While FTX, which received approval for liquidation, was expected to shake Solana (SOL), the popular coin’s rise of nearly 6 percent created a trend.
FTX surprised everyone when it received sales approval for the cryptocurrencies in its portfolio. The scenario of the exchange’s approval was interpreted as meaning that the market in general would decline and that SOL in particular could lead to a collapse. Although FTX, which had a large amount of SOL in its possession, created uneasiness throughout the project, things went differently on the price side. Against FTX, which received a positive response to its liquidation request, SOL increased by 6 percent, making its investors and ecosystem happy.
Solana (SOL) chart evaluation
SOL, the cryptocurrency that has the most place in FTX’s portfolio, made an unexpected move. The major coin, which tried to maintain this support zone even though it violated $ 17.76 from time to time, recorded an increase of nearly 6 percent despite FTX receiving asset sale approval. The fact that the popular coin, which dropped to $ 19.34, performed well despite this news, surprised the ecosystem and the investor base.
As long as SOL, which currently has buyers at $18.81, remains above the $19.40 range, the levels that can be followed as resistance are $20.29 – 20.89 – 21.31 and $22.02, respectively. In scenarios such as BTC remaining below $26,000, negative news from the Solana ecosystem, or FTX causing fear in the market again, a pullback to $17.76 and $16.90 can be expected.
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