Ethereum SOL, the native token of smart contract platform Solana, one of its biggest competitors, rose 12.5% in one day, signaling a recovery. LEFTDuring the month of December, it lost value continuously and fell to single digits.
In the past few days during the fall Ethereum The statements made by its founder, Vitalik Buterin, about the project were the main reason for the rise. Buterin shared on his Twitter account that there are very talented developers in the Solana project and that he sees a bright future ahead.
This statement of support by the Ethereum founder for his opponent had a great impact in the crypto community. Investors poured messages of support for Buterin, stating that he had an ethical stance.
Latest Situation in Solana
Positive remarks by Vitalik Buterin LEFT Although it causes some recovery in the price, when we look at the big picture, the gravity of the situation is obvious. According to CoinMarketCap data, while SOL was the 5th largest token in the crypto market as of November, it fell to 19th place in the last two months.
once upon a time “Ethereum Killer”It is trading 95% lower than the $260 peak it saw in the final months of 2021.
In the last days of the year, instantaneously falling below $ 8 witherCurrently, it is trying to hold above the $11 resistance that it has once again crossed. If $11 is lost, initial support to the downside is found at $9.53.
The two key resistances against Solana are $12.94 and $13.28, respectively.
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