# Performance of SOL-USDT in the Short Term

## Current Trend

- SOL is experiencing sideways movement within the range of 203 to 210 dollars

- The current price is around 206.91 USDT after a slight decrease from the level of 208.88

- This pattern indicates that the market is anticipating a potential event that could significantly move the price

## Influencing Factors

- There is growing optimism regarding the possibility of SEC approval for an investment fund (ETF) related to SOL in early October

- An additional 250 million USDC has recently been issued on the Solana network, boosting network usage and confirming ecosystem growth

- Trading volume remains high, indicating continued liquidity and activity in the market

## Near-Term Expectations

- If the price manages to stay above the level of 205.00, it may target a resistance level at 210.00 then 215.00

- Breaking below the level of 205.00 could lead to a downward correction towards 200.00

- The overall momentum remains positive with the possibility of continued upward movement if positive news regarding the ETF is confirmed

The above information has been researched and summarized by artificial intelligence,