"Solana" (#SolanaETF ) after being listed on the active deposit and settlement company list. This classification reflects progress, although it does not confirm regulatory approval. According to Bloomberg analyst James Seifart, a decision may be issued within weeks or by October. Despite the anticipation surrounding the listing of the VanEck exchange-traded fund "Solana", the fund has been unable to retest the $200 level. Traders expected upward momentum following its listing on the DT,CC exchange, yet Solana's price still faces resistance. As market interest shifts, new low-cost alternatives are attracting investor attention. In this climate, the "Little Baby" (LILPEPE) token has emerged as a major competitor.
Solana is still under pressure: Here’s what the technical analyses suggest
The U.S. Securities and Exchange Commission ($SOL ) is still involved in the process, conducting ongoing assessments. Poly Market data has maintained its optimism, with 92% of its shares listed by December 31 of this year. Despite the continued positivity towards the exchange-traded fund (#ETF ), Solana's stock ($SOL ) has faced pressure for not surpassing the $200 price. According to a technical analysis from Tra,ding,,View, Solana's stock (SOL) is trading at $134.53, showing signs of a potential trend reversal. The Relative Strength Index (RSI) is 35.11, nearing the oversold area, while the MACD indicates -1.77 with a signal line at -4.60, suggesting a potential bullish crossover.
The #SOL stock is currently trading within a descending wedge pattern, which often indicates a breakout. The stock maintains a key support level at $126.23, while resistance accumulates at $142.74. If buyers enter strongly, we may see a move towards the $142-$145 range, and if this range breaks, there could be a trend towards $160. However, if SOL drops below the support level, it would open the door for a potential decline towards $115. Currently, indicators lean slightly upwards, but any real increase depends on increasing momentum.
Little $PEPE launched the second layer of a utility-focused token model.
Little Baby (#LILPEPE ) is launching a second-layer blockchain prioritizing speed, lower fees, and strong security infrastructure. This network supports Ethereum Virtual Machine (EVM) compatibility, enabling it to work alongside existing decentralized applications. LILPEPE serves as the utility token within this ecosystem, powering transactions across the Pepe Unch,,ained network. The presale for the LILPEPE token began on June 10, priced at $0.0012 in the third stage. The price for the next stage will rise to $0.0013. So far, over 1.7 billion tokens have been sold out of a total of 2.25 billion available. $1.9 million has been raised towards a goal of $2.525 million.
