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>>Solana's price may surge as an ETF approval is expected soon, potentially triggering new record highs.

Solana's price may surge as an ETF approval is expected soon, potentially triggering new record highs.

crypthub

5 days ago

Solana ETF Approvals Anticipated

Several major financial institutions, including Grayscale, Fidelity, and VanEck, are awaiting decisions on their Solana (SOL) Exchange-Traded Funds (ETFs), expected within the next few days. Approval odds are nearing 100%, suggesting a significant market shift is possible. The first Solana spot ETF, launched by REX-Osprey, has already garnered over $400 million, signaling strong investor interest.

Price Prediction and Market Signals

Solana's price is currently above $200, and technical indicators suggest a bullish outlook. The Relative Strength Index (RSI) has crossed above its 14-day moving average, acting as a buy signal. Key support to watch for is the $200 level, a strong bounce from which would further reinforce a positive prediction.

Emerging Crypto Presales Gain Traction

Alongside Solana’s momentum, other crypto presales are experiencing increased attention. Pepenode ($PEPENODE), a new project, has already raised $1.7 million for its mine-to-earn gaming platform. Users can earn rewards by setting up virtual mining nodes and competing for airdrops.