Solana Price Edges Closer To Breakout As Brazil Approves Spot SOL ETF

Quick Summary:

Solana price relaunched its recovery bid following news of Brazil’s Securities and Exchange Commission (SEC) approving the first spot SOL ETFs in the country.

The ETF nod and an increase in open interest and trading volume add credence to SOL’s bullish outlook in August.

A buy signal from the Super Trend indicator strengthens the bullish thesis and may increase the probability of Solana climbing to $200.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: IndiaBrazilSwitzerland

Topics: Solana ETF SOL Price Analysis Solana Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 14:58:58 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21988141

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

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News Last Updated: 11 hours ago

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