Solana Outperforms Bitcoin and Ethereum Amid Mixed Technical Signals and Market Uncertainty

Key Points

1. Bitcoin shows robust support above $100,000, with strong upward momentum indicated by the widening gap between its 50-day and 200-day EMAs and an ADX of 24.

2. Ethereum is consolidating with a 12.2% weekly increase but remains below key EMAs, with an ADX of 21 and RSI suggesting a potential bounce rather than sustained uptrend.

3. Solana outperforms with a 16.5% weekly gain, trading above its 50-week and 200-week EMAs, and shows bullish market structure with an ADX of 13 and RSI at 59.

4. Key technical levels for Bitcoin include immediate support at $102,000 and resistance at $110,000; Ethereum's support is at $2,250 and resistance at $2,552; Solana's support is at $140 and resistance at $160-$180.

5. Solana's Squeeze Momentum Indicator is 'ON,' signaling a potential significant move, while Bitcoin and Ethereum's indicators suggest ongoing consolidation or strengthening trends.