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@ Layer3.news
2025-05-29 12:24:23
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SOLANA'S 18 MONTH LONG BULL RUN AGAINST ETHER IS OVER; XRP ENDS MINI-UPTREND
https://cdn.sanity.io/images/s3y3vcno/production/1925daaacccfa7af26d3412b0f65fb6515b9e2c6-2848x1292.png?auto=format
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✍️ Solana's market capitalization is on track to surpass Ethereum's, but technical analysis suggests Ethereum's native token, ETH, may outperform Solana's SOL in the near-term.
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👉 Solana's SOL token is expected to surpass Ethereum's market capitalization
👉 The SOL/ETH ratio has dived out of an upward sloping trendline
👉 The weekly chart MACD histogram is printing red, indicating a strengthening of the downside momentum
👉 XRP has dived out of a bullish ascending channel
👉 The breakdown has exposed support at $2, which acted as floor several times early this year
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#OmkarGodbole #technology
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