{"id":368282,"date":"2022-07-01T00:20:20","date_gmt":"2022-06-30T18:50:20","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/traders-debate-whether-it-is-a-good-time-to-invest-in-solana-sol-now-that-it-is-87-below-its-all-time-high\/"},"modified":"2022-07-01T00:20:20","modified_gmt":"2022-06-30T18:50:20","slug":"traders-debate-whether-it-is-a-good-time-to-invest-in-solana-sol-now-that-it-is-87-below-its-all-time-high","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/traders-debate-whether-it-is-a-good-time-to-invest-in-solana-sol-now-that-it-is-87-below-its-all-time-high\/","title":{"rendered":"Traders debate whether it is a good time to invest in Solana (SOL) now that it is 87% below its all-time high"},"content":{"rendered":"
The cryptocurrency sector is caught in a deep correction and recent news shows that most altcoins are down more than 70% from their 2021 highs. Solana is among that list, and investors are undecided as to whether the token has fundamentals good enough to justify an investment in SOL at its current valuation.<\/p>\n
Data from Cointelegraph Markets Pro and TradingView shows that SOL is down 87.5% from its all-time high, and given the current state of the market, most price breakouts fail to make a daily high.<\/p>\n