Solana ETF optimism grows with steady $250M inflows đčđ
Circle, a stablecoin issuer, minted $250 million USDC on the Solana (SOL) blockchain on June 10, increasing market confidence in the impact of the Solana ETF on token prices.
Main point:
Large amount of USDC: Reflects growing demand for Solana, with current price of $143.85, up 8.14% over the past week.
Circle's Commitment: To increase Solana's liquidity, with recent actions showing fulfillment of that promise.
Market Prediction: Solana ETF could increase the number of SOL holders, supported by positive Supertrend and MACD indicators.
Price forecast:
Short-term resistance is expected at $160.
Analyst Ali Martinez predicts a possible increase to $950, according to the 2021 growth model.
Risks:
If optimism declines, SOL price could drop to $137.39.
The long-term forecast depends on the US political outcome, especially Trump's re-election.
The market is closely monitoring Solana's price movements and ETF-related developments.
Source (https://beincrypto.com/solana-etf-optimism-sol-price-prediction/)