Solana vs Avalanche: Which Will Reach New Highs First After Market Correction?
Crypto analysts are debating whether Solana (SOL) or Avalanche (AVAX) will break to new all-time highs first following the recent market correction. Solana has rebounded from $20 support and is approaching its 2021 peak near $260, buoyed by rising DeFi activity and network upgrades that improve throughput and lower fees. Technical indicators show SOL forming a bullish ascending triangle, with key resistance at $280. Avalanche, meanwhile, recovered from $10 and targets its previous high of $145, supported by growing institutional adoption of its Subnet technology and repeated protocol enhancements. AVAX has formed a golden cross on the daily chart, signalling potential upside, though it faces supply inflation concerns and resistance at $160. Analysts emphasize monitoring trading volume and on-chain metrics: high SOL activity aligns with NFT and DeFi use cases, while Avalanche’s network growth is tied to enterprise Subnets. Both tokens are positioned for upside, but SOL’s broader ecosystem and recent DEX volumes may give it an edge in reaching a new high first.
Bullish
The technical setups on both SOL and AVAX charts point to further upside: SOL’s ascending triangle and network upgrades, and AVAX’s golden cross and subnet adoption. Historically, SOL’s rapid DeFi growth in late 2021 led to swift new highs, suggesting its ecosystem momentum could outpace AVAX. However, AVAX remains bullish given institutional interest. In the short term, SOL may lead the rally by testing $280 resistance, while AVAX consolidates above $145. Long term, both networks’ fundamental improvements underpin a bullish stance but SOL’s broader usage may drive quicker breakout.