that a spot SOL ETF could secure regulatory approval this year, inviting fresh institutional inflows.

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Meanwhile, Solana’s network strength is on display: the total stablecoin market cap on its blockchain has reached a record $13 billion, and rising activity around meme coins has driven decentralized exchange volumes higher.

In contrast, Ethereum’s technical picture looks more fragile. ETH remains trapped below key resistance levels, with a looming triple-top formation threatening deeper losses. If Ethereum’s price breaks below its neckline at $2,118, chart projections suggest it could fall toward $1,078 — a move that would slash its market cap dramatically.

If both trends continue, Solana could eventually overtake Ethereum in size — but as both patterns are forming on the weekly charts, any major shifts will take time to fully materialize.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.