#SOLUSDT ETF Approval Will Send The Price To New ATH
🔹Over the last week 
SOLUSDT price has increased by 20%, pushing the price above the 200 MA ($137.98). Surge in SOL's price is linked to excitement over potential spot Solana ETFs.
🔸VanEck and 21Shares submitted applications for spot Solana ETFs to the SEC. SEC has 240 days to decide on the spot Solana ETF applications.
🔹Analysis of DApps and on-chain activity supports SOL's price strength and potential for further increases. If so, the bulls can push the price above the 50 MA ($151.30). After establishing the 50 MA as an support buyers next target could be $173.25, $200.00 and $215.00.
🔸Conversely if the price fell below the current support, the 200 MA ($137.98), and the support at $120.00 - $116.00 which are really important. Sellers can get the upper hand in this scenario and will be able to push the price down to $100, $94, $85 and $80.
SOLUSDT price has increased by 20%, pushing the price above the 200 MA ($137.98). Surge in SOL's price is linked to excitement over potential spot Solana ETFs.🔸VanEck and 21Shares submitted applications for spot Solana ETFs to the SEC. SEC has 240 days to decide on the spot Solana ETF applications.
🔹Analysis of DApps and on-chain activity supports SOL's price strength and potential for further increases. If so, the bulls can push the price above the 50 MA ($151.30). After establishing the 50 MA as an support buyers next target could be $173.25, $200.00 and $215.00.
🔸Conversely if the price fell below the current support, the 200 MA ($137.98), and the support at $120.00 - $116.00 which are really important. Sellers can get the upper hand in this scenario and will be able to push the price down to $100, $94, $85 and $80.
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