Solana (SOL) has surpassed Ethereum in all-time unique developers, marking a significant shift in blockchain ecosystem growth. This milestone, reached by March 28, 2026, highlights increasing developer migration to Solana’s high-performance network. Despite the positive ecosystem signal, technical analysis from crypto analyst More Crypto Online indicates Solana’s price structure has turned bearish following a trendline breakdown, with the token trading around $83 and facing resistance near $85-$88.
Solana (SOL) has overtaken Ethereum in all-time unique developers and now leads all blockchain ecosystems. This milestone highlights Solana’s rapid growth, strong developer appeal, and increasing adoption as builders shift toward its network.
The shift signals growing momentum for Solana, reflecting rising confidence in its scalability and speed. As more developers join its ecosystem, it could reshape competition and challenge Ethereum’s dominance.
According to the crypto analyst More Crypto Online, Solana’s 1-hour chart shows a decisive shift into a corrective bearish trend after breaking a rising trendline. The token is trading at $83, indicating a loss of structure while wave patterns indicate a downtrend.
The chart indicates a significant resistance range from $85 to $88, established by Fibonacci retracement levels. An advance into this region would likely face rejection, consistent with a bearish wave count.
On the downside, the key support level is located between $78 and $72. This area could be the potential bottom for the current move, with the chart bias remaining to the downside until those targets are reached.
From an indicator perspective, the RSI has been trending lower below 50, indicating a lack of momentum. The RSI values were at 34.33 and 36.17, trending towards 30 recently.
The MACD line was at -$1.88 with the signal line at -$1.34, indicating bearish momentum. However, the histogram bars are getting shorter, which suggests a possible change in trend despite remaining below zero.
