Solana Price Prediction As Canary Capital Files For Solana ETF And Experts Predict 100X Returns For This New V2E Meme Coin
The Solana price tumbled 2% in the last 24 hours to trade at $174.35 as of 04:21 a.m. EST on trading volume that slumped 20% to $2.65 billion.
This comes as Canary Capital filed to launch a spot Solana ETF (exchange-traded fund), joining other hopefuls such as VanEck and 21Shares.
Solana Price Could Continue Soaring
The Solana price has been on a sustained bullish trend within a rising channel pattern as the bulls capitalized on the $136 support level, according to data from GeckoTerminal .
The sustained positive trajectory has resulted in the price of Solana trading above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation of the continued upward trend.
Meanwhile, the Relative Strength Index (RSI) is trading within the neutral zone, currently at 46, which shows that the price still has space to soar even higher.
In a bullish scenario, if the bulls sustain the current momentum, the price of Solana could soar even higher, currently targeting $200.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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