Solana Price Hits $154 As Brazil SEC Approves Spot Solana ETF And Traders Rush To Buy This SHIB 2.0 For 100X Gains
The Solana price rose 2% in the last 24 hours to trade at $154.29 as of 03:51 a.m. EST on trading volume that dropped 5% to $5.4 billion. This comes after Brazil’s securities regulator approved its first Solana ETF (exchange-traded fund) and now awaits the approval of the local stock exchange B3. The new SOL ETF will reference the CME CF Solana dollar, developed by the Chicago Mercantile Exchange (CME) and Crypto Facilities (CF) to provide a uniform price quote for Solana. Solana Price To Continue With the Bullish Trend Reversal The Solana price, after soaring in July, took a tumble in August, dropping from the $193 resistance, within the falling channel pattern, according to data from GeckoTerminal . Following the market clash on Monday, the price of Solana dropped below the lower boundary of the channel to the $113 support zone. The bulls then used this support as a cushion against downward pressure to rise over the upper boundary of the channel. SOL price is now on a bul...