Solana Surges with Strategic Moves and Strong Market Reactions

Key Points

1. Solana's price stabilized at $200, with market participants closely watching the Federal Reserve's pending interest rate decision.

2. The SEC approved a 'direct swap' model for cryptocurrency ETFs, sparking strong reactions in the Solana market.

3. Investors staked 4.1 million SOL in a single day, reducing supply on exchanges and increasing the total staked SOL from 397.8 million to 401.9 million.

4. Technical indicators suggest key resistance levels at $202.37, with potential for stable closures above $200 in August, possibly reaching $220.

5. The MACD indicator dropped below its signal line, favoring sellers, with a daily closing below $175 potentially leading to a support zone around $160.