📰 The price of $SOL is currently trading around $181, breaking through a crucial resistance zone at $180. Meanwhile, the race to launch ETFs based on #solana is heating up, as BlackRock entered the competition later compared to VanEck and Grayscale, prompting comments from analysts who called it "embarrassing" but confirmed that the presence of such a large player increases Solana's legitimacy in the eyes of institutional investors.
🔍 Institutional news boosts market confidence and adds upward momentum, especially with the price maintaining above the 20-day average (EMA) at ~$178. If the price manages to close above $185, we may see a surge towards $200–$220 during August. Conversely, breaking $178 could lead to a correction towards $171.
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✅ Increasing institutional support with BlackRock entering the ETF race.
Technical strength above EMA20 with clear upward potential.
⚠️ Strong competition in the ETF market may slow down the pace of execution.
Fierce resistance near $185–$190 requires significant liquidity to break through
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💬 Discussion question:
Do you expect ETF news to push $SOL to break $200 soon, or will we see a correction first?
