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$SOL Expectations on the Sideways are Strong. Analysts believe that the ETF approval is near and it seems that the SEC has accelerated the standard change process. A possible approval expected in October could have a significant impact on the SOL price. For now, the price hasn't fully reflected this development, but the upward trend is being maintained. $SOL, which received support at $195, could aim for $250 first and then $295 if it breaks the $220 resistance. In the bigger picture, the band of 350–420 might come into play. However, if the trend line breaks down, the situation changes and there is a possibility for the price to drop to $170. In summary: As long as we remain above the trend, there is upward potential, but if a breakdown occurs, there is a risk of a sharp plummet.

SOL0.58%
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