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Solana Price Prediction: SEC ETF Approval Talk Fuels Gains, Watch Out For $175

From investingcube.com

Solana has been in Ethereum’s shadow since late May, with the latter proving more attractive to institutional investors. However, Solana price rose to two-week highs of $167 on Wednesday, staying on course to record the sixth successive daily gain. Solana investors are holding on to hope that an impending spot ETF approval could spark an uptick of institutional purchases and help it compete favourable with Ethereum. Despite gaining 6% in the last week, Solana price is still below the 200-day Simple Moving Average (SMA) level, which is at $175 as of this writing. However, it trades above the Volume Weighted Moving ... (full story)

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  • Category: Technical Analysis