💥🌟 Spot Ethereum ETF approval sparks plan for a Solana ETF soon

$SOL price has formed a symmetric triangle on the Daily time frame and continues to trade within it.

The cryptocurrency is trending inside an ascending parallel channel, increasing the likelihood of falling toward the lower trendline in May.

The altcoin failed to breach its resistance trendline, resulting in a strong bearish reversal on the chart.

Solana is struggling to maintain support at the 50% Fibonacci level.

If the market sustains the price above the support zone, SOL will retest its $180 resistance level.