Solana’s price surges following
the Brazilian SEC’s approval of its first Solana ETF, with analysts predicting further gains.
Points
- Solana price reaches $154 after Brazil’s SEC approves a spot Solana ETF.
- The new ETF references the CME CF Solana dollar.
- Analysts predict further price increases, targeting resistance at $158 and $193.
- Market dynamics driven by regulatory approvals and investor sentiment.
Solana’s price surged to $154 following the approval of the first Solana ETF by Brazil’s securities regulator, with the ETF now awaiting approval from the local stock exchange B3. The new SOL ETF will reference the CME CF Solana dollar, developed by the Chicago Mercantile Exchange （CME） and Crypto Facilities （CF）, providing a uniform price quote for Solana.
Following a market clash, Solana’s price dropped to the $113 support zone but has since rebounded. The bullish trend sees the token crossing above the 50-day Simple Moving Average （SMA）, with analysts predicting further gains. The Relative Strength Index （RSI） is climbing above the 50-midline level, currently at 57, indicating increased buying activity.
If the buying pressure continues, Solana could soar above the previous resistance level at $193. However, if bears regain control, the price could retrace to the $130 support level.
解説
- Solana’s recent price surge is driven by the approval of Brazil’s first Solana ETF.
- The ETF’s launch provides a regulated investment vehicle, attracting more investors.
- Technical indicators suggest continued bullish momentum for Solana.
- The price dynamics reflect the broader market sentiment and regulatory impact.