$SOL/ $BTC IS APPROACHING A CRITICAL BREAKDOWN. SOL/BTC continues to trade inside a long-term descending channel, with the upper trendline rejecting price on multiple occasions. The latest rejection is putting the pair under pressure once again. Here's what I'm watching: 🔸 The upper trendline has acted as resistance throughout this structure. 🔸 SOL/BTC is now testing the channel's upper boundary again. 🔸 A confirmed breakdown could accelerate the decline toward the lower channel boundary. If SOL/BTC loses this structure, further ETH and BTC outperformance against SOL could follow. The next move could be important for Solana's relative strength.
Alex MarzellShare
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