Solana

<ul><li>Solana (SOL) price dropped 11% in a week</li><li>SOL’s social mentions declined by 50.7% in the last 7 days.</li><li>Solana Foundation defends SOL as not a ‘security’ as alleged by the SEC.</li></ul>Solana (SOL) landed on the SEC’s list of cryptocurrencies labeled as ‘securities’ on Monday. In the wake of that, the SOL markets have entered their chaotic volatile phase.Defending a concrete stance, the Solana Foundation stated to CoinDesk that SOL, the native token of Solana, is not a security. Likewise, the developers are unbothered by the SEC’s allegation. But yet, the aftermath highlights the downtrend of SOL. In the last week, SOL plunged 11%.The <a href="https://www.tradingview.com/x/9Qif3rBW/" rel="noopener noreferrer nofollow">data</a> from TradingView reflects SOL’s bearish condition and closer proximity to the oversold zone. Moreover, the current price momentum does not signal any possibility of a trend reversal. Nor does the magnitude of selling pressure around the asset is decreasing.Continue To Read <a href="https://thenewscrypto.com/solana-remains-bullish-despite-sol-labeled-as-security/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Solana Remains Bullish Despite SOL Labeled As Security

TheNewsCrypto

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