Solana faces a critical moment: SOL/BTC ratio becomes a key indicator in the coming weeks
Solana (SOL) is currently priced at around $196, down 13% from the highs at the beginning of this week. With the overall sentiment in the crypto market being more hesitant, especially Bitcoin's failure to break through the $100,000 mark, the market uncertainty has also been transmitted to Solana. Top analyst Jelle pointed out that the trend of SOL/BTC in the next few weeks will be key and determine the future direction of Solana.
Solana is currently testing the $190 support level. If it breaks through $200, it will be expected to regain strength and accelerate its rise. Jelle emphasized that SOL/BTC breaking through 0.0022 BTC will enhance its bullish potential, conversely, failure to break through may trigger a pullback.
The next few weeks will be crucial for Solana, and the market will pay close attention to whether it can break through key levels and resume its rise. Investors need to remain vigilant and wait for clear signals during this turbulent time.
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