Abandoned by developers, investors, traders and believers: $SOL trying to survive after 96% crash
supporters and developers, it is not clear where the project is heading as the network's underlying cryptocurrency lost an enormous 96% from the ATH, practically making the assets worthless and bringing losses to investors that they will not be able to recover.Considering the lack of happenings around the project itself, it is difficult to justify the existing price performance with any news in the space about Solana. We are left with nothing but technical analysis in the case of Solana.
Obviously, the asset is moving in a prolonged downtrend, while breaking every support level possible. Recently, SOL has entered a short-term uptrend, which has been more of a correction of a downtrend rather than an attempt to reverse. But even with short-term upward movement, bulls might be able to push assets further up. Unfortunately, this was not the case for Solana.
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