Part 4/9:
The Dual Nature of Solana's Future
Interestingly, parallels can be drawn between Solana's current performance and Ethereum's performance in 2021 during its bull run. Both faced declines against Bitcoin valuations yet managed to create minor recoveries before descending once more. This presents a duality: while there is optimism for Solana’s return in the second wave of the bull run when liquidity conditions improve, it wouldn't necessarily position Solana as a premier performer among altcoins.
If Solana were to reach the critical Fibonacci retracement levels again but fails to make successful higher highs against Bitcoin, it would signal trouble similar to Ethereum's path post-2021 and possibly lead to further declines.