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Solana (SOL) Flips BNB Chain with 17% Jump, as Trump’s Lead Rekindles Crypto ETF Hopes

  • Solana (SOL) has experienced a 17% jump, surpassing BNB Coin and becoming the fourth-largest crypto by market cap.
  • The victory of Donald Trump has sparked hopes for a potential arrival of a spot Solana ETF, with several digital asset managers, including Canary Capital, filing for SEC approval.
  • Technically, Solana's price shows bullish momentum with patterns like the inverse head and shoulders and a golden cross, indicating potential upward movement and a retest of the year-to-date high at $210.
  • Solana has attracted institutional interest and witnessed significant inflows from institutional investors, amounting to $5.7 million last week.

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