Miles Deutscher, known for his analysis of cryptocurrencies, stated that Solana (SOL) is an important piece for his portfolio.
Commenting on the developments on the LEFT side, famous analyst Miles Deutscher stated that Solana is going through the FUD storm. Stating that the project has been faced with many fears, uncertainties and doubts recently, Deutscher drew attention with his positive views. Seeing Solana as a powerful EVM (Ethereum Virtual Machine), the analyst announced that he plans to include SOL in his altcoin portfolio. So how are things progressing on the technical side of SOL?
Solana (SOL) chart evaluation
After breaking the rising trend downwards, SOL reacted at $18.57 and reached $19.12 in a short time. The popular coin, which is slowly approaching the resistance area, may start a movement towards $ 20.37 – 20.89 – 21.31 and $ 22.04, respectively, if it breaks $ 19.49 in volume. In particular, the reflection of positive developments by FTX will add extra strength to the SOL price.
Scenarios such as BTC falling below $26,000, FUD spread by the Solana ecosystem or FTX will push the token price to lower levels. In such a scenario, the buyer areas that can be followed will be $ 18.54 and $ 17.90. Every period below $17.90 will strengthen the possibility of a drop to $15.
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