🚨 SOL ANALYSIS: OCTOBER COULD BE THE TURNING MONTH! 🚀
Despite a slight retreat, Solana (SOL) remains strong around $206, with an optimistic outlook for the next month! 👀📊
📈 What is driving the price?
* Inflation in the USA: The rise in inflation (PCE report) cooled the market last week, as it suggests that the Fed may keep interest rates high, which discourages capital flow into cryptos. 📉
* ETF Factor: The main driver of optimism is the potential approval of a SOL ETF in mid-October (final deadline on October 10)! 🤩 Betting platforms already indicate a 99% chance of approval for a SOL ETF in 2025.
💡 Keeping an Eye on Key Levels:
* Resistances: We need to break $216 (critical!), then $232 and the high of $253 to confirm the uptrend. 🆙
* Supports: Keep an eye on $204 and $198. The strongest support is at $191. If this falls, SOL may seek $177. 🛑
🌐 Development and Growth:
* The TVL (Total Value Locked) in the Solana ecosystem has grown almost 198% in the last year! 🤯
* NEWS: Solana announced Keel, a new tool with an investment of $2.5 billion to act as a capital allocator and liquidity layer, boosting DeFi and RWAs (Real World Assets)! 🏗️
The market is awaiting "Uptober". Will SOL lead this movement? Stay tuned! 🔔
