A document from the SEC
SOL ETF countdown begins!
Big G will clarify how to play SOL now
News:
The ETF has become the biggest variable; July may be a turning point
SEC suddenly gives the green light:
Regulators require Fidelity, Grayscale, and other institutions to update SOL ETF application documents within 7 days, focusing on adjusting the 'physical redemption' and 'staking yield' clauses. If approved, retail investors buying ETFs can not only profit from the price increase but also benefit from staking yields, making it twice as attractive!
Timeline exceeds expectations:
Insider news indicates that approval may come as early as 3-5 weeks (mid to late July), and Bloomberg analysts have even raised the probability of approval from 70% to 90%. Based on the historical increase of 60% after Bitcoin ETF approval, SOL may surge to $250-300 (current price $166.95)!
Risk Warning:
Don't just focus on the positives! The SOL token has unlimited issuance and centralization risks (the top ten holders lack major institutions) remains a landmine, and after the decline of Meme coins, ecological demand is insufficient. In the long term, we still need to see if actual applications can keep up.
Technical Analysis:
Short-term pressure, but the bulls are not backing down
Key Level Game:
Support: $150 (the boundary between bulls and bears; if broken, it may retest $140)
Pressure: $180 (historically tested multiple times without stabilizing)
Indicator Signal:
MACD: Golden cross still exists (white line 3.51 > yellow line 2.22), but the red bars are shortening, and the upward momentum is slowing
KDJ: Value 78 (neutral to overbought), beware of pullbacks
Volume: OBV (On-Balance Volume) has fallen for a month without breaking the downward trend line; volume needs to confirm the direction
Everyone stay alert:
July ETF approval results + $160 support level, one of these two must run!
