Solana Signal 40% Crashing Compared to Ethereum in the middle of cooling Memecoin Craze

Key takeaways:

• Sol/Eth is broken under a rising wedge pattern, which signed a potential 40% decline.

• Solana’s memecoin revenue has collapsed since April, which weakens its basic value.

• Standard chartered Solana may be underperform because Ethereum’s L2 ecosystem is growing more competitive.

Solana’s (Sol) Multiyear outperformance against Ethereum’s native token, Ether (Eth), losing momentum, with technical breakdowns and weakening onchain activity pointing to a potentially sharp decline in the Sol/Eth pair next.

Sol enters the increasing Wedge breakdown stage

Until May 29, the Sol/Eth pair confirmed a breakdown from the multimonth rising wedge pattern, a bearish structure that was often preceded by significant declines.

In technical terms, a rising wedge breakdown usually results in a drop equal to the maximum pattern height.

For Sol/Eth, these projects are a target downside for July, close to 0.038 ETH, which represents a 40% decline from the current levels.

The 50-week exponential transfer of average (50-week EMA; the red wave) around 0.0628 ETH offers temporary support. A decisive weekly near the bottom of this level is likely to confirm the bearish continuation towards the target of 0.038 ETH.

A bounce, on the other hand, could get Sol the lower wedge trend as support, which could delay the breakdown scenario. Falling on the upper wedge of the wedge is likely to be not a 40% scrape of crashing in full.

The cooling of memecoin frenzy hints in Sol/Eth crashing

Damage to Sol/Eth is aligned with a visible decline in the activity driven by Memecoin in Solana.

One key indicator is the Pump.Fun, the largest memecoin launch platform on the network, which shows a sharp collapse in the sun -fees since early April.

Daily bills have sank into Q1 2025 but since falling in near-year lows, which has signed decreased speculation of speculation in the chain, According to In Dune analytics.

The platform has become a mainly contributing to Solana’s incomeEspecially between December 2024 and March 2025.

During this time, the total combined fees had passed 3 million soles while retail traders flooded the network to launch and trade meme tokens. These metrics have been crashing since then, weakening one of Solana’s major drivers.

One May 27 Report from Standard Chartered further strengthens the downside narrative. The bank warned that Solana could be underperform if it could not change Beyond Memecoins, which currently dominates its transaction activity.

The Standard Charter said Ethereum captures land with measured layer-2 solutions that offer comparable fees and deeper infrastructure for real-world applications.

Related: The Ethereum Flashes ‘Altseason’ signal as ETH Price of eyes $ 4.1k

Chartist Alex Clay It is asserted that a so -called “Ethereum outperformance season” has arrived, reciting trust in the rising wedge damage to Sol/ETH charts.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.