Will the Solana (SOL) ETF Hype Push it Over $200 This Weekend?
Solana (SOL) is back on its revival track as the fifth-biggest cryptocurrency breached the $170 mark after a brief break. SOL’s ongoing bullish run overshadowed Bitcoin. But the burning question on every crypto investor's mind is: Will the Solana ETF hype be enough to propel SOL past the $200 mark this weekend? The excitement is palpable.
Speculation is swirling in the crypto markets as rumors of a Solana ETF continue to build momentum. With major financial institutions reportedly eyeing SOL for the next big ETF offering, the possibility of significant capital inflows is very real. As Wall Street eyes crypto’s next big opportunity, a regulated Solana ETF could inject billions into the ecosystem. If demand surges like it did with Bitcoin’s ETF, analysts are predicting a substantial price increase for SOL.
Brazil has already greenlit Solana ETFs, and the SOL ETF hype is now making its way towards the US. Will it help the token claim a new high? The world’s first spot Solana ETFs will debut tomorrow, Ap. Will SOL Price Reach $200? As the breakout rally builds momentum above the 200 EMA, technical analysis suggests a positive outlook.
Key Insights:
- Solana price flipped bullish, targeting $180 and $200 as next resistance levels.
- Macro triangle breakout projects SOL price toward $288.51, with potential further upside.
- Based on these Solana projections, SOL will be changing hands at $162.55 on Aug, gaining 0.59% in the process. While current projections for August are modest, short-term bullish sentiment could drive SOL higher.
- SOL may spike by 14% to hit the $184.
Keep an eye on SOL this weekend. The combined force of positive momentum, ETF anticipation, and technical indicators could very well push it over the coveted $200 barrier.