Can Solana make a comeback? The SOL/BTC ratio determines the future direction, and the next few weeks are crucial!
Solana (SOL) is currently priced at $197, having dropped 13% in just a few days, raising concerns among investors about its prospects. The uncertainty in the market, especially Bitcoin (BTC) failing to break the $100,000 mark, has led to a pullback in altcoins including SOL. But at this critical moment, the SOL/BTC ratio has become key to the next move!
Top analyst Jelle clearly points out that Solana's performance relative to BTC in the coming weeks will directly impact its price direction. Currently, SOL is nearing the $190 support level, and whether it can break through this point will determine the potential rebound space. Jelle believes that Solana must break above the BTC price of 0.0022 to once again prove a strong bullish outlook.
At present, SOL is oscillating in the $193-$200 range, breaking above $200 will be key to confirming a bullish trend. If Solana can reclaim the $222 resistance level, market sentiment will be significantly boosted and is expected to accelerate upward. However, if it fails to break the $200 support, SOL may face further pullbacks.
At a critical moment, market trends determine fate! Seize the opportunity while the market hesitates, keep an eye on Tang Ge for real-time insights on the latest trends!
