Ethereum

Solana

United

Spot

<ul class="list-ic vertical">
 <li><span>1</span> <a>SOL Chart; price and volume are giving positive signals.</a></li>
 <li><span>2</span> <a>Solana price is trading above the key moving averages showcasing bullishness</a></li>
</ul>
<p>The approval of spot <strong>Ethereum exchange-traded funds (ETFs)</strong> in the United States has significantly ignited the <a href="https://www.thecoinrepublic.com/2024/04/29/the-bitcoin-therapist-shared-cryptocurrency-investment-journey/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape and marks a crucial step forward in cryptocurrency regulation.</p>
<p>A recent research report by different analysts suggests that <strong>Solana ETFs</strong> might be the next, signaling that other crypto could receive similar regulatory treatment. Moreover, this sparked the curiosity among the investors and traders.</p>
<h2 class="wp-block-heading" id="strong-solana-crypto-price-and-volume-rising-strong"><strong>Solana Crypto Price and Volume Rising</strong></h2>
<p>The Santiment graph for volume and price indicates that the trading volume has risen over the past few days, and the price has also gone up. The price has experienced significant growth in recent days. Therefore, the price is likely to rise in the long run.</p> <iframe loading="lazy" title="Santiment Chart: Price (SOL), Volume (SOL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=solana&amp;pt=SOL&amp;df=2023-11-27T18%3A29%3A59.409Z&amp;dt=2024-05-27T18%3A29%3A59.409Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%2392a3ec&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>From the beginning of May month, the price and volume keep on rising suggesting a bullish trend</p>
<h3 class="wp-block-heading" id="strong-solana-crypto-social-dominance-vs-social-volume-strong"><strong>Solana Crypto Social Dominance vs Social Volume</strong></h3>
<p>The social dominance and social volume have experienced a downward trend over the past few months, resulting in a negative impact on the price. Additionally, the momentum of Solana’s price could be influenced by shifts in social dominance and volume dominance.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (SOL), Social Volume (SOL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=solana&amp;pt=SOL&amp;df=2023-11-27T18%3A29%3A59.409Z&amp;dt=2024-05-27T18%3A29%3A59.409Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>If the social metrics of the coin rise in the upcoming week it may affect the price positively.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-explaining-the-sol-chart-strong"><strong>Explaining the SOL Chart</strong></h3>
<p><strong>SOL </strong>is in a bullish phase. The token has maintained its position above important moving averages and continues to extend its gains. It has recently experienced a “golden crossover” and has seen a notable increase of over 20% this month, reflecting a strong bullish trend.</p> 
<p><a href="https://in.tradingview.com/chart/SOLUSD/zbtfnIg3-Sol/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/writer12_gsm/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>Solana’s cryptocurrency price initiated a significant upward movement from lower support levels by breaking through a major trendline, resulting in a surge towards higher resistance levels.</p>
<p>The SOL token’s price has been following an upward trend, trading above both the 50-day and 200-day moving averages, indicating a bullish market sentiment.</p>
<p>Solana’s cryptocurrency price received significant buying interest and strong support from buyers at the $126 support level. This led to a 50% surge in price to $189, demonstrating the current dominance of buyers in the market.</p>
<p>At the time of writing, the price of Solana’s cryptocurrency (SOL) was $167.59, experiencing a 1.39% intraday decrease, yet still indicating bullish sentiment in the charts. It has shown a monthly return of 19% and a yearly return of 66%, with a market capitalization of $76.08 Million. Analysts are optimistic about SOL’s future price movements and anticipate further upward movement in upcoming trading sessions.</p>

Will Spot Solana ETF Speculations Spark the SOL Crypto Price?

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Thecoinrepublic.com

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