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Solana (SOL) Bounces Back After Significant Price Drop in November

Solana's price experienced a significant drop of around 80% in November 2022, but has since rebounded. Despite regulatory uncertainty and concerns over its classification as a security, Solana appears to be trending positively, with the Relative Strength Index indicating a bull trend.

The platform has also addressed concerns over platform downtime with over 90 days of online status and the upcoming launch of Firedancer. Recent data suggests that sentiment surrounding Solana remains optimistic, with a prevalent preference for long positions and an expectation of a price increase.

Solana Solana $237.95
-5.75%
Solana
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