What to expect from Solany in July

In recent weeks, geopolitical tension has been shooking the risk of altcoins such as Solana that feel pressure.

Sol/BTC ratio collapses by 90 %: What does it mean?

The key indicator that it currently issues warning signals is the ratio of SOL/BTC, which has decreased for most of June before the reflection in the last week of the month.

The SOL/BTC ratio measures solana performance compared to Bitcoins (BTC). When the ratio increases, it indicates that the soil overcomes BTC. Conversely, when it decreases, it means that the soil loses value compared to BTC, reflecting the loss of capital for altcoins.

From 1 June to 27 June, the SOL/BTC ratio dropped by 90 % to 0 00013. This decline showed that the action of the solany price was weakened compared to BTC. This, even if the market feeling decreased to a very large part of the month.

Although the ratio was reflected last week, traders are still looking for security more than volatility and danger.

The appetite for the solan is down

In an exclusive interview with Beincrypto Martins Benkitis, co -founder and CEO of Gravity Team, he confirmed that Asset Solana is still inadequately executive compared to large cryptos such as BTC and ETH. Its price measures are likely to remain under pressure, while the appetite for risk continues to weaken.

“It is not disastrous, but it is revealing. Gold/BTC has violated the area of ​​short -term support we have been monitoring since May. BTC’s dominance has increased, and it disadvantages the soil.

As to the question of the current appetite for risky assets, such as Solana, compared to cryptocurrencies such as BTC and ETH, Benkitis explained that current market conditions prefer the main cryptos.

“As we know, the flows are supporting great crypts at the moment. We see stricter deviations and deeper liquidity in BTC/ETH, while the reasons for the ground are less important. Apple for risk has decreased and demand for the soil is declining,” Benkitis said.

Nevertheless, Benkitis’s cautious position is based on strengthening the development of liquidity on the side of the Stablecoins. According to defillams, the liquidity of the stablecoins increased on certain blockchains such as Ethereum (2%), but not on all blockchains.

On the side of the Solana blockchain, the liquidity of the stablecoins in the same period decreased by 9 %, emphasizing the decline in business activities in the network.

In general, when the liquidity of stablecoins decreases in this way, it is because traders collect funds to reduce their risk.

For Solan, a 9 % decrease in the liquidity of stablecoins means that in its ecosystem there is now less circulating capital to support general market activity. This could put pressure on the price of land in July, as reduced liquidity makes the asset more vulnerable to price fluctuations.

RSI is approaching the subsequent break

Regarding daily graphics, the decrease in the relative forces index (RSI) soil confirms the likelihood of future problems in July. At the time of writing, this key momentum is 50.27, ready to pass under the neutral line.

The RSI indicators measure the market conditions for asset and assess whether it is over exceeding or is. It changes between 0 and 100 with values ​​above 70, indicating that the asset is shredded and reveals a drop. Conversely, the values ​​of less than 30 indicate that the asset is argued and presumed to reflect.

If the soil RSI manages to keep over a neutral threshold, it could point out the change towards the renewed shopping pressure and move the price of the part to $ 158.80.

However, due to the decrease in liquidity and the feeling of caution between land holders, its price could drop below $ 148.81 to potentially reach $ 142.59.

History Morality: July or not when Sola’s derails, Hralers will show up and not because of the weather.