Solana (SOL) has retraced significantly after the hype surrounding the TRUMP memecoin, dropping from $295 to nearly $220. The SOL/ETH ratio, which tracks SOL's performance relative to Ethereum (ETH), saw SOL outperform ETH by almost 50% during the TRUMP craze but has since weakened. Concerns about Deepseek AI and overvaluation in the U.S. tech sector contributed to a broader market downturn that impacted both SOL and ETH, with SOL underperforming ETH by 25%. The SOL/ETH pair has retreated towards key support levels, suggesting a potential rebound. However, Solana's daily trading DEX volume has plummeted by 87% since TRUMP's launch, impacting demand for SOL. The 50-day EMA and channel lows are crucial levels to watch, with a breach below potentially dragging SOL to $200 or lower.
in the last week of January. The altcoin retraced most of its gains post-TRUMP memecoin’s launch, dropping from $295 to nearly $220 on the charts.For the unfamiliar, the SOL/ETH ratio tracks SOL’s relative performance to ETH and by extension, the likely capital rotation between the two smart contract platforms.During the TRUMP craze, SOL outperformed ETH by nearly 50% in 2 days. However, the Trump mania didn’t last long, dragging SOL into its slump.
Interestingly, ETH held the weak market sentiment better than SOL. SOL underperformed ETH by 25% during the most recent market dump. If the channel holds, the pair could rebound at the lower support levels – A sign that SOL could regain ground against ETH over the next few days.
SOLANA ETHEREUM SOL/ETH RATIO TRUMP MEMECOIN DEEPSEEK AI
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