Bitcoin's DeFi Apex Status Contrasts Solana's Price Struggles
Bitcoin's DeFi Apex Status Contrasts Solana's Price Struggles
Standard Chartered identifies Bitcoin as the critical 'apex asset' for decentralized finance, with current sub-$100,000 prices presented as a final major buying opportunity, underpinning DeFi's future. Meanwhile, Solana faces significant price recovery challenges, as bearish technical and on-chain signals, including persistent selling pressure and looming EMA crossovers, indicate continued difficulty in its market rebound.
Standard Chartered’s Geoff Kendrick warned that Bitcoin’s stability now underpins the future of decentralized finance. Ahead of the Singapore FinTech Festival, he called BTC the “apex asset” of DeFi and outlined a three-step accumulation plan—arguing that sub-$100,000 levels could mark Bitcoin’s final major buying opportunity.
Solana price keeps struggling to recover as technical and on-chain signals show an uneven market balance. With selling pressure returning, volume failing to confirm rallies, and a bearish EMA crossover looming, Solana’s rebounds may continue to fall short until key signals flip.