- Amid the ongoing bull run the price of SOL is up by a whopping 184.11% in the last 30 days.
- If the price manages to go past the $76 level, then it will likely move towards $92.6.
The firm behind Solana (SOL), Solana Labs, have refuted CertiK’s assertion that the Saga smartphone has a security flaw. Earlier, CertiK claimed that the crypto-enabled smartphone Saga had a security flaw, however this was disputed by Solana Labs.
On November 15th, security firm CertiK tweeted that a significant security flaw in the Saga smartphone may be exploited by an attacker using a “bootloader unlock” attack. According to CertiK’s findings, if the bootloader is unlocked, a local attacker may install modified firmware with a root backdoor.
Cathie Wood, CEO of ARK Invest, made recent comments on the Solana blockchain’s speed and efficiency, which boosted the SOL price. Cathie said that Ethereum, the leading altcoin, emerged as a more accessible and speedier alternative to Bitcoin. Recently, however, a more promising alternative to Ethereum has emerged in the form of the Solana blockchain.
Moreover, the platform’s dedication to promoting a lively and accessible ecosystem for developers has helped to the fast rise of decentralized apps (DApps) on Solana. Wood’s investing choices are very influential, shaping both market mood and the development of new technologies.
Significant Bullish Momentum
At the time of writing, SOL is trading at $65.72, up 10.27% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 34.05%. If the price manages to go past the $76 level, then it will likely move towards the $92.6 resistance level.
Source: CoinMarketCap
However, if the bears come in action and drive the price below $63.3 level, then the price will likely test $61.4 support level. Amid the ongoing bull run the price of SOL is up by a whopping 184.11% in the last 30 days.