CandleFocus SOL Hikes 3.5% After Grayscale Files For Spot Solana ETF
2024-12-03
Author: Content Editor
Grayscale Investment has filed for a Solana exchange-traded fund (ETF) with the New York Stock Exchange, leading to a surge in Solana's price by over 3.5%. Solana is currently trading at around $236.42 with a market cap of $112.34 billion. This move follows the recent approval of options trading on Bitcoin ETFs by the NYSE. Analysts believe that Solana's upward momentum is far from finished and predict that it could reach the $400-$600 range in its price discovery phase. Solana has also achieved notable milestones and is showing a Cup and Handle pattern that could result in a 100% rally to the $400 target.
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