"It is not easy for investors to sleep because at any time SOL can rise above the $20 level."
Cryptocurrency Solana (SOL) did not miss a big blow when it suffered a huge amount of losses from the FTX crisis that has shaken the entire crypto market.
Despite that, SOL has recently managed to recover even though most other digital assets are still surrounded by negative sentiment which is the cause of their plummeting prices.
But it should be noted that the digital asset is likely to make a short-term horizontal movement first before continuing its rise, just like other cryptocurrencies where it is expected to jump in the near term.
While SOL is also predicted to break through the $18.10 level after its price successfully crossed the $15 level, but so far the digital asset has only reached $17.
As of this writing, the price of SOL has decreased slightly by 0.54% hovering at the $16.03 zone in the last 24 hours while its weekly price has gained around 44%.
For the record, SOL ended up ranking 11th in the market while its weekly gain advanced by 60%, but the market cap of the digital asset market is still low at $6 billion compared to its previous $13 billion.
All in all, the price of SOL has the potential to jump to the $20 level and its success will surely re-convince investors to buy digital assets without fear.
