Solana

DeFi

Bitcoin

Read

would

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The 45% drop of Solana against <a href="https://u.today/strategy-hints-at-new-bitcoin-buy" rel="noopener noreferrer nofollow">Bitcoin</a> is certainly not the most expected event of 2025. Solana plummeted massively on its own, but Bitcoin's dominance rise is an important signal that suggests liquidity outflow from the <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">market</a>.
Capital has shifted back into <a href="https://u.today/georgia-introduces-new-bitcoin-reserve-bill" rel="noopener noreferrer nofollow">Bitcoin</a> from alternative assets like SOL due to its ability to maintain its position close to important resistance levels. Altcoins have shown this trend, with many of them finding it difficult to hold onto their relative strength in comparison to Bitcoin. The bearish trend has been confirmed by Solana's recent price action against Bitcoin, which has now moved it toward the lower end of a long trading range. <img src="https://u.today/sites/default/files/inline-images/image_1816.png" data-entity-uuid="c1fd5174-61a4-484d-9a9f-99e81e49e051" data-entity-type="file" alt="BTCUSDT" data-caption="<a href=&quot;https://www.tradingview.com/&quot;>BTC/USDT Chart by TradingView</a>">
SOL/BTC is testing important multi-month support at 0.001679 BTC; if it is unable to hold above this level additional downward pressure may be applied.
Instant support: The level of 0.0016 BTC, which has historically served as a crucial support, is being tested by SOL/BTC. If this level is not maintained, Solana may drop toward 0.0015 BTC, raising the likelihood of additional liquidation events.
For there to be any chance of a recovery, <a href="https://u.today/shiba-inu-shib-breaks-crucial-resistance-solana-sol-plummeting-finally-stops-ethereum-eth-price" rel="noopener noreferrer nofollow">SOL</a>/BTC would need to rise above the 0.0020 BTC threshold, which has capped any significant rallies in recent months. To verify a trend reversal, a push above 0. 0025 BTC would be required.
<h2 id="how-about-solana">How about Solana?</h2>
Outlook for the USD: Although <a href="https://u.today/solana-sol-price-prediction-for-february-22" rel="noopener noreferrer nofollow">Solana</a> is having trouble against Bitcoin, the USD pair has been somewhat resilient, trading at about $170. Solana might have trouble maintaining its upward momentum, though, given the wider weakness in SOL/BTC.
Solana is still one of the top blockchain networks, especially in the DeFi and NFT industries, despite the present slump. Solana might continue to perform poorly in comparison to Bitcoin, though, as long as the cryptocurrency remains dominant and investors prioritize stability over risky investments. To turn the trend in their favor for the time being, bulls must retake important resistance levels. Otherwise, SOL might remain stuck in a downward spiral, at least in the near future, due to Bitcoin's increasing influence. <a href="https://u.today/solana-sol-lost-45-bitcoin-domination-isnt-stopping" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Solana (SOL) Lost 45%: Bitcoin Domination Isn't Stopping?

Table of Contents

U.Today

Other articles published on Feb 24, 2025

Arctic Pablo’s 11th Expedition Hits Blizzard Bay! Simon’s Cat’s Expansion & Apu Apustaja’s Market...

Flutterwave seeks listing on Nigerian Exchange, pledges to drive Nigerian economy for seamless di...

SOL fans eye this crypto, expecting 50,000% surge in Q2 2025

Bitcoin, Binance Coin, Meme Coins: Here's Which Crypto CZ Holds

Shiba Inu (SHIB) Price Collapse Seems Inevitable: Can Bulls Do Something?

Dogecoin Price Due For Excitement, Social Sentiment Rises

Join our free newsletter for daily crypto updates!