đ Solana Price Hits $172 Amid 22% Weekly Surge, Will It Reach $180 This Weekend?
Solanaâs price surged by 22.46% in a week, driven by VanEckâs ETF filing, reflecting strong investor interest.Political events caused brief mid-week volatility, but Solana maintained an overall upward trajectory.The potential approval of Solana ETFs could provide new investment opportunities, further boosting market confidence.
Solana (SOL) has recently been trading at approximately $170, exhibiting notable growth over the past week. Despite a slight decline of 0.09% in the last 24 hours, Solanaâs value has increased by 22.46% over the last seven days. The cryptocurrencyâs performance highlights its growing investor interest and potential for future gains.
#Solana is now trading at the $172 level.
Will it break $180 this weekend? â CoinGecko
đž Key Events Driving Price Movements
The beginning of the week saw Solanaâs price at around $140-$145. A boost occurred on July 14, coinciding with the filing of an S-1 for a Solana ETF by VanEck, a move that likely fueled the initial surge in SOLâs value. By July 15, the price had jumped to approximately $150, with continued upward momentum observed in subsequent days.
Mid-week, the market experienced some volatility, particularly between July 16 and July 18. Reports of an assassination attempt on Donald Trump coincided with this period of volatility. Although such political events can impact market sentiment, they did not seem to have a lasting effect on Solanaâs overall upward trajectory.
From July 19 to July 20, Solanaâs price stabilized and continued its upward trend, reaching around $170. This steady increase reflects positive market sentiment and rising market confidence in Solanaâs potential. The overall upward movement suggests that despite brief periods of volatility, Solana is maintaining a strong performance.
