#solana $SOL
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Crypto Mirror Live
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Solana price aims for ATH as fundamentals and technicals align.
Solana price continued its strong momentum this week, and the alignment between its technicals and fundamentals points to more gains in the coming weeks.
Solana Solana
sol
4.3%
Solana token jumped to a high of $255 on Thursday, Sep. 18, its highest level since January. It has jumped by over 163% from its lowest level in April.
The main catalyst that will push Solana price parabolic is that the final deadline for several spot Solana ETF approvals is nearing. For example, the deadline for the Grayscale Solana Trust is Oct. 10, while that of other funds is on October 16.
Polymarket data shows that the odds of the agency approving these ETFs have continued to rise in the past few months.
As one of the biggest cryptocurrencies, there is a high likelihood that these funds will have robust inflows from investors who view cryptocurrencies as viable alternative assets. For example, the recently launched Solana staking ETF has already raised over $289 million in assets.
Solana price continued its strong momentum this week, and the alignment between its technicals and fundamentals points to more gains in the coming weeks.
Solana Solana
sol
4.3%
Solana token jumped to a high of $255 on Thursday, Sep. 18, its highest level since January. It has jumped by over 163% from its lowest level in April.
The main catalyst that will push Solana price parabolic is that the final deadline for several spot Solana ETF approvals is nearing. For example, the deadline for the Grayscale Solana Trust is Oct. 10, while that of other funds is on October 16.
Polymarket data shows that the odds of the agency approving these ETFs have continued to rise in the past few months.
As one of the biggest cryptocurrencies, there is a high likelihood that these funds will have robust inflows from investors who view cryptocurrencies as viable alternative assets. For example, the recently launched Solana staking ETF has already raised over $289 million in assets.
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