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Solana joins the ranks of FTT, LUNA with SOL price down 97% from peak — Is recovery possible? According to Cointelegraph




solana (SOL), the cryptocurrency once backed by Sam Bankman-Friedpared some of its losses on December 30, a day after falling to its lowest level since February 2021.

On the daily chart, the price of SOL rebounded to around $10.25, up more than 20% from the previous day’s low of around $8.

weekly price chart. Source: TradingView
Performance of FTT (red) vs LUNA (green) vs SOL (blue) since November 2021. Source: TradingView
The SOL/USD daily price chart has a Doji candlestick pattern. Source: TradingView