Solana’s SOL has lost more than 20% of Ether (ETH) over the last seven days, and merchants have been watching potential evacuation for $ 300, which will be the newest level.
The SOL/ETH ratio reaches the highest per week
According to the data from COINTELELEGRAPH Markets Pro and Binance, the SOL/ETH ratio that reflects the value of Solana in ether rose to 0.080 on April 13, recording the highest proximity per week.
The SOL/ETH transaction pair has formed the highest on the daily chart since April 4, suggesting that the rise is in progress.
SOL/ETH Daily Chart. Source: COINTELEGRAPH/TradingView
The benefits of the SOL/ETH pairs follow the optimistic Lord of Solana. Solana has increased 35% over the last seven days over the last seven days of ETH prices over the past seven days.
In the April 14th post of X, “The SOL/ETH chart has shown signs of robbery.”
“Solana ended the highest weekly finishing for Ether Leeum, and we reflected that we could see the continuous achievements of the Solana ecosystem.”
Previously, the SOL/ETH ratio reached 0.093 in January at a rally of encryption prices supplied by US President Donald Trump’s inauguration, and this price was a new high of $ 295.
Can Solana Price reach $ 300 in April?
Popular password trader bit fire shares X’s CME gift chart, suggesting that Sol Price can take $ 300 next.
The merchant quoted about $ 2,000 in price integration in the CME chart in 2021.
BITBULL said, “SOL has a similar structure in the CME gift chart, as the SOL deals with the $ 120 and $ 130 range.
“As with Ether Leeum in 2021, Solana is starting to move in 2025.”
SOL CME Gift Chart vs. ETH CME Gift Chart. source: Bit rules
relevant: Is Fartcoin Rallies 104% a week -Solana (SOL) price?
Except for the chart technology, some onchain indicators suggest that the path to the way to the new all -time high of SOL is facing significant obstacles.
For example, Solana’s network fees decreased by $ 898,235 million, down more than 97% on April 14, compared to $ 35.5 million on January 20.
SOLANA Network Daily Transaction Fee, USD. Source: Defillama
The reduction in solana fees is consistent with the reduction of trading activities in Raydium, pump.fun and orca. At the same time, the fee has not been changed since mid -February in other distributed applications such as Jito, Moonshot.money, Meteora and Photon.
Similarly, Solana’s daily dex volume plunged to $ 21.7 billion on April 14, 93% lower than up to $ 35.9 billion on April 14.
Solana Weekly DEX Volume, USD. Source: Defillama
Therefore, SOL’s journey to the new all -time high will be a difficult challenge if network activities are not noticeable.
The price of SOL rose 3% over the last 24 hours, up 54.5% from January 19th.
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.