The SOL/ETH pair updates local minimums, the quotes broke the lower border of the “ascending wedge” formed over the course of many weeks. This is fraught with a further drop in price, said Cointelegraph analyst Yasha Gola.
In relation to April peaks, Sol/ETH quotes decreased by ~ 27%. The next goal is 0.038, which is almost 40% lower than the current levels, the expert emphasized. Temporarily support is the 50-week EMA at 0.0628. SOLANA positions are weakening against the background of cooling interest in memo-coin. The Pump.fun platform recorded record commission fees in the first quarter of 2025, but the income has fallen sharply since April.
In the Standard Chartered report, experts warned: Solana risks staying behind Ethereum if he does not find new growth points. Analysts believe that the air with decisions of the second -level scaling and more developed infrastructure wins against the background of a decrease in the interest of market participants in speculation.
Investor Alex Clay added that the “Ethereum dominance season” has already begun, and the technical picture confirms the further weakening of SOL.
#Eth Outperformance Season is Here🔥
SOL/ETH PAIR BOOKED A BREAK Downside Off the Rising Weedge Formation🔻
SOL IS Consedered as Main Competitor For $ Eth#Ethereum pic.twitter.com/knedola15
– Alex Clay (@cryptclay) May 28, 2025
On May 27, the co -control editor Coindesk Omkar Godbul noted that large capital switched to Ethereum.
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Source: Cryptocurrency
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