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Cointelegraph analyst Yashu Gola predicts a decline in the value of Solana SOL $103.79 Solana 2.21% Market capitalization $60.76 billion VOL. 24 hours $0.15 billion in tandem with Ethereum ETH $2,476.05 Ethereum 1.15% Market capitalization $302.13 billion VOL. 24 hours $0.33 billion . According to him, after breaking through the lower boundary of the rising wedge that has been forming for several weeks, the SOL/ETH pair has updated local lows. The current support is at the 50-week EMA (0.0628), but the price could fall another 40% to 0.038.
Gola notes that Solana’s weakness is exacerbated by a drop in interest in meme coins. For example, the Pump. fun platform, which recorded record commission revenues in the first quarter of 2025, has been showing a sharp decline since April.
At the same time, a report by Standard Chartered warns that Solana risks being left behind by Ethereum if it fails to find new sources of growth. According to experts, Ethereum will benefit from second-tier scaling solutions and a more developed infrastructure.
Investor Alex Clay also emphasized that the «season of Ethereum dominance» has already begun, and technical factors indicate a further weakening of SOL. Earlier, Omkar Godbole of CoinDesk noted that large capital in the market has shifted to Ethereum, which adds pressure to Solana.