Solana in Trouble? Experts Predict a Possible 40% Dip! đ
Is Solana's shine fading? Technical charts are hinting at a potential 40% drop against ETH. A rising wedge pattern broke down, which historically means a significant plunge could be coming. đ
Remember the memecoin mania on Solana? đ„ Well, the revenue from platforms like Pump.
fun has cooled off big time since April. That frenzy fueled Solana's growth, but now it seems the party might be over.
Even the big players are sounding the alarm! Standard Chartered suggests Solana might struggle if it can't move beyond memecoins. Ethereum's Layer-2 scaling solutions are stepping up their game, offering similar fees and a more robust ecosystem.
One analyst is even calling for an "Ethereum outperformance season." đ The SOL/ETH chart breakdown seems to back this up. Will Solana bounce back, or is a correction on the horizon?
What do you think of this potential shift in the market?
Stay tuned for the latest updates!