Log in

Technical Analysis

SOL BTC ratio today: Will 0.0028 resistance trigger a bullish move?

Updated: Aug 27, 2024
Published: Aug 14, 2024
0
Share:

What is Solana: Solana (SOL) is a high-performance blockchain designed for fast and scalable decentralized applications and cryptocurrencies. Launched by Solana Labs in 2017, Solana is celebrated for its ability to process thousands of transactions per second with low fees, making it a popular choice for developers and users alike. At Cryptonary, we are most bullish on Solana for this cycle, considering it the play of the cycle due to its robust technology and growing ecosystem.

Post Feature Image

SOL/BTC

Current state: SOL/BTC is currently trading within a bullish structure, consolidating above the 200 EMA on the daily timeframe. The price has been squeezing in, breaking out of the downtrend line, and eventually retesting both the trendline and the 200 EMA after the breakout. This retest has established a new support level around the 0.0024 area.

Key observations

  • Support: The 0.0024 area is currently providing strong support, reinforced by the confluence of the trendline retest and the 200 EMA.
  • Resistance: On the upside, the price is facing resistance around the 0.0028 area. This is the upper boundary of the current trading channel.
  • Potential scenario: If SOL/BTC manages to break out of the 0.0028 resistance, it could trigger a significant upward move, potentially driving SOL to retest its all-time high of 0.0047.
Chart showing SOL BTC trading on Binance, indicating resistance at 0.0027831 and support near 0.0023839 with recent price movements.

Conclusion 

SOL/BTC is poised within a crucial trading channel, with strong support at 0.0024 and resistance at 0.0028. A breakout from this channel could lead to SOL significantly outperforming BTC and the broader market, with the potential to retest its ATH as the market lifts off.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


 

Solana's ATH is $260.

How to Buy SOL:

  • Via Phantom Wallet:
    1. Deposit Solana tokens by copying your Phantom wallet address and transferring funds.
    2. Use the ‘deposit’ button for other purchase options, though fees may be higher.
    3. Swap tokens within the wallet by selecting the type and amount, setting slippage tolerance, and confirming the swap.
  • Via Centralized Exchange (CEX):
    1. Choose a CEX like Binance, Coinbase, or Kraken.
    2. Create and verify your account.
    3. Deposit fiat or other cryptocurrencies.
    4. Navigate to the SOL trading section and complete your purchase.
   

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Rangebound With Critical Supports In Play
PRO
Market Direction
BTC, ETH and More: Rangebound With ...Markets face crucial levels as volatility returns after the Fed rate cut. BTC, ETH, SOL test support...
5 min read
Oct 31, 2025
Big Market Update: What's Next?
PRO
Market Updates
Big Market Update: What's Next?Markets just wrapped a huge week: the Fed cut rates, Big Tech earnings rolled in, and Trump and Xi s...
7 min read
Oct 31, 2025
Market Pulse: Fed Surprise Cools Markets, BTC Tests Lower Range
PRO
Market Pulse
Market Pulse: Fed Surprise Cools Ma...The Fed’s unexpected hawkish pivot and mixed Big Tech earnings have injected fresh tension into mark...
5 min read
Oct 30, 2025