Is the network that promised to retire Ethereum reviving its worst past ghosts? 📉 That's the question the whole crypto market is grappling with right now, because the candlesticks just sent a red alert that we can't ignore. Solana ($SOL) is at a critical juncture and the numbers are telling us that the euphoria has completely evaporated.

Check this out, folks: the SOL/BTC pair, which measures Solana's strength directly against the king Bitcoin, just plummeted to the 0.0010 BTC zone. What does this mean in plain English? It means Solana has wiped out all the gains accumulated during the meme coin frenzy and has returned to levels we haven't seen since October 2023. Practically all the ground gained against Bitcoin during the last speculative season has disappeared. 💨

But it doesn't stop there. If we check the chart of Solana against the dollar (trading around 84.27 USD), the technical outlook is getting quite tense. Analysts at More Crypto Online have just raised the red flags upon noticing that the weekly Relative Strength Index (RSI) of SOL is mirroring the bearish pattern of 2022. 🚨 That same structure back then trapped the price in an eternal sideways movement before the coin hit its ultimate bottom.

Even though the weekly RSI is at 35.8 (technically close to the oversold zone of 30), experts warn that a low reading is not an automatic buy signal. We need genuine momentum and buying volume to shift the trend. As long as SOL remains under the shadow of 80 USD, registering lower highs week after week, the ghost of 2022 will continue to haunt the charts. 📉

Is this the ultimate accumulation zone before a historic bounce, or is it confirmation that Bitcoin will keep crushing the altcoins for a long time?\u003cc-29/\u003e