Solana (SOL) price continues to be discussed amid ETF approval expectations. This article reviews the latest updates and technical aspects.
Solana ETF Updates
Several asset managers have submitted updated Solana ETF applications to the SEC. These applications address shortcomings identified in earlier reviews such as liquidity issues and market manipulation monitoring.
Regulatory Climate and Its Impact
The SEC has shown greater openness to non-Bitcoin and non-Ethereum ETFs following the approval of Ethereum-based ETFs. This creates optimistic expectations for Solana given its high trading volumes and growing institutional adoption.
SOL Price Technical Analysis
SOL is consolidating in the $160–$170 range following recent downturns. Resistance levels are at $175–$182, while support is found around $150–$155. Indicators suggest potential for upside if prices reclaim above $175.
The discussion around ETFs, corporate integrations, and the presence in the tokenized real asset market positions Solana favorably, though short-term volatility may remain a risk.
