Solana Weakens vs BTC With $48-$29 Target Zone in Focus

⬤ Solana keeps losing ground against Bitcoin, and the charts are showing it clearly. The SOL/BTC pair has been sliding lower for a while now, basically proving that Solana can’t keep up with Bitcoin’s strength. The long-term picture reveals a descending pattern with lower highs stacking up, all pointing toward a big support zone that could be tested soon.

⬤ Analysts are watching a potential drop zone between $48 and $29 as the next major area of interest. Here’s the concerning part - even if Bitcoin only dips slightly, Solana might fall way harder in comparison. We’ve seen similar pressure before when Solana dropped below $100 support after completing a head and shoulders pattern.

⬤ The chart’s showing a stubborn downtrend line that’s been acting as resistance through multiple cycles, which keeps reinforcing this relative weakness. This isn’t the first warning sign either - similar conditions appeared when Solana tested its multi-month trendline with a $50 target looming, and when SOL slid toward the $119.54 support.

⬤ When major crypto assets show this kind of relative strength shift, it usually means money’s moving around differently in the market. Until Solana breaks out of this descending pattern, the focus stays locked on those lower support levels.