We are impressed by the Solana project, at least because of the way its creators, developers, and holders are fighting for its existence.
The last year has been difficult: either the closest possible connection with FTX, or recently Sol was included in the list of “securities” from the SEC. There were also many minor breakdowns, such as the absence of a mined block in the south, etc.
But the project survived, the price has remained at a good level, and technically, it doesn’t look the worst for an altcoin.
And now, perhaps, there is a light at the end of the black streak: there are rumors that $7 billion of FTX has been restored, and the exchange will be relaunched in the next six months. And Solana’s developers say they will rewrite the blockchain so that the SEC has no complaints and the community votes in favor.
Hmm, maybe another miracle will happen and the SOLUSDT price will shoot up?)
There are a lot of liquidity zones above, so it will be difficult for buyers to push the price up, but the positive news background may help.
We believe that the medium-term target for the SOL price of $50 is more than fair, and we’ll see what happens next.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more