Death Cross Looms Over Solana (SOL) as Technical Indicators Flash Bearish Signals

The technical analysts warn of a potential death cross on the SOL/BTC price chart. After weeks of underperformance compared to Bitcoin, Solana has triggered bearish signals

Solana, the high-performance blockchain platform known for its scalability, is being closely technical analysts as it faces the threat of a death cross on the SOL/BTC price chart.

After weeks of underperformance compared to Bitcoin,Solana has triggered bearish signals that could chart a bleak course for the token.

This analysis examines the technical warnings emerging on the SOL/BTC chart and what they could mean for Solana's relative strength in the crypto market.

Solana Is Still Threatening a Death Cross

The SOL/BTC chart is showing a bleak trend, with the Solana price dropping roughly 23% so far in April 2025. On a broader timeline since January, Solana has lost over 50% of its value when measured against Bitcoin.

This analysis compares the price of Solana to Bitcoin in the short term. On a weekly time frame, we can see that the 23-day moving average is quickly approaching the 200-day moving average. If this crossover occurs, it will form a death cross, a bearish pattern that traders usually watch out for.

Chart 1 – SOL/USD 7-day price chart, published on TradingView, April 19, 2025.

Typically, such patterns have signaled sustained downturns, especially in altcoins facing macroeconomic pressure and competition from other crypto networks.

Although Solana ETF products have stirred some institutional interest, they haven't been enough to reverse the trend in favor of the altcoin. The anticipation of this crossover on the weekly chart has led many traders to shift to a risk-off stance.

Solana Price Could Break Out From Wedge

Despite the bleak movement on the weekly chart, the daily SOL/BTC chart shows a less pessimistic view.

At the current SOL price of nearly 0.00158 BTC, the token is approaching the apex of the wedge, suggesting that a breakout or breakdown is on the horizon.

Chart 2 – SOL/USD 1-day price chart, published on TradingView, April 19, 2025.

If the resistance at around 0.0018 BTC is broken, Solana may recover towards 0.001895 BTC in the short term. But a failure to hold its support level at 0.0014 BTC could push the Solana price down further, possibly nearing 0.001 BTC.

Meanwhile, Solana ETF listings have temporarily brought optimism to the blockchain project.

Within one week of its announcement, Solana outperformed Bitcoin with a 10.5% gain compared to BTC's 1.8% in the period. Still, the gains appear to be short-lived, as broader price movements have settled back.

Key Levels Could Reshape SOL's Future Path

The SOL/BTC price trend is approaching a defining moment. If the death cross is confirmed on the weekly chart, it would likely extend the altcoin's bearish momentum. That would put Solana at risk of breaking down further unless new catalysts emerge.

Solana continues to build, pushing forward with network upgrades and scalability improvements. However, without a clear reversal in the SOL/BTC chart, investors may face headwinds in attracting new attention. The real challenge will be sustaining growth and hype beyond short-term ETF-driven gains.

In the coming weeks, all are watching whether Solana can defend its current support or if the SOL/BTC price slides closer to the dreaded 0.001 BTC mark. This would mark a significant shift for a project that has faced a turbulent year.