SOL is down 91% from its all-time high, a significant drop made worse by the monumental collapse of FTX.
On the 1 hour chart we still cannot identify the accumulation figure, the possibility of a double bottom at the level of $11 is on the radar. Depending on the macroeconomic situation, it may also, instead of making a double bottom, form a triangle and break upwards.
Yakovenko announced a blockchain update urging Solana block validators to "update to 1.13.5". He praised the upgrade as a solution to the Solana network outages – which drove down SOL prices.
Here are the supports and resistances on H1:
Supports: 13.14 / 12.77 / 12.04
Resistances: 13.70 / 14.24

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