First-Ever Solana ETF Debuts: How It Impacts the Market
2025-07-01 11:23:06
Main Idea
The first U.S. Solana staking ETF has been launched, sparking market excitement and potential price movements for SOL, with analysts predicting high approval chances for a spot Solana ETF.
Key Points
1. The first U.S. Solana staking ETF, introduced by REX, allows investors to access SOL coins and staking rewards without direct ownership.
2. Solana's price surged to $159 ahead of the ETF launch but settled around $151, with trading volume spiking over 70% to $4.79 billion.
3. Bloomberg analysts suggest a 95% approval probability for a spot Solana ETF, which could further impact SOL's price.
4. Technical analysis indicates SOL's price could rise to $235 if it surpasses the $159 resistance level, with key hurdles at the 50-day SMA ($157) and 200-day SMA ($166).
5. The Awesome Oscillator (AO) shows diminishing selling pressure, hinting at potential bullish momentum, but a close below the 50-day SMA post-launch may introduce downside risk.
Description
The first U.S. Solana staking ETF by REX-Osprey launches soon, sparking market interest. Continue Reading: First-Ever Solana ETF Debuts: How It Impacts the Market The post First-Ever Solana ETF Debuts: How It Impacts the Market appeared first on COINTURK NEWS .
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