Senior expert at Bloomberg Intelligence, James Coutts, shared an analysis for SOL, which fell 10.2% during the week. Coutts, who shared the technical analysis chart on Twitter, emphasized that the old supports for Solana turned into resistance.
https://twitter.com/Jamie1Coutts/status/16820052621484032
The famous analyst made a comparison between Solana’s appearance in 2021 and today. While investors were buying in the $30-40 range in the previous rally, these levels now act as selling zones. Jamie Coutts does not expect a rally at Solana if he does not exceed this range.
Second Lowest Performing Altcoin!
The crypto money project Solana, which is known as the biggest competitor of Ethereum, draws attention with its low performance. SOL, which is among the top 10 cryptocurrencies according to CoinGecko data, became the second altcoin that lost the most value after Cardano among its competitors.
Top 10 cryptocurrencies with the highest market value.Big Loss Against Ethereum!
Solana, nicknamed the “Ethereum killer” by investors, lost value against its rival. Bloomberg analyst shared that SOL coin fell 75% against ETH in the chart he shared.
Solana vs Ethereum.SOL coin, which rose to $ 280 in the last months of 2021, lost confidence due to network problems.
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