Solana

Bitcoin ETF

Spot

Solana (SOL) has gained traction as crypto assets start the week with slight gains. A look at the market shows crypto prices attempt a breakout after previous losses. At press time, the total market cap grew to $2.31 trillion, a 2.33% increase in the last 24 hours sparking a wider bullish projection.&nbsp; 
Assets like Solana outpaced the market in the last attempted rebound as price fluctuations continued. Today, SOL price maintains a lead in weekly gains among the top 10 assets rallying on the heels of previous inflows after two ETF applications. While bulls eye the $150 mark, bears opine that poor sentiments and volatility might make the mark unsustainable. 
<h2 id="strong-solana-to-climb-strong">Solana To Climb?&nbsp;</h2> 
Solana’s price has moved above other assets in the top 10 cryptos by market cap except for Cardano (ADA). <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener">SOL</a> trades at $148.15, a 3.78% increase in the last 24 hours behind only ADA with a 5% rebound. The asset’s growth takes its market cap above $68.5 billion while daily trading volumes jumped a massive 45.8% to $1.89 billion. 
<img decoding="async" class="aligncenter size-full wp-image-205385" src="https://coingape.com/wp-content/uploads/2024/07/chart-68.jpeg" alt="" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/07/chart-68.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/07/chart-68-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/07/chart-68-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/07/chart-68-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/07/chart-68-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/07/chart-68-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px"> 
The weekly growth of Solana points to a renewed upswing as it notched over 16% gains while monthly figures are still in the red zone. Based on recent on-chain data, market analysts have projected an upward trajectory for the asset.&nbsp; 
At the moment, SOL is behind previously hit resistance levels after taking a tumble with the wider market. As a result, a reduced uptick was recorded in <a href="https://coingape.com/top-solana-memecoins/" target="_blank" rel="noopener">Solana meme coins</a> and decentralized finance numbers, bearish traders argue. 
<h2 id="strong-bulls-look-to-spot-etf-strong">Bulls Look To Spot ETF</h2> 
The recent filing of spot Solana ETFs remains a major driving factor for the asset’s price. This year, ETFs have rallied the crypto market following huge institutional investments in the sector. Spot <a href="https://coingape.com/bitcoin-etfs-dominate-us-market-in-q1-2024/" target="_blank" rel="noopener">Bitcoin ETF</a> approval in January changed the dynamics after the asset soared to an all-time high above $73,000. Ethereum products are also expected this summer which also ignited bullish activity. Solana holders point to institutional inflows as a pathway to sustained growth. 
Also Read: <a href="https://coingape.com/trending/dogecoin-price-to-attempt-2-with-with-memecoin-supercycle-says-analysts/" target="_blank" rel="noopener">Dogecoin Price To Attempt $2 With Memecoin Supercycle Says Analyst </a> 
The post <a href="https://coingape.com/trending/solana-bulls-eye-150-whats-next-for-the-asset/">Solana Bulls Eye $150, What’s Next For The Asset?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Solana Bulls Eye $150, What’s Next For The Asset?

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