Solana Price Prediction As SOL Surges 7% On VanEck Filing For First Solana ETF And Traders Rush To Buy This Solana Meme Coin Before It Lists

The
Solana
price
surged
7%
in
the
last
24
hours


to
trade
at
$144

as
of
03:43
a.m.
EST
on
trading
volume
that
skyrocketed
115%
to
$3.2
billion.

This
comes
as
VanEck
became
the
first
fund
manager
to
file
for
a
spot
Solana
ETF
(exchange-traded
fund)
with
the
US
Securities
and
Exchange
Commission
(SEC).

According
to
Matthew
Sigel,
head
of
digital
assets
research
at
the
firm,
the
filing
reflects
the
belief
that
Solana
distinguishes
itself
with
powerful
and
accessible
blockchain
software.

The
blockchain’s
high
throughput,
low
fees,
robust
security,
and
strong
community
combine
to
make
Solana
an
appealing
choice
for
an
ETF,
he
said.

I
am
excited
to
announce
that
VanEck
just
filed
for
the
FIRST
Solana
exchange-traded
fund
(ETF)
in
the
US.

Some
thoughts
on
why
we
believe
SOL
is
a
commodity
are
below.

Why
did
we
file
for
it?
A
competitor
to
Ethereum,
Solana
is
open-source
blockchain
software
designed
to…

pic.twitter.com/XwwPy8BXV2

—
matthew
sigel,
recovering
CFA
(@matthew_sigel)

June
27,
2024

Bloomberg
Intelligence
ETF
analyst
James
Seyffart
said
that
Solana
ETFs
products
could
launch
in
2025
if
there
is
a
new
administration
in
the
White
House
and
SEC.

First
SOL
ETF
filing
in
the
U.S.
Will
be
interesting
to
see
if
other
issuers
immediately
follow
suit.
Early
thoughts
are
that
this
only
has
a
shot
to
launch
sometime
in
2025
if
we
have
a
new
admin
in
the
White
House
and
SEC.
Even
then
not
guaranteed.

https://t.co/I1yoWNpdd4

—
James
Seyffart
(@JSeyff)

June
27,
2024

After
the
news,
the
SOL
price
soared
above
the
$123
support
level
to
breach
the
upper
boundary
of
the
falling
channel
pattern,
according
to
data
from


GeckoTerminal.

Solana
Price
To
Sustain
Its
Surge
Over
The
Falling
Channel
Pattern

The
Solana
price
has
been
trading
above
the
50-day
Simple
Moving
Average
(SMA),
which
is
a
confirmation
of
the
rising
bullish
sentiment
in
the
short
term.
If
the
bulls
sustain
the
momentum,
the
SOL
price
could
surpass
the
200-day
SMA
resistance
at
$152,
a
signal
of
a
long-term
bullish
rally.

Moreover,
the
Relative
Strength
Index
(RSI)
trades
at
61,
showing
that
the
asset
is
still
overbought
but
dropping.

The
general
outlook
of
SOL’s
price
is
bullish.
The
token
aims
to
use
the
current
price
as
the
major
support
to
push
the
price
of
Solana
to
the
next
resistance
level
at
$174.

However,
with
the
asset
being
overbought,
the
RSI
is
already
dropping.
This
signals
that
the
bears
are
booking
profits
from
the
current
surge.
In
this
scenario,
$135
provides
the
bulls
with
adequate
support
and
a
cushion
against
downward
pressure.

Meanwhile,
Solana
meme
coin
lovers
are
buoyed
by
news
of
a
possible
SOL
ETF,
with
many
rushing
to
buy
a
new
Solana
meme
coin
called


Sealana
(SEAL)

before
it
launches
on
decentralized
exchanges
(DEXs)
in
about
four
days.

The

#Presale
has
ended!
????
The

#Airdrop
will
commence
on
Tuesday,
July
2nd
at
1
PM
UTC!
????????

Don’t
worry
you
can
still
buy

$SEAL
before
the
airdrop
begins!
????????

#Sealana
is
more
excited
than
a
fat
guy
at
McDonalds
to
whale

$SEAL
into
your
wallets!
????
More
info
comin’
soon!
????

pic.twitter.com/9Mafi9u060

—
Sealana
(@Sealana_Token)

June
25,
2024

Sealana
Presale
Raises
Over
$6
Million
–
Best
Solana
Meme
Coin
To
Buy
Now?

Sealana’s
already
raised
more
than
$6
million
and
it’s
now
offering
a
last
chance
to
buy
before
it
launches
on
DEXs
on
July
2.

What
better
way
to
show
your
love
of
Lambos,
Massive
Gains
&
Freedom
than
getting
a

#USA
tattoo
to
show
for
it!
????????

#Sealana
knows
what’s
best
for
American
made

#Memecoins
and
has
a
plan
to
make
them
great
again!
????

Send

$SOL
????
and
let
him
be
an
example
for
all

#Degens!????

#MAGA

pic.twitter.com/B4aBZ2wEbI

—
Sealana
(@Sealana_Token)

June
14,
2024

The
project
is
based
on
a
chubby
seal
who
has
taken
a
deep
dive
into
the
Solana
Sea.
He’s
so
absorbed
in
the
degen
crypto
market
that
all
he
focusses
on
is
finding
the
next
big
Solana
meme
coin
while
gorging
on
a
trader’s
diet
of
chips
and
tuna
as
he
grows
fatter
by
the
day.

Crypto
Boy,
a
popular
crypto
analyst
on
YouTube,
says
that
the
token
has
the
potential
to
soar
100X
after
launch.

To
participate
in
the
presale,


visit
the
official
website
to
buy
SEAL
tokens
here.
One
$SEAL
costs
$0.022.

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