Starting Monday, trading officially opens for the new Solana Spot ETF, a major milestone for institutional access.
The price of $SOL has stabilized around $200, but I think the impact of both the ETF approval and Fidelity’s support hasn’t been fully priced in yet.
Of course, Bitcoin still drives most of the crypto market, but this fundamental shift could be the beginning of a decoupling between Solana and BTC behavior.
Technically: we need to reclaim this bullish trendline - for me, it’s the key to confirming the continuation of the bull structure.
Today started with a strong Bitcoin push above the bullish trendline making its first real attempt in days to reach $116K, with hopes to retest $114K and keep moving forward.
From a technical point of view:
- SMA50 has been retaken and needs to hold if we want to see a continuation toward $116K, $118K, and the psychological $120K level.
- SMA200 remains on our side, providing solid support for potential growth.
- RSI sits around 55, slightly below neutral, leaving room for upside momentum.
But here’s the interesting part
while watching the market, I noticed a macro indicator that could explain current moves:
Reverse Repo (RRP) usage dropped to just $10B — the lowest since 2021
That means liquidity is back in the system — less cash parked in the Fed, more moving across markets.
Combine that with a U.S. government shutdown, and we might see some volatility in risk assets like Bitcoin.
Maybe it’s not just technicals — maybe liquidity is quietly waking up
Day after the publication of the $FIGHT project results, we’re seeing a strong push! 🚀
$HOLO is getting a great response following yesterday’s news, if this trend continues, we could have a perfect setup: new week, new investors, and a potential new gem on the horizon 💎
Are you guys holders? Let’s check those wallets! 😆
Massive news for $SOL holders — Hong Kong has officially approved the first-ever Spot Solana ETF! 🇭🇰 Trading kicks off October 27, marking a historic milestone for both Solana and the broader crypto market.
💰 Why It Matters: This move opens the doors for institutional investors to gain regulated exposure to Solana — a game-changer for liquidity and long-term adoption. At present, SOL is consolidating near $184, showing steady strength after a solid run-up. The market’s clearly gearing up for something big. ⚙️
🌍 Hong Kong’s approval isn’t just regional — it’s a global signal of confidence in Solana’s tech and potential. This could be the moment where crypto meets traditional finance in a whole new way.
📈 As the ETF launches, all eyes are on how this fresh capital inflow could spark the next major Solana rally.
This isn’t hype — it’s history in motion. #Solana #ETF #CryptoNews #APRBinanceTGE #blockchain