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What’s Next for Solana Price?

  • Following the appointment of Paul Atkins, a known crypto-friendly figure, as the new SEC Chair, hopes of a Solana ETF approval have reignited.
  • Solana's daily chart is flashing bullish recovery signs, with the price surging over 6%, breaking above key moving averages.
  • The hourly chart confirms a breakout with Solana surging above multiple SMAs, indicating growing bullish momentum.
  • While there is no guarantee of approval, the market is hopeful that a Solana ETF might be considered due to its real-world usage and developer ecosystem.

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