🔥 Solana Soars — Is the Tokenization + ETF Combo the Ultima
TECNOMERCADO
Updated at: 3 hours ago
{"content":"🔥 Solana Soars — Is the Tokenization + ETF Combo the Ultimate Catalyst?
Solana (SOL) has risen 12% in 24 hours, temporarily reaching $200, on a surge of institutional acceptance and tokenization milestones.
DeFi Development Corp. (DDC) leads with over 1.3 million SOL valued almost $250 million and $63,000 daily in staking incentives.
Solana has a staking edge over Bitcoin because to its 10% AOY and validator activities.
Cantor Fitzgerald's $122.5 million convertible debt issue helped DDC add 4,500 SOL to its reserves in August. Since June, SOL Per Share has increased 47%, indicating significant operational development, according to CEO Joseph Onorati.
CMB International, one of Asia's top asset managers, tokenized its Hong Kong–Singapore Mutual Recognition Fund on Solana via DigiFT and OnChain, boosting optimism.
Solana ETF Approval Countdown Gains Regulatory Support
In two months, Solana ETFs may be approved, a huge trigger. NovaDius Wealth Management President Nate Geraci told CNBC that the SEC is reviewing over 75 crypto ETF applications, including Solana, XRP, and Cardano, which have simplified clearance.
Inflows into crypto ETFs this year total $26 billion, indicating investor confidence. If legalized, a Solana ETF may attract conventional financial capital, propelling the rise to $250 and beyond.
Technically, SOL has broken over $185, $190, and $195 resistance levels, with $202–$205 being the next major barriers. A prolonged close over $205 might lead to $220, while breaching $222 could lead to $244–$250.
The MACD is bullish, the RSI is rising without being overbought, and the Chaikin Money Flow is positive, signaling significant purchasing pressure. Support is $194 and $186, and a breach below $175 invalidates the bullish setup.
Solana may be prepared for a huge rise because to institutional inflows, real-world asset tokenization, and an ETF decision.
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