Solana Surges 12% Monthly, Eyes $200 as Ethereum Gains 18%

Solana is positioning itself for a significant rise as the crypto market heats up. The blockchain platform has seen its price fluctuate between $150 and $170, with a notable uptick over the past week and month. This momentum has sparked interest among investors, who are eager to see if Solana can surpass Ethereum in this bullish phase. A key resistance lies just shy of $180, and if Solana pushes past this, the next target could be near $200. With recent upgrades of nearly 10% for the week and over 12% for the month, Solana's upward journey seems promising. However, it is sailing just above the $138 support, cautious of downside risks.

Market watchers are keen to see if this momentum continues, with hopes that it can reach the next resistance for a possible rise of about 18% from current levels. Ethereum, on the other hand, has seen a near 18% bump in the last week, hinting at bullish momentum. Its ten-day moving average of just over three thousand matches its 100-day average, showing stability. With its RSI above 60, Ethereum isn’t in overbought territory, suggesting room for growth. If Ethereum breaks its nearest resistance at three thousand three hundred, it could climb to its second resistance near three thousand nine hundred—a growth potential of around 23%. However, it needs to stay above its support at two thousand three hundred to maintain momentum. Overall, signs point to possible positive movement ahead for both Solana and Ethereum.

The competition between Solana and Ethereum is intense, with both platforms vying for dominance in the crypto market. Solana's performance could challenge Ethereum's position as it continues to innovate and increase adoption. However, competition from other platforms such as Cardano, Polkadot, and Binance Smart Chain will also be a factor. The race is on, and only time will reveal which platform emerges as the leader in the market. Investors are closely watching the developments, hoping to capitalize on the next big opportunity in the crypto space.