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The CEO of the Analysis Company Warned: "This Altcoin Will Lose Value Against Bitcoin"
Crypto analysis company MakroVision's CEO Joao Wedson stated in his assessment regarding Solana (SOL) that he expects the decline in the SOL/BTC pair to continue.
Wedson reminded that in previous shares, he stated that the SOL/BTC pair has shown weak performance and has entered a distribution cycle.
Wedson said, "I still believe that SOL/BTC is following the fractal structure that ETH/BTC followed in the past. Therefore, any shift that may occur in Bitcoin could lead to much sharper get dumped in the SOL/USD pair."
The analyst arguing that this scenario will further strengthen Bitcoin Dominance stated that the next 45 days will be critical for Solana.
In the last month, Solana increased by approximately 30% while Bitcoin experienced a rise of 24%.
In addition, Wedson, who also touched upon general market relations for 2025, stated, "The highest correlation between Bitcoin and Microsoft shares has been observed since 2017. This correlation continues strongly throughout May, but the strongest correlations are with Vida, China Industrial and Commercial Bank (ICBC) shares."