Solana can be on the edge of the dangerous cross of death against bitcoin

The popular alternative cryptoturry salt (SOL), which has occurred in recent months as one of the most favorable funds on the market, may be on the verge of painful completion against its major colleague Bitcoin. At least this possibility is proposed by an intersection of the moving average on the price of the SOL / BTC prices.

Currently, Solana is valued in 0.00158 BTC, which is equivalent to about $ 133.16. However, only at the beginning of last week, the figure was 23% lower, after the saltwork lost 54% of January in a permanent decline against Bitcoins.

The recent strength of the solo could be linked to the initiation of the first Solana ETFs in Canada, and the institutional door ribbons are helped by Altcoin to surpass the rest of the crypto market, as it proposed to the Great Exchange Exceurn Tracy Tracy Jin. However, this period of prosperity seems to happen to the end of the 23-day movement to descend to 200-day average movement, which can lead to the crucis of death in the coming weeks.

Given that the time frame is a week, the appearance of this ominous sample can break the climb of saltworks against Bitcoins for a while. For solan, the result can be a test of the previous lowest lowest than the main crypturing in 0.001 BTC per salt. In dollar terms, it could mean a drop in the price of saltworks at as much as $ 83.

It seems that retraces to lower support zones are also for Altcoin in Jin’s forecast. All in all, even if the solan survives the recent market turbulence, its work against Bitcoins makes it less desirable property for now.