Analyst Suggests Solana Could Face Long-Term Weakness Despite Recent 20% Surge and Network Upgrade
The post Analyst Suggests Solana Could Face Long-Term Weakness Despite Recent 20% Surge and Network Upgrade appeared on BitcoinEthereumNews.com.
Solana (SOL) has experienced a notable 20% price surge recently, yet experts caution about underlying vulnerabilities compared to leading cryptocurrencies like Bitcoin, Ethereum, and Cardano. Technical analyses reveal structural breakdowns in Solana’s market performance, drawing parallels to the 2022 LUNA collapse and raising red flags about potential future sell-offs. Despite a major upgrade increasing block size by 20% to enhance throughput, concerns about Solana’s network reliability and past performance instability continue to challenge investor confidence. Solana’s recent 20% rally contrasts with technical warnings of weakness against BTC, ETH, and ADA, amid a 20% block size upgrade and ongoing network reliability concerns. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Technical Breakdown Signals Potential Risks for Solana Amidst Recent Price Surge Solana’s price rally, which pushed SOL above the $200 mark, has reignited optimism within the altcoin market. However, a closer examination of Solana’s price action against major cryptocurrencies reveals a more cautious narrative. Analyst Gert van Lagen highlights bearish divergences and multi-timeframe breakdowns across SOL/BTC, SOL/ETH, SOL/ADA, and SOL/XRP pairs, suggesting that Solana’s recent gains may be unsustainable. This technical deterioration evokes memories of the LUNA collapse in 2022, where early structural weaknesses preceded a significant market downturn. Solana (SOL) Price Performance. Source: COINOTAG Van Lagen’s analysis points to Solana’s inability to maintain momentum against its competitors, with moving averages indicating a prolonged bear market trend. The SOL/ADA and…
Filed under: News - @ July 23, 2025 10:29 am