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Automation to fix manual intervention during network problems in Solana
- Co-founder Helius Labs’ claims address longstanding criticisms of manual human intervention during network issues.
- “There is a new change in the business that is automating this,” says Mert Mumtaz.
- Suffering from a negative trend for a week, SOL is trading at $20.62.
Mert Mumtaz, co-founder of Helios Labs, took to Twitter earlier today to claim that Solana has been dealing with longstanding criticism regarding manual human intervention during network issues. “There is a new change in the business that is automating this,” he said, while also asking his followers to consider the idea.
Mumtaz reminded his Twitterati that it took years to get to where he is today and Solana was no different. Most of his followers welcomed the idea. One user was quoted as saying, “Solana will end up with the best blockchain because of the outages, not in spite of them. Chewing glass is accepting failure, picking yourself up, saying, ‘I can do better.’ And then proving it. PR like this proves it.” that “.
solana has received a lot of criticism in the past regarding manual human intervention during network issues, and there has been a new change in the works that automates this – go weigh!! Remember, morality took years to get to where it is, and it’s no different for solana https://t.co/DkvrnUod1N
– lightspeed mert | helius.xyz (@0xMert_) May 16, 2023
With a market cap of $8,159,578,676 and a trading volume of $271,416,935, Solana ranks ninth in CoinMarketCap’s top coins by market cap list. At a value of $20.62, Solana is down 1.01% in the past 24 hours and 0.40% in the past week. SOL also weakened against BTC by 0.5%.
SOL/USDT Daily Chart (Source: TradingView)
From the daily chart, it is clear that SOL is trading lower below its 9 and 20 EMAs, which could be a sign that it will drop further in the next 24-48 hours. The daily chart’s RSI supports this bearish theory, with the RSI line positioned just below the RSI SMA line. With a value of 42.7, it is also very close to oversold territory.
SOL/USDT Daily Chart (Source: TradingView)
The Bollinger Bands on Solana’s chart show that there have been no major fluctuations in its price and that it has been moving sideways over the past few months, since its big jump in early January. Looking at the current movements, it can be estimated that the price may rise above the SMA line and reach the upper band.
Disclaimer: Reviews and opinions, as well as all information shared in this price forecast, are posted in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.
Post automation to fix manual intervention during network issues appeared in Solana first in the Coin release.
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