A huge surge could be about to push Bitcoin (BTC ($94,196.00)) and the altcoins much higher. Among the altcoins, Solana (SOL ($148.40)) is in pole position, and the first major altcoin to lead crypto into a new stage of the bull market.

$BTC needs to sustain $63,000

Bitcoin is suffering some volatility right now as it attempts to hold the newly acquired support at $63,000, and it could be touch and go as to whether the $BTC price can sustain this level. If the bears do manage to force the price down through, the next level of support would be at $62,000, with $61,000 as a last ditch line for this particular rally.

$SOL forming small flag?

Source: TradingView

Of course, when the Bitcoin price is suffering from volatility, the altcoins are going to be volatile in spades. Looking at the $SOL chart, it can be seen that the price broke through the downward trend line and retested it just a few days ago.

Surging higher after the last confirmation of the breakout, $SOL has come up against the 0.618 fibonacci level, which it has been rejected from several times so far. However, this could be a small flag that is forming, and if $SOL is able to hold the support at $156 down to $153, this could end with $SOL bursting higher eventually.

$SOL rejected at midrange point

Source: TradingView

Zooming out into the daily time frame, it can be seen that the $SOL price is inside a range. In a trend towards the top of the range, the price has stalled at the midpoint (dashed line). Once Bitcoin finishes this current correction, and is ready to move higher again, expect $SOL to be one of the first major cryptocurrencies out of the blocks.

SOL/ETH ($1,792.00) pair about to break higher

Source: TradingView

Against its $ETH pair, $SOL can be seen to be once again knocking at the door at the top of the range. A higher high has already been made, so it would seem to be just a matter of time before $SOL breaks the range and goes up into price discovery against its principal competitor.

$SOL also looking to break out against $BTC

Source: TradingView

As for the SOL/BTC pair, it can be observed that $SOL is holding above the midpoint of the range, and is working up towards the top. With Bitcoin dominance perhaps having reached a top for now, it might be expected that $SOL breaks the top of this range in the not too distant future. Watch this space.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.