Solana’s BTC Valuation Drops to 0.00161 Amid Bearish Momentum

• Solana’s BTC valuation drops to 0.00161 reflecting a 28.32% drop in a month.
• SOL/BTC has seen a 30.04% drop in the last six months as Bitcoin continues to dominate.
• Despite a 462.73% gain over four years, Solana struggles against Bitcoin in the short term.

Solana has been downtrend because of Bitcoin and has fallen to 0.00161 in SOL/BTC ratio within a short span. Again, for this pair, the comparison slide is 28.32% over the previous month and 30.04% over the last six months. The level it’s right now with respect to the valuation, is where it was last seen in early 2023. Even after that 462.73% bump in just four years, a bearish short-term trend is helping make it look very much like fatigue is catching up on SOL as showing the significant pressure mounting on the strength in its BTC. 

SOL/BTC Continues Downtrend as Selling Pressure Mounts

The SOL/BTC pair has struggled to hold key levels, with the one-week decline reaching 10.26%. Short-term traders have been offloading SOL, leading to a steeper downturn over the past 30 days. The three-month performance shows an 8.58% drop, further highlighting the ongoing correction. While the yearly outlook still shows a 15.42% gain, the recent losses suggest Solana is struggling to maintain its momentum against Bitcoin.

In ancient times, there have been occasions where Solana has had an impressive performance. However, the fluctuations in its relative value have been constantly changing. Looking at what is happening now, the supremacy of Bitcoin seems to be coming back and the outflow of capital from cryptocurrencies such as SOL is increasing. According to the dynamic, there is a high probability that SOL/BTC sets back price points, with a possibility of returning to the 0.00150 area then stabilize.

Key Support Levels and Potential Reversal

With SOL/BTC now trading near multi-month lows, traders are watching for signs of a bottom. A bounce from the 0.00160 region could signal a temporary recovery, but a deeper breakdown could push the ratio below 0.00150. Market sentiment remains cautious, with Bitcoin’s strength limiting upside potential for SOL in the short term.

Despite the pullback, Solana still holds a strong long-term growth trajectory. Its massive 1,166.93% increase from its all-time low reflects its ability to recover from major downturns. However, in the immediate future, traders will need to see a shift in momentum before SOL can regain ground against BTC.

Market Outlook and Future Projections

Solana’s performance against Bitcoin will be highly evaluated in the next few weeks. If, for any reason, Bitcoin starts to dictate market flows again, SOL/BTC looks poised to drop even lower. On the other hand, should buying activity commence at these levels, we could see a sharp uptick in this pair’s Spot performance within the coming days.

The present-day online trend is considered bearish, with traders accumulating at levels that are ready for a U-turn. Despite the current fact that behind Solana, the long-term positive fundamentals do remain in place, in the short term, it is distressing because bitcoin’s aggressive strength is directing the market, and Solana is the one coming out as the most at risk of this kind of scenario.