Solana (SOL), post-FTX life, has been very rough. On a monthly and biweekly time frame, CoinGecko data shows bearishness, while daily and weekly time frames show modest appreciation. What this proves is that the wounds left by the demise of FTX have not been healed by Solana’s native token. Ever since FTX collapsed, SOL has been losing a huge amount energy. As bearish signals continue to emerge from technical analysis, the price decrease is likely to continue. It’s possible that prices will fall down below the 61.80 Fibonacci level, which is now at $12.58. This may be because Alameda Research, FTX’s sibling in the business, had a significant role in the Solana ICO. Investor trust plummeted as concerns about Solana’s close ties to SBF and his company developed in the wake of the failing exchange’s holding of almost a billion in SOL. Is The Star Just Fading Or Dying? SOL was the poster child of DeFi in that side of the crypto industry. As of writing, the token is trading at a red candle ..
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