Solana (SOL) experienced a slow recovery over the weekend, with its price reaching $210, its highest level since February. The rise in SOL can be attributed to the rebound of its ecosystem tokens, including Fartcoin and Popcat. Other meme coins on the Solana platform also saw gains. Solana has been a successful crypto project this year, making over $282 million and ranking fourth in the industry. There are indications that the SEC may approve a spot SOL ETF, with a high probability of 85%. The SOL price is currently defending the 200-day Exponential Moving Average, with a drop below this level potentially leading to more downside. A break above the key resistance at $265 would validate a bullish breakout and support the forecast of SOL jumping to $520.



Other News from Today