In the grand circus of cryptocurrency, where digital coins perform their high-wire acts, Solana (SOL) has been the star acrobat, flipping and twirling to the crowd’s delight. But alas, every high-flying act risks a perilous fall, and Solana might just be teetering on the edge of a dreaded ‘death cross’ against its arch-nemesis, Bitcoin. 🎪💥
As of now, Solana proudly flaunts a value of0.00158 BTC, a sum equivalent to roughly $133.16. Yet, not too long ago, at the dawn of last week, it was a mere shadow of its current self, down a staggering23% after a relentless54% decline against Bitcoin since January. A tale as old as time: the rise before the fall. 📉😅
The recent bravado of SOL might owe its thanks to the debut of the first Solana ETFs in the Great White North, with institutional gusts propelling the altcoin ahead of its peers, as hinted by the illustrious exchange executive, Tracy Jin. However, this golden era appears to be waning as the23-day moving average embarks on a fateful descent towards the200-day moving average. The stage is set for a ‘death cross’ in the weeks to come, a harbinger of doom in the crypto theatre. 🌪️🔮
Given that our drama unfolds on the weekly chart, this sinister pattern’s emergence could spell a temporary halt to Solana’s upward journey against Bitcoin. For SOL, this might mean revisiting the haunting grounds of0.001 BTC per coin. Translated into dollars, we’re looking at a potential plummet to a mere $83. Talk about a comedown! 💔💸
Tracy Jin’s crystal ball also foresees a retreat to lower support zones for the altcoin. In essence, even if Solana emerges unscathed from the current tempest, its lackluster performance against Bitcoin makes it a less-than-appealing choice for the discerning digital asset aficionado. Perhaps it’s time to switch seats in this crypto rollercoaster. 🎢🤔
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Fortress Saga tier list – Ranking every hero
- Castle Duels tier list – Best Legendary and Epic cards
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Seven Deadly Sins Idle tier list and a reroll guide
- Cookie Run Kingdom: Raspberry Cookie Toppings and Beascuits guide
- Starseed Asnia Trigger tier list and a reroll guide
2025-04-18 19:09