Looking at SOL/ETH chart we can see that it has been trending down since the early days of the bear market. Reason being the SOL network was experiencing challenges such as network instability, dApps hacks and FTX collapse.
But now many things has changed, the SOL ecosystem has been thriving like never before, the network has been up and stable for long streaks and even on par with other numerous big players in the Market.
Let’s put the fundamentals aside, technically when an asset is consolidating sideways, a trend reversal is very likely.
When both are strong things usually take turns.
But now many things has changed, the SOL ecosystem has been thriving like never before, the network has been up and stable for long streaks and even on par with other numerous big players in the Market.
Let’s put the fundamentals aside, technically when an asset is consolidating sideways, a trend reversal is very likely.
When both are strong things usually take turns.