The SEC's delay in approving the Franklin Templeton ETF for Solana has impacted market sentiment. Meanwhile, the Remittix project is gaining attention.
ETF Delay and Its Impact on Solana
The delay from the SEC has left SOL without gains, leading to a nearly eight percent drop in the last seven days. SOL is trading around $143.56.
Technical Analysis and Price Predictions
According to the analysis, if SOL falls below $140, this could lead to further deterioration, with potential targets around $123 and $110. The number of queries for Solana price predictions has shifted to the negative side.
Capital Moves: Remittix Success
There is growing interest in Remittix among investors, as the project has raised $15.7 million, nearing its goal of $18 million. Their crypto-to-fiat exchange service is set to launch in early July.
The delay in ETF approval for Solana is causing concern among traders, while new projects like Remittix may benefit from this uncertain market.
