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Why Solana Price Is Surging? Analysts Eye SOL ETF Catalyst

  • Solana price sees a steady rise, currently trading near $166 with increasing market interest after a dip to $136 in June.
  • ETF experts predict a 90% chance of a Solana spot ETF approval in the U.S., following the approval of Solana futures ETFs and Canada's launch of spot SOL ETFs.
  • Top chart analyst Ali Martinez suggests that a breakout above $170 could lead Solana to $2,000, pointing to a cup-and-handle pattern on the weekly chart.
  • The launch of the REX-Osprey Solana and Staking ETF boosts investor confidence in Solana as it offers exposure to SOL and staking rewards, attracting millions in trading volume.

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