Solana (left), the weekly graph stood up again. While the atmosphere of recovery in the crypto currency market is, the investor interest has turned to Solana. Both the improvement in technical indicators and the expectations of ETF approval increase the upward potential in the left price. On the other hand, remarkable innovations in the ecosystem also fuel this interest.
Technical signals are strengthened, eyes are in 200 dollars
Solana has recently started to move towards critical resistance levels. According to technical analyzes, the price is expected to rise up to $ 200 if the current trend is preserved. This level is seen as a psychological threshold for many investors. In indicators such as RSI (Relative Power Index), upward acceleration also draws attention. However, some analysts recall that withdrawal may be inevitable if support levels are not protected.
Expressing the expectations of the rise in ratios exceeding 80 %shows how optimistic the solea investors are. However, the risk of volatility as well as such projections remain on the agenda. In particular, large whale movements or general market direction can reversal these positive expectations in a short time. For this reason, investors are both hopeful and cautious.
ETF Process and Corporate Expectations
The developments in Solana’s ETF application have created excitement in the market. According to information provided by Bloomberg analyst James Seyffart, the first final date for ETF was determined as October 10. However, the SEC is likely to take the process earlier. The high probability of approval has already increased expectations in the left price.
In case of ETF approval, solana is expected to enter the radar of corporate investors such as Bitcoin and Ethereum more often. This may be positively reflected in the direct price performance. In addition, the ETF process is interpreted as a development showing that trust in Solana is reinforced at the institutional level.
Some market experts think that the ETF effect will not only be limited to the price. With the increase in corporate interest, a growth can be seen in orientation and ecosystem investments to left -based projects.
Re -branding and innovation wave in the ecosystem
With the technical rise of Solana, there is mobility in the developer community. The re-branding of the Proof-of-Stake protocol is considered as a refreshing move for the future of the network. The new feature called the Confidental Balances (secret balance) is aimed at providing more privacy in user operations.
However, the Open Source Relayers business partnership focuses on making the network structure more open and improved. These steps are not only on the technical side; User experience and security also emphasizes Solana.
Projects such as Pumpfi and Pumpswap developed on the soleland with the revival of the breast token current. Although such applications, although speculative, adds dynamism to the ecosystem by keeping the user’s attention alive. Thus, Solana continues to stand out not only with its price but also with development activities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
