According to recent technical analysis by Omkar Godbole (CMT, CoinDesk), the SOL/ETH ratio has officially broken below a critical ascending trendline that held since September 2023. This marks the end of Solana’s prolonged outperformance against Ethereum.
🔍 Key Technical Signals:
The SOL/ETH pair has invalidated a multi-touch support line from Sep ’23, Jun ’24, and Dec ’24.
The MACD histogram on the weekly chart is printing red — signaling bearish momentum building.
Immediate support is seen near 0.055, with recovery contingent on reclaiming the Ichimoku Cloud.
💡 Implication:
The trend favors Ethereum outperformance in the near term. While Solana remains fundamentally strong, technicals suggest a period of relative weakness versus ETH.
🚨 XRP Trend Breakdown:
XRP has fallen out of its short-term ascending channel, signaling the end of its April recovery.
Key support now lies at $2.00 — if this fails, the next downside target is $1.60.
For bulls to regain control, $2.65 needs to be breached and held.
🧠 Strategic Outlook for Traders:
Consider rotating exposure from SOL into ETH short-term.
Monitor SOL/ETH ratio and Ichimoku cloud for confirmation.
XRP is in a vulnerable zone — risk management is essential.
📊 Always remember: Technicals are tools, not guarantees. Align your strategy with solid risk management and long-term fundamentals.
📥 Share your insights: Are you shifting your portfolio allocation? Holding through the volatility? Let’s discuss in the comments.
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