Solana (Sun) is once again in the center of attention when the bullish impulse returns to the cryptography market. After briefly touching $ 212 last week, Altcoin turns around $ 209, but has maintained strong and causing renewed optimism among merchants.
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Analysts now see a possible rally towards the level of $ 250, backed by the growing institutional flows and speculation around an ETF Spot Solana.
Bitget’s CMO, Jamie Elkaleh, said that “ETF conversations around Sun are further amplifying interest,” pointing out the most favorable regulatory tone that emerges in the United States
Market observers believe that a Solana ETF could boost scale adoption, positioning Sun as one of the strongest alternatives to buy before the next wave of institutional products.
Solana Etf Buzz feeds the impulse for Altcoins
Solana is not the only digital asset capture. Wall Street analysts expect more and more than the SEC of the United States to expand ETF approval beyond Bitcoin and Ethereum. Among the main contestants are Solana, XRP and Cardano, three coins that already have a high liquidity and established derivative markets.
James Seyffart, from Bloomberg, suggested that assets such as Solana and XRP are “well positioned to qualify under the existing listing rules”, with an institutional demand that probably increases once the funds are launched.
If approved, the introduction of a Solana ETF could trigger a demand shock, unlock new entries and strengthen its long -term market structure.
Why merchants are seeing closely to
Beyond ETF speculation, the growth of the solana chain continues to capture attention. The Network recently reached a milestone with real world assets (RWAS) exceeding $ 500 million, which underlines the growing institutional adoption of traditional tokenized assets.
At the same time, Solana has maintained a strong commercial activity, with a daily volume of Dex that reaches almost $ 7.93 billion, even surpassing Ethereum.
In the Technical Front, Sol shows signs of resilience. Nearly around $ 209.30, the Token is comfortably above the key mobile averages, with the 7 -day SMA at $ 206.70 providing immediate support.
SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview
Analysts are closely observing the resistance level of $ 218, since a break could open the door to higher objectives between $ 230 and $ 250. The RSI with 56.27 points to a sustainable impulse with space for more rise before reaching the territory of overcompra.
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While short -term signals such as a slightly bassist MacD histogram suggest caution, merchants are still sure that the foundations of Solana strengthening, combined with the anticipation of the ETF, could feed the next important manifestation.
Chatgpt cover image, tradingView Solusd graphics
