🚀 $SOL Recent favorable trends are accelerating, is it still a good time to enter the market?
Why do I continue to be optimistic about SOL!?
Because it is the first SOL ETF launched, with a staking annualized rate of 7.3%, and raised $20M on the first day; the SEC has requested several institutions to submit additional documents by the end of July, with a 90-95% chance of approving the SOL ETF by the end of the year.
What are the most intuitive factors for the rise:
The increasing market attention will attract a large amount of institutional funds. On the first day, capital inflow reached $12 million, with a trading volume of $33 million.
🔥 Trading suggestion: The current trend of SOL has broken through the 50-day and 200-day moving averages and completed a breakout of the head and shoulders bottom pattern, with a bullish outlook for the short to medium term! Enter in batches at the current price, I personally target $200!
I have already entered the market, aligning with mainstream institutions. Those who follow can pay attention to me!
