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【VanEck Is Optimistic That SOL Will Reach $330 This Round, And Analysts Recommend Betting After The SOL/BTC Exchange Rate Breaks Through】 October 1, According To Cointelegraph, VanEck Is Bullish On Solana. In A Report On September 25, VanEck Expects Solana's Price To Reach $330 This Round, Soaring To 50% Of Ethereum's Current Market Value.Analysts Said That The SOL/BTC Exchange Rate Formed A Symmetrical Triangle, Which Usually Appears As A Continuation Pattern. Since The Price Went Higher Before The Triangle Formed, The Possibility Of A Breakthrough Remains High. However, The Flat 20-week Exponential Moving Average (0.0023 BTC) And The Relative Strength Index (RSI) Near The Midpoint Do Not Give Bulls Or Bears A Clear Advantage. If The Bulls Keep The Price Above The 20-week Moving Average, The SOL/BTC Exchange Rate May Try To Break Through The Resistance Line To Start The Next Stage Of The Rise, Rising To 0.0031 BTC, And Then Eventually To The Target Of 0.0039 BTC. If The Price Falls And Breaks Below The Triangle, This Positive View Will Be Invalidated In The Short Term. This Could Drop The SOL/BTC Rate To 0.0018 BTC And Then To 0.0013 BTC. The Analyst Added That Within A Triangle, The Price Usually Oscillates Between The Support And Resistance Lines. The SOL/BTC Rate Rebounded From The Support Line On September 18 And Rose Above The Moving Average On September 26. Buyers Will Try To Push The Price To The Resistance Line, And Sellers May Step In. If The Price Turns Down From The Resistance Line But Rebounds From The 20-day EMA (0.0023 BTC), A Breakout Of The Triangle Is Likely To Form. On The Other Hand, If The Price Turns Down And Breaks Below The Moving Average, It Will Indicate That The SOL/BTC Rate May Extend Its Stay Inside The Triangle. If It Breaks Below The Support Line, The Trend Will Favor The Bears. It Is Difficult To Accurately Predict The Direction Of The Breakout. Therefore, It Is Better To Wait For The Breakout To Occur Before Making Large Bets
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