The SOL/ETH trading pair on Binance has seen a significant increase of over 15% since October 1, continuing its three-month winning streak. However, the surge in price has led to overbought conditions, as indicated by the 14-day relative strength index (RSI) crossing above 70. This could suggest a potential pullback or temporary correction in price, with potential support at the August high of 0.064. On the other hand, some traders view an overbought RSI as a sign of strong bullish momentum.

In addition, the BTC/Gold ratio has turned lower after failing to break trendline resistance, coupled with a negative crossover on the MACD. This suggests that Bitcoin may continue to underperform in comparison to gold. This setup is similar to one in late July which led to a prolonged decline in the ratio.



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