Solana: Drawing up a strategy for SOL traders amidst the market drawdowns

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since its April highs, Solana (SOL) has been enduring heavy sell-offs while the sellers breached critical supports and flipped them to resistance.

Timeline of Solana

Solana changes name on Twitter to Solano after Jack Dorsey misspelled the chain as a temporary move to embrace his diss of the blockchain and it seems the fans are enjoying the joke so let's read more today in our latest blockchain news. The outages and the safety ratings could break Solana's bones but it

Over the past 24 hours, SOL crashed by a whopping 18% and is now found in a freefall. Key Support levels: $23 Key Resistance levels: $37 With Solana losing its key support at $37 a while back, which has now turned into resistance, the price is well on its way to testing the next important

Solana is a decentralized crypto computing platform that has been growing rapidly in the past few months. The blockchain network powered by its native token, $SOL, has been on a path to becoming one of the world's most respected and powerful blockchain platforms.

The host of popular crypto market commentary show Coin Bureau says that he is bullish on Solana ($SOL) despite its recent network outages.  During a discussion on YouTube series “Digital Asset News“, Coin Bureau's host “Guy” said that he is confident in $SOL despite the altcoin's dip in price and the Solana network's multiple outages.

Fractal, an NFT platform centered on gaming, is launching a non-custodial wallet to onboard new members who are unfamiliar with cryptocurrency. Fractal Plans to Streamline Web3 Gaming With Google Sign-in Cryptocurrency and NFT platforms face a continuous barrier in onboarding…

Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs).

Solana refuted the poor safety rating from the DEFI watchdog Defi Safety after the report cited concerns about the network's crash-prone architecture so let's read more today in our latest blockchain news. Solana refuted the poor safety claims made by DeFi Safety, an independent DeFi rating organization that ranked Solana is the second-worst according to

The price of solana appears to be on the slide, but there may be chances of profit taking. As the bulls have failed in their attempts to regain the price of Solana, the price continues to fall sharply. Today, the price of SOL is $40, and it is still trading within a downward parallel channel. …

Solana have announced the creation of a $100 million fund today to support the growth of blockchain gaming, DeFi projects, and non-fungible token (NFT) in South Korea. Solana Ventures and Solana Foundation, two divisions of Solana Labs, established the new fund.

Solana is back above $40.41 thanks to a bullish performance in the last few hours prior to this press. The cryptocurrency has been struggling to recover from its bearish performance which was largely influenced by its network woes.