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Crypto

Solana Ready to Break Free from 19-Month Downtrend Against Bitcoin

Guavy AI Editorial Team
Instruments
BTC SOL
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Solana's downtrend against Bitcoin is nearing its end, according to analyst Max Crypto. The SOL/BTC trading pair is close to breaking out of a 19-month downtrend on the weekly chart.

This break could signal the start of a major capital rotation into the Solana ecosystem. Analysts believe that if history repeats itself, SOL's price will surge by 170% in the coming weeks.

Currently, SOL is trading at $75.66, and its price is likely to recover its losses and trade above the $128.62 resistance level soon.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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