Solana's SOL/BTC Pair Enters Uptrend with Caution Ahead

Solana's SOL/BTC pair has started its uptrend, according to trader @CryptoMichNL. As of now, Solana's price sits at $95.53, with historical data showing it as the leading high-performance network for internet capital markets. The live price is currently at $93.83. Despite this, SOL price prediction models and altcoin season indicators remain quiet.

On the 4-hour chart, the price holds a bullish structure above the EMA50 at $85.68 and EMA200 at $79.21. However, momentum RSI flashes overbought at 70.85, while MACD prints a death cross at 3.34. The price is also pressing the upper Bollinger band at $97.85.

A healthy retracement toward the 50-EMA support at $85.68 appears probable before continuation. This suggests that Solana's SOL/BTC pair may experience some correction before resuming its uptrend.