Is Solana’s Outperformance Ending? Technical Breakdown Signals Shift Towards Ethereum

Recent technical analysis from BitcoinSensus suggests a potential shift in the SOL/ETH trading dynamics, with the pair breaking through key support levels and signaling a possible end to Solana’s recent dominance. A triple top formation on the long-term chart, combined with three consecutive bearish divergences on the RSI, has triggered a significant drop below the ascending support line. 3rd time’s a charm? This confluence of signals is being interpreted as a macro bearish setup for Solana, potentially ushering in a new phase of altcoin rotation where Ethereum reclaims its leading position against other Layer 1 competitors.