Rally PRICE RALY weakens with a 25 % decrease

Solana (SOL) faces twice as the opposite wind continues in the encryption market. Moreover, Sol continues to weak against ETHEREUM (ETH), with the Sol/ETH rate decreased by 25 % in less than three weeks to its lowest level in approximately a month. Amid the weakness of the bullish momentum, will the Solana price be disrupted to 130 dollars or bounce higher?

The price of Solana weakens with the break Sol/eth

The momentum around the price of Solana is weak amid a collapse in the Sol/ETH ratio. As Coingape mentioned, the weak performance in Solana leads Ethereum gains, as the latter recorded a moderate decrease of 1.3 % in seven days, especially 11 % less than Sol decrease.

At the time of the press, the Sol/ETH rate was 0.0613 after getting rid of more than 25 % of its value since May 8. At this level, the ratio tested a multi -support level that has set whether the price was continuing with the upward or declining direction.

SOL/ETH loses this support level as the bears tighten their grip on the market. The last time that the ratio violated this support, it decreased to $ 0.000055, which is the lower level that was formed in December 2024. Therefore, if the continuous decline continues, the Sol/ETH is likely to reach this bottom again.

The aforementioned view stems from the increase in capital flows to Ethereum with Solana fading. Ethereum etfs rises, and with the accumulation of institutions, it absorbs pressure from the sale caused by the expectations of the Habbudian encryption market. This has seen that Solana outperforms many of the best heroes, including Ethereum.

Will Sol drop to $ 130?

Solana PRICE thwarted more landmarks on the daily time frame, with technical indicators showing that the bulls no longer control the movement of the price. In fact, RSI’s Sol is at the lowest level since April 8, which indicates that the declining momentum is at its strongest point for nearly two months.

The AO index does not show any hope of the bulls as the size of the red chart shrinks, indicating that the upscale momentum that paid the Sol price to $ 187 last week is getting weak. The resumption of upward trends will be confirmed if the AO tapes will turn green.

Going to this technical view and the weakness of Sol against the largest altcoin, Solana Price can lose support at the Fibonacci level by 50 % from $ 141 and up to $ 130. This decrease will celebrate a 16 % decrease from the current Solana price of $ 154, according to what she recently mentioned. Coinmarketcap data. These descending expectations are in line with a recent CoingApe analysis, noting that Solana may be disrupted after the formation of a double pattern.

The nullification thesis of this descending view depends on the outbreak of the Solana price higher than the resistance level of $ 165. If the price can overcome this resistance, then the next upward leg will reach $ 187.

To summarize, the price of Solana constitutes the signs of Habbiyah as the daily timeline scheme shows that the sellers control. With twice the momentum, Solana may be disrupted to $ 130, most likely due to a 25 % decrease in the SOL/ETH rate within three weeks.

To predict the long-term price on Solana between 2025 and 2030-read this.

partner:

Metouni

Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.

Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.