What's up, pals! 🤙 Today we're going to talk about Solana (SOL), that crypto that has all of us wide-eyed. Although its price is hanging by a thread lately, at $153.36 and the crypto market sighing down 1% in the last 24 hours, not everything is lost, my people!
Let's see, SOL has risen 2.5% in a week, but in the last month, it has dropped 1%, and in a year... barely a 1% gain! 🤦♂️ Yes, I know, numbers that wouldn't excite even your grandmother! But here comes the good gossip, the bomb news that could change the course of this ship: SOL ETFs are on fire! 🔥
It turns out that the SEC (that entity that sometimes seems to have the handbrake on) has a bunch of SOL ETF applications from heavyweights like VanEck, Fidelity, Franklin Templeton, and the list goes on! And here comes the juicy part: James Seyffart, a Bloomberg analyst who knows a lot, says there's a 95% chance that these ETFs will be approved in 2025! Almost nothing! 🎉
Imagine this: if the SEC gives the green light to most of those ETFs, get ready because a lot of green cash and liquidity is going to flood into Solana, making its price skyrocket like a rocket! 🚀 It's like opening the floodgates of a money dam.
And even without the ETFs, Solana is already the darling of institutions. The CoinShares report says that digital funds have $1.3 billion in SOL under management! Do you know what that means? That after Bitcoin and Ethereum, SOL is the third most popular crypto among large investors! 🤯 That's no small feat, huh!
Now, if we look at the charts, SOL has been a bit 'oversold', like a fighter who is tired on the canvas. But watch out! Signs are showing that it's getting up. The moving average convergence and divergence of SOL (those colored lines that traders love) is starting to rise! And the RSI has also moved above 50, which means people are coming back to buy with enthusiasm! 📈
If the macroeconomic situation calms down a bit next week (we have an important deadline with some tariffs in the U.S.), then SOL could roar again! And in the long term, there are important updates coming (Firedancer and Alpenglow) that will make Solana even stronger. 💪
So, my friends, the prediction is that the price of Solana could reach $200 by the end of August and hold on tight! to $300 in the last month of the year. It's time to be alert and not miss this move! $SOL
