This is a daily technical analysis of the Coindesk analyst and rented market technician Omkar Godbole.
The Programmable Solana blockchain is ongoing to turn its rival and lead the Blockchain Ethereum intelligent contract in terms of market capitalization, several observers have said it in recent months.
However, for now, Ethereum’s native token Ether seems to have an advantage over Sol Sol de Solana, according to the technical analysis.
The SOL/ETH ratio has immersed a line of upward pending trend that connects minimums in September 2023, June 2024 and December 2024, according to the commercial source of the data source. In other words, the tables have changed in favor of ETH and Token could overcome Sol in the short term.
In addition, the MACD histogram of the weekly table is printing red, which indicates a strengthening of the downward impulse.
Immediate support is seen at 0.055 (the minimum of February 25). The pair must go back on the Ichimoku cloud to deny the Sol Bearish perspective.
XRP loses the upward trend
Another currency that shows a change in the market trend is XRP, the cryptocurrency designed for cross -border payments.
XRP has divered from an upward ascending channel, marking the recovery of the minimums of early April about $ 1.6.
The breakdown has exposed the support to $ 2, which acted as a floor several times earlier this year. If buyers do not defend that, a deeper slide could be seen at $ 1.60.
On the upper side, the recent maximum of $ 2.65 is the level to overcome the bulls.
