Odaily Planet Daily News: The market shows that as of May 29, the SOL/ETH trading pair has fallen below its rising wedge pattern that has lasted for several months. This bearish structure usually foreshadows a sharp decline. From a technical perspective, a breakout of a rising wedge typically results in a decline equal to the maximum height of the pattern. In addition, Meme coin activity on the Solana chain has cooled significantly. For example, the average daily revenue of the Meme coin launch platform Pump.fun has dropped sharply since early April and is close to the annual low. Standard Chartered Bank previously warned in a report that if Solana fails to expand its application ecosystem beyond Meme coins, it may perform poorly amid intensified competition in Ethereum Layer 2, while analyst Alex Clay predicts that the so-called "Ethereum strong period" has arrived, further supporting expectations of a SOL/ETH decline. (Cointelegraph)