Solana’s Relative Value Shows Potential Signal of Topping Amidst Altcoin Cycle Predictions

Recent chart analysis suggests Solana’s relationship with Bitcoin (SOL/BTC) might indicate a potential market top. Crypto analyst Joao Wedson, who exited his Solana position in March 2024 after identifying similarities to the ETH/BTC historical peak, cites a repeating trend of exhaustion zones at the 0.07 level across multiple market cycles as evidence of a reliable technical pattern. Wedson’s predictions point to a new wave of altcoins leading the next crypto rally as legacy assets like Solana (SOL), Ethereum (ETH), and Binance Coin (BNB) reach their cyclical end.