Solana (SOL), one of the stars of the last bull season, is having a hard time due to the decline in the crypto money market as well as the problems in the network.
This year’s Luna collapse is due to global inflation and the war between Russia and Ukraine. Like many cryptocurrencies, Solana is also down. lived. In addition, Solana was also denied due to problems with its network. extra drop showed. During the past months, the Solana network has been active. 8th stop announced that he was alive. Following this announcement, Coinbase suspended Solana operations. Solana team, their validators invited to restart the network. However, due to the different results occurring in transactions on the network, the network was deadlocked.
According to Messari data, the average number of daily transactions on the Solana network, in the 2nd quarter of 2022 compared to the previous quarter It fell 17.6%. In the same period, Solana’s income also increased. 44.4% compared to the previous quarter showed a decline.
Solana Technical Analysis
Solana, one of the best-performing cryptocurrencies of the “bull season” last year, has been around for about a year. increased 250 times. of the highest level 86% A “Bear Flag” formation appears on the chart of the cryptocurrency traded below. Solana, which has fallen more than 80% since the beginning of this year,n 24% decrease in 7 days by living 35 dollars decreased to levels.
With the interest rates to be announced by TSI tomorrow evening, the direction of the crypto money market will also be determined. In case Solana breaks down the bear flag in the process up to $22 While it is expected to experience a decrease, in case of a possible break up, there is a 200-day moving average. for 80 dollars may rise as high. Solana’s current support At $32 levels If the current resistance is It is around 43-45 dollars.
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