SOL losing strength vs BTC – bearish continuation?

The chart shows a clear weakening of Solana against Bitcoin. After a prolonged sideways phase within a symmetrical triangle, price has broken down, signaling a potential bearish continuation.

🔻 Technical pattern:

Well-defined symmetrical triangle (orange lines) broken to the downside.

Breakdown occurred with rising volume, confirming the validity of the move.

📌 Key levels:

Resistance: 0.00370 – 0.00430 BTC (strong supply zone, repeatedly rejected).

Support: 0.00073 – 0.00110 BTC (historical potential bounce zone).

Price is currently heading toward support, with a theoretical target around 0.00110 BTC, in line with the triangle’s height.

📊 Volume:

Gradual decline during the triangle formation.

Volume spike on breakdown – a confirmation signal.

⚠️ Observations:

The SOL/BTC pair is showing clear relative weakness vs BTC.

If the highlighted support zone fails to hold, new local lows may be in sight.

Potential reversal signals would require a reclaim of resistance or evident accumulation near support.