Solana has been actively working to bounce back from recent losses, with Long-Term Holders (LTHs) playing a key role in its recent uptrend. The altcoin is currently in the 'Hope' zone on the NUPL indicator, historically signaling potential price increases. Institutional interest in Solana is growing, highlighted by Canada's approval of a spot SOL ETF. This move indicates institutional readiness for Solana, potentially paving the way for further positive developments in the US market. The increase in LTH accumulation reflects growing confidence in Solana's future, setting a strong foundation for price stability and growth. While Solana's price has surged this month, breaking the $180 resistance level could lead to sustained bullish momentum. However, failure to surpass this level may result in a decline back to $123, impacting the current positive outlook. Read more AI-generated news on: https://app.chaingpt.org/news

#ETF