### 🚀🚀🚀 #SolanaPrice Prediction as Standard Chartered Eyes SEC Approval for More Crypto ETFs – Will $SOL 10x Next?

#### Bullish Momentum for Solana Amidst Positive Market Sentiment

Solana's (SOL) price continues its upward trajectory, nearing $170 and hitting an intraday high of $170.26. The anticipation surrounding Standard Chartered's interest in SEC approval for more crypto ETFs, including Solana, is fueling optimism and speculation.

#### Potential Impact of Solana & $XRP ETFs by 2025

Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, forecasts the approval of cryptocurrency ETFs for Solana and XRP by 2025, following the SEC's approval of Ethereum spot ETFs. Kendrick believes that Ethereum’s approval sets a precedent that could attract significant institutional investments, potentially boosting the market dominance of Bitcoin and Ethereum and paving the way for Solana and XRP ETFs.

#### Positive Inflows into #BitcoinETFs Boost Confidence

Since the SEC approved spot Ethereum ETFs, US spot Bitcoin ETFs have seen ten consecutive days of positive inflows, totaling $251.94 million as of May 24. Leading the surge are BlackRock’s iShares Bitcoin Trust (IBIT) with $182 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $44 million. This trend highlights growing investor confidence in the cryptocurrency market, which could positively impact Solana’s price.

#### Solana Price Analysis

Currently, Solana (SOL) is trading at $165, showing a modest increase of over 1%. Key levels to monitor include:

- **Resistance**: $170.37, $176.66, and $183.26

- **Support**: $156.75, $151.08, and $144.08

The Relative Strength Index (RSI) is at 41.51, indicating neutral momentum, while the 50-day Exponential Moving Average (EMA) is at $168.59, suggesting a downward trend. Solana’s position above the pivot point at $160.54 suggests potential for upward movement. Breaking above the immediate resistance at $170.37 could push it towards $176.66 and $183.26. Conversely, falling below $156.75 could lead to further decline.