Cryptocurrency of a Ukrainian developer managed to grow by more than 14% per day

The Solana cryptocurrency, developed by Ukrainian Anatoly Yakovenko, has shown significant growth. SOL managed to rise in value by 14.1% per day.

Thanks to this, Solana has become the leader of the crypto market in terms of daily growth, surpassing other assets in the top 20 list by market capitalization. Currently, the token price is moving towards an important level of $ 20. At the time of writing, the token is trading at $ 18.57, up 10.6% from a week ago.

Solana has set the following support and resistance levels: $ 15.09 is support and $ 17.87 is resistance. Now the token is above the resistance level, if it can maintain a stay beyond this threshold, it could indicate a potential recovery to $ 20, analysts said.

Solana’s community sentiment looks bearish, while the Fear and Greed Index shows 54 (neutral). It is worth noting that this week Solana registered a noticeable surge in daily active addresses, which means a significant increase in user engagement.

Yesterday, on June 29, we launched high-performance cross-network trading between the Solana and Ethereum Virtual Machine networks. Now, Solana users will be able to access EVM-based blockchains without using derivative tokens.

As a reminder, the Solana project token was among the main losers from the top 10 best tokens in the past weeks. This is due to the fact that the US Securities and Exchange Commission (SEC) has named Solana, BNB, Cardano, and Polygon as securities in its lawsuits.