<ul><li>Solana's SOL/ETH pair confirmed a bearish breakout from a rising wedge pattern, hinting at a 40% drop to 0.037 ETH by July.</li><li>Declines in memecoin-related activities, particularly on Solana's key platform Pump.fun, have put additional pressure on Solana's performance.</li><li>Ethereum's growth with layer-2 networks is outshining Solana, raising concerns about Solana's ability to attract serious developers and investors.</li><li>Chart analyst Alex Clay suggests that Solana's decline against Ethereum may not be temporary, as other altcoins demonstrate stronger technical behavior recently.</li></ul>

Solana Signals Sharp 40% Drop Against Ethereum Amid Memecoin Slump

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