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Solana’s SOL/ETH pair has broken key support, signaling a potential 40% drop by July. A slowdown in memecoin activity and Ethereum’s layer-2 growth are weakening Solana’s appeal. Analysts warn this downturn may not be temporary.
- Solana's SOL/ETH pair breaks key support, signaling a potential 40% drop by July.
- Memecoin activity slowdown and Ethereum's layer-2 growth are reducing Solana's traction.
- Analysts warn Solana's heavy reliance on memecoins could become a long-term weakness.
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