Main takeout:
SOL/ETH is broken below the rising wedge pattern, showing a 40% reduction in potential.
Solana’s Memecoin sales have weakened core value proposals since April.
Standard charter warnings can lead to less performance as Ethereum’s L2 ecosystems are more competitive.
Solana’s (SOL) performance for Ether (ETH), the default token of Ethereum, is losing its driving force with the weakening of the technical failure and the weakening of the onchain activity, which refers to the potential decrease in the next SOL/ETH pair.
SOL enters the upward wedge failure stage
As of May 29, the SOL/ETH pairs have often confirmed the breakdown in the weakened wedge pattern, which is a weakened structure before significant decrease.
From a technical point of view, the rising wedge failure usually causes the same drop as the maximum height of the pattern.
In the case of SOL/ETH, this is a 40% reduction at the current level by projecting the shortcomings near the 0.038 ETH in July.
About 0.0628 ETH’s 50 -week index moving average (50 weeks EMA; Red Wave) provides temporary support. Weekly definitions below this level can be found on the weakness of the 0.038 ETH goal.
On the other hand, the bounce can be found in the lower trend line of the WEGE by supporting the low trend line of the wedge, which can delay the failure scenario. If you break the top trend line on the wedge, the 40% crash setting will be invalidated.
SOL/ETH CRASH cooling memecoin craze hint
Sol/ETH’s decomposition matches the noticeable decrease in the central activity, which is a meme in solana.
The main indicators are PUMP.FUN, the largest memo -like launch platform on the network, and shows that the daily fee income is dropped sharply since early April.
According to Dune Analytics, daily fees peaked in the first quarter of 2025, but fell to the lowest level a year, and signaling reduced the speculative activity of the chain.
The platform has contributed to Solana’s profit growth, especially between December 2024 and March 2025.
During this period, the total cumulative commission surged 3 million soles as retail traders flooded the network and traded MEME TOKENS. This metrics have since collided and weakened one of Solana’s main value drivers.
The May 27 report on the standard charter further strengthens the shortcomings. The bank warned that Solana could not diversify more than Memecoins, which dominates the current trading activities.
Standard car
relevant: Ether Lee flashes the ‘Altseason’ signal to ETH Price Eyes $ 4.1K.
Cartrist Alex Clay argues that the so -called “Ethereum Outperformance Season” has already arrived and repeats the wedge analysis of the SOL/ETH chart.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.