Solana price is sitting on the Diaoyutai? ETF may become a new booster!

Speaking of which, although SOL, the fifth largest currency in the market, has soared 580% in a year, it has fallen 1.5% in the past week and 11.5% in a month.

However, there is still a lot to look forward to in SOL. Matthew Sigel, head of digital asset research at VanEck, said yesterday that after the approval of the Ethereum ETF, SOL is one of the tokens most likely to launch a dedicated ETF.

With the support of ETF, the price of Solana, a mountain coin, may rise sharply.

From the technical chart, Solana is in a mixed state now, but the recent oversold situation may make it easier to rise in the short term.

For example, the relative strength index (purple) plummeted to 30 in early July, and has been struggling except for two days of gains since then. Also, the 30-day average (orange) has only recently exceeded the 200-day average (blue), which means that this currency should rise a little before a sharp correction.

Even more favorable for SOL is that its support (green) and resistance (red) levels are approaching, which means there could be a big move.

Many traders and analysts think so now, and some even predict that Solana's price will reach four figures during this cycle.

This goal sounds a bit big, but the possibility of a Solana ETF could be a game changer.

Yesterday, Matthew Sigel of VanEck was interviewed and he felt that the Solana ETF is more likely to be launched than the XRP ETF. He said that there is more demand for the SOL ETF than the XRP ETF, and he also praised Solana for being more decentralized than Ripple/XRP.

VanEck has applied for the Solana ETF in recent weeks, so this fund may appear soon.

Assuming it is really launched, the price of Solana may rise to $250 again by the end of the year.

At this stage of the market, if you cut your losses, you will be reluctant. If you hold on, you will be worried that it will continue to fall. If you buy at the bottom, you will be afraid of buying halfway up the mountain. If you don’t buy at the bottom, you will be afraid of missing the opportunity to get on the train. Most of the time, you are either annoyed or blaming yourself. This kind of life is not easy. If you are in this state now, please like and follow the avatar to join the team! I believe that our meeting can help you reduce the torture I have experienced!

#热门话题 #sol板块 #币安7周年 #BTC☀