Solana price (SOL) price remains below the $200 mark, struggling to regain momentum. The cryptocurrency has dropped 10% in the past week amid broader market uncertainty. Since hitting its all-time high, SOL has been in a corrective phase. Meanwhile, Solana’s founder has responded to criticism from Aave’s creator, fueling the ongoing debate.
Solana Price Hovers Below $200 as Kamino Faces Aave Founder’s Criticism
Solana price remains below the $200 mark as tensions rise between the network’s supporters and DeFi critics. The latest controversy centers on Kamino, a Solana-based lending protocol that has drawn comparisons to Aave’s earlier technology.
Critics, including Aave founder Stani Kulechov, have called out Kamino for borrowing old designs while restricting users from certain regions, including the UK. Despite the backlash, Solana Foundation President Lily Liu defended the project, calling it a superior product, fueling further debate within the DeFi community.
Solana co-founder Anatoly Yakovenko also weighed in, refuting claims that Kamino was merely an Aave clone with a subpar interface. While Solana’s DeFi ecosystem expands, skepticism persists about the network’s approach to innovation versus replication.
With its price hovering under $200, investor sentiment remains uncertain, especially as regulatory challenges and competitive tensions add pressure to the blockchain’s growth narrative.
The state of Solana DeFi:
– Copycat Aave’s old tech
– Slap a half baked UI
– Restrict also UK users from using it
– Solana foundation president calls it a better productExpect people to buy the bluff. https://t.co/wbeDnwlBSu
— Stani.eth (@StaniKulechov) February 10, 2025
Solana Price Analysis
The latest SOL price hovered at $197.92, maintaining a tight consolidation range near the $190 support level. The cryptocurrency struggled to reclaim higher levels, signaling potential weakness in buying momentum.
Technical analysis shows that SOL faces resistance at $232 and $250, with stronger rejection expected at $260. A break above these levels could push the Solana price prediction toward the $300 psychological mark.
However, failure to sustain gains may lead to a retest of the $190 support, with further downside risks if bearish momentum intensifies.
The Moving Average Convergence Divergence (MACD) indicator shows a weak bullish crossover. The MACD line remains close to the signal line, indicating a lack of strong directional movement. The Relative Strength Index (RSI) stands at 45, suggesting that SOL is in neutral territory, with no immediate overbought or oversold conditions.
Solana’s founder Anatoly Yakovenko defended Kamino against Aave’s Stani Kulechov, intensifying debates over innovation and replication. The SOL price must surpass $232 and $250 resistance to reach $300, overcoming regulatory and competitive hurdles.
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