Is Solana ETF Approval Near? Will Price Hit $160 or Drop?

Solana is truly generating a batch of excitement, fixed the rumors astir its ETF getting approved soon.

Right now, it’s starring the contention alongside XRP successful the ETF applications. That is bully quality due to the fact that support would mean much inflows of superior and investors to Solana. 

Moreover, the blockchain itself has been performing good with higher users of Solana implicit different Ethereum-based DEXs and trading platforms.

With this excitement, Solana’s terms could person the imaginable to rally up to $160 soon alternatively of going down. 

Moreover, the terms has been recovering arsenic it gained 2% of its worth implicit the past 24 hours. The trading measurement surged by 9% to $2.8 billion, with its marketplace headdress signaling a 2.6% surge to $58 billion. 

Looking astatine Solana’s play chart, things don’t look excessively promising either. The terms has taped a cardinal enactment level of $114 and bounced disconnected it. The terms is presently astatine $134. 

Additionally, the Relative Strength Index (RSI) is rallying up aft tapping the enactment level, which means the bulls are successful control. If the terms keeps up this momentum, it could scope $160 earlier monday. 

However, there’s a absorption level astatine the aforesaid $160 target. If the terms wants to proceed successful an uptrend, it would request to interruption this level. However, if it doesn’t, the terms could retrace and driblet down to $100 oregon more 

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