Solana has lost 45% of its value against Bitcoin, marking a significant event in the 2025 market amid Bitcoin's rising dominance.
Solana's Drop Against Bitcoin
Solana has dropped significantly against Bitcoin due to capital moving back to BTC, which maintained crucial resistance levels. Altcoins, including Solana, have shown weakness, confirmed by the recent price decrease against BTC, moving it toward the lower end of its long trading range.
Current Support and Recovery Prospects
SOL/BTC is testing a crucial support level at 0.001679 BTC. If not maintained, pressure may increase. Recovery requires a rise above 0.0020 BTC, and a trend reversal would need movement above 0.0025 BTC.
Solana's Market Position
Despite the downturn, Solana remains a top blockchain, especially in DeFi and NFT sectors. However, it might continue underperforming Bitcoin as investors prioritize stability. Bulls need to regain key resistance levels for a favorable trend.
Amid Bitcoin's dominance, Solana faces challenges in maintaining its position. In the short term, the situation might worsen if key resistance levels are not regained.
