Infrastructure
Macro & Markets

SOL Eyeing Up Breakout

Many names are on the move today, but SOL is one I’ve had my eye on ever since its early June selloff.

We noted the favorable setup for SOL in our latest Markets deep dive:

“And if we are approaching an inflection point for the broader crypto market, SOL is on our radar as one that looks poised for an even bigger move.”

Here’s the chart from the report…

SOL Breakout.png

And here’s an updated version based on today’s price action. SOL appears to be on the verge of a breakout, not just in USD terms but against notable cross pairs like SOL/BTC…

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And SOL/ETH…

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If you believe the worst is behind us and directionally the market is heading higher (surely with a few bumps and pullbacks along the way) then SOL appears very well positioned to outperform as market conditions improve.

There’s far too much going on in its ecosystem to do it justice here, but our recent deep dive, Solana the Monolith, is one of the best in-depth reports on this topic — the only recommendation I’ll make is reading it in its entirety.

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