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Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?

Many investors are unsure what will happen to the Solana (SOL) price going forward after its recent 7 days decline of 13%. 

Solana has emerged as one of the most popular blockchains in the cryptocurrency industry due to its fast transactions and expanding ecosystem. However, it had a rough year in 2022, like others, and even worse due to the crash of FTX.

Fast-forward to January 2023, SOL started the year at $9.9610 and steadily rose above $20. At one point, SOL traded at $26, but it declined to $21.65% today due to a market-wide bearish trend. As a result, both investors and retail traders wonder if there’ll be a potential rebound or more dips in the future.

(by Eli Dambel)

Solana Solana $239.77
-4.31%
Solana
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