Solana & Altcoins: Bullish Signals Appear?
Jul 02, 2025 pm 07:09 PMIs Solana leading the Altcoin rebound? View the latest bullish analysis and key crypto market trends
The crypto market is active again, and the reasons behind it are worth paying attention to. Let's take a look at the positive signals that Solana and some Altcoin show. Does this mean that a new round of rise is about to begin? Is it an entry opportunity now?
Solana soars: Can the breakthrough rise last?
Solana (SOL) is ushering in a strong rise! Well-known analyst Bluntz released a report on the Bybit platform, pointing out that he is now optimistic about SOL after the bearish trend since late May ends. According to the latest data, Solana's weekly gains reached 16.5%, outperforming most mainstream currencies. The rise is driven by progress made by U.S. regulators in approving spot exchange-traded funds (ETFs). Is SOL becoming the leader in this round of market?
Altcoin collectively recovers
Bluntz is not only optimistic about Solana, but also points out that other tokens in its ecosystem may also see an increase. For example, the short and fat penguin (Pengu) breaks through the downward wedge pattern, forming a bullish reversal signal. He further mentioned that technical indicators based on the Bitcoin Advantage Index (BTC.D) show that Altcoin may be preparing to outperform Bitcoin (BTC). In addition, BlockDag (BDAG), SEI Network (SEI), SUI Network (SUI) and Celestia (TIA) have attracted attention for their technological updates and ecological progress.
Technical interpretation: What signals does the chart release?
Judging from Solana's weekly chart, the price has stabilized above the 50-week moving average (about $150) and the 200-week moving average (about $100), forming a bullish structure that usually attracts long-term investors to intervene. This round of rise was mainly driven by the improvement of the US regulatory environment, especially the accelerated process of spot ETFs, which boosted market sentiment.
Risk warning: Beware of short-term fluctuations
Despite the weekly increase of 16.5%, Solana has not yet formed a clear trend from the weekly level. The ADX indicator is only 13, indicating that the current trend is weak. ADX values ??below 20 usually mean that the market is in a volatile state, and this rise is more likely to be a strong rebound within the range rather than the beginning of a new trend.
Conclusion: Is Altcoin season really coming?
At present, there are indeed some positive signals, but whether to enter the real market dominated by Solana and Altcoin remains to be seen. The market fluctuates violently and changes rapidly. It is recommended to remain cautious and continue to track technical and policy trends. Pay close attention to market trends and industry news, and perhaps we can all share wealth stories that belong to the crypto world in the near future. Before that, I wish you a smooth transaction!
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