It became known which cryptocurrency from the top 20 ranking fell the most

Over the past day, the Solana cryptocurrency rate has fallen by almost 20%, and over the past seven days — by 50%. Market experts warn that the negative trend will continue. Solana tokens have been affected by the FTX crash, just like all other leading cryptocurrencies that are experiencing a drop.

It seems that the Solana ecosystem is collapsing along with FTX and Alameda, as experts note a massive outflow of customers from Anatoly Yakovenko’s platform. Solana’s price volatility and pessimistic sentiment among cryptocurrency holders have reached their peak as a result of the turmoil between Binance and FTX CEOs.

A three black crows pattern has formed under the 50-day moving average on the SOL price chart, indicating that the cryptocurrency’s decline is likely to continue. Cryptocurrency experts warn: SOL could fall to $ 5.5 if traders push the asset below the immediate support of $ 11.50.

It is worth noting that most analysts express distrust of Solana as a safe digital asset for investment. Experts doubt that SOL is a reliable cryptocurrency. However, even despite the recent technical failures of the Solana blockchain, the SOL cryptocurrency is still predicted to have a successful future. At the end of October, InvestAnswers experts predicted Solana’s growth by 825%, calling the cryptocurrency the main competitor of Ethereum.

At the time of writing, Solana (SOL) is trading at $ 13.93, down 19.68% from the previous day. The market capitalization of the digital asset is $ 5.047 billion, and traders made daily deals worth $ 563.63 million.