Can Solana Break Through $200?

According to multiple sources,

the U.S. SEC has requested the issuer to submit a revised application next week,

indicating that the SOL spot ETF has entered the substantive review phase,

with an increased probability of approval, but still with uncertainties.

Currently, Canada has launched a SOL ETF that supports staking,

becoming an important reference for the U.S. version.

This time, the SEC's focus is on two main aspects:

Updating the content related to physical redemption

Clarifying how the ETF handles the staking mechanism.

It is worth noting that the SEC has an open attitude towards including staking in the ETF 😀.

This means that in the future, the SOL ETF can not only benefit from price appreciation,

but also indirectly earn staking rewards, which will enhance its attractiveness for capital allocation.

Driven by ETF expectations,

SOL has rebounded from $100 to $165.

However, before it is officially implemented, the market may still fluctuate,

and if the ETF passes smoothly, it is expected to continue testing the resistance level near $200.

Last night, the long position target around 2800 looked good for 60!

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