The price of Solana’s SOL 

SOL

$22

 experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin 

BTC

$27,651

, or is it being driven by other factors? Prior to the price breakout — or perhaps, its recovery — SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX. Following the initial impact, which drove SOL’s price down to a two-month low of $17.34 on Sept. 11, some degree of confidence among bulls emerged as it reestablished the $20 support on Sept. 29. This movement coincided with a successful upgrade to version 1.16, boosting SOL by 16% over the next seven days.

SOL’s rally was also supported by growth in the usage of decentralized applications (DApps) and increased nonfungible token (NFT) volumes on Solana. SOL’s price is now attempting to establish a $23 support and consolidate its position as the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing ADA’s 

ADA

$0.253

 $9.22 billion.

according to my analysis sol coin will give profit $SOL #CryptoTalks