Ethereum

Franklin

Solana

<ul>
 <li>At the time of writing, SOL is trading at $181.74, up 4.86% in the last 24 hours.</li>
 <li>If the price manages to go past $185 level, then it will likely test $203 resistance level.</li>
</ul>
Following the success of its spot Ethereum ETF, Franklin Templeton is now contemplating launching an ETF for <a href="https://thenewscrypto.com/will-franklin-templeton-be-the-next-to-launch-a-spot-solana-etf/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>. On the first day of trading, spot Ethereum ETFs received $107 million.
According to a recent post, Franklin Templeton, who was among the first to provide a spot Bitcoin ETF in the U.S, is hopeful about the prospect of further cryptocurrency ETFs, such as a Solana product.
Coincident with the introduction of their second cryptocurrency ETF, the Franklin Ethereum ETF (EZET), Franklin Templeton made a comment about possible Solana ETFs. A potential Solana ETF has been rumored in light of this optimistic forecast. Members of the community speculate that, after VanEck and 21Shares, Franklin Templeton may submit an application for a Solana ETF.
<h3 class="wp-block-heading" id="h-eyeing-200-mark">Eyeing $200 Mark</h3>
Amidst the wild swings in the crypto market, Solana (<a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) made a sharp turn around and formed a bullish channel after retracing to $171 level. Prior to this current market action, SOL’s price was above the $180 barrier, suggesting a possible rally.
Currently, the price of Solana is above the 100-day Simple Moving Average (SMA) on the 4-hour chart. Moreover, the price has rebounded and has once again reached above $180 level. At the time of writing, SOL is trading at $181.74, up 4.86% in the last 24 hours as per data from CMC. Moreover, the trading volume is down 14.41%. Notably, in the last 7 days the SOL price has surged a remarkable 15.70%.
If the price manages to go past $185 level, then it will likely climb further to test $203 resistance level. However, if the price falls below $171 level, then it will likely test $168 support level.

Solana (SOL) Price Rebounds Above $180 Level After Minor Correction

Table of Contents

TheNewsCrypto

Other articles published on Jul 24, 2024

Pepe Price Surges 5% as Open Interest Grows: Could This Signal a New ATH?

Top 5 Altcoins to Buy Now With Disruptive Potential – Find the Next Bitcoin?

Ferrari To Accept Crypto Payments in Europe After US Success

Top 5 Incubators for The 2024 Crypto Bull Run

Polymarket Taps MoonPay for Crypto Payments Amid Election Rush

Future of Hamster Kombat: From Viral Game to Crypto Powerhouse

Join our free newsletter for daily crypto updates!