$SOL Climbs Amid ETF Launch & Bullish Momentum​

Solana (SOL) has experienced a significant price increase, rising over 35% in the past ten days from a low of $95 to approximately $139. This surge is attributed to several key developments:​

Canadian Spot ETF Launch: Canada introduced the first Solana spot ETFs in North America, boosting institutional interest and investor confidence. ​

Technical Indicators: SOL has reclaimed key support levels, including the 200-EMA, and is forming a bullish inverse head and shoulders pattern, suggesting potential for further gains. ​

Increased Network Activity: A surge in Solana network inflows, totaling over $120 million in the past 30 days, indicates renewed confidence in the platform. ​

Currently, SOL is trading around $138.59, with an intraday high of $139.45.

As Solana continues to gain momentum, investors are closely watching for potential resistance levels and further developments that could influence its trajectory.​

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