Solana Price Prediction: SOL Could Jump to $200 After This ‘Buy’ Signal

Solana (SOL) has gone up by 7% in the past 7 days after the approval of the first exchange-traded fund (ETF) linked to this token in the United States.

The REX-Osprey SOL + Staking ETF (SSK) is already nearing the $100 million mark in assets under management (AUM), which favors a bullish Solana price prediction.

The launch of this investment vehicle marks a pivotal moment for altcoins as it opens up the floodgates for institutional capital inflows to start pouring on the best and most promising blockchains.

Meanwhile, the world’s largest provider of technical indicators, LuxAlgo, recently shared an interesting chart that favors to an upcoming bullish breakout for SOL.

In a tweet shared just hours ago, they identified a symmetrical triangle that has already reached a tipping point. The price could breakout in any direction in theory but, since SOL is on an uptrend, maintaining the current trajectory is the most probable outcome.

Paired with rising interest for its meme coins, an expanding DeFi ecosystem, and the possibility that more ETFs for this token will soon be approved by the U.S. Securities and Exchange Commission (SEC), the future looks quite bright for SOL.

Solana Price Prediction: SOL Could Hit $185 After ‘Golden Cross’

Looking at the daily chart, SOL has broken above a descending price channel that has been forming for a while. This breakout came alongside a bullish crossover between the 9-day and 21-day exponential moving average (EMA).

However, the most powerful buy signal has not yet popped up. A powerful ‘golden cross’ would occur when the 9-day and 21-day EMA crossed above the 200-day EMA and it could set off an explosive move for SOL toward the $185 resistance.

The price could still retest the $140 level before its next leg up but that seems unlikely at this point, especially as all of these moving averages can act as support for any mild selling pressure.

The Relative Strength Index (RSI) also indicates that the latest uptrend has gained strength as it has moved above the 14-day moving average and departed off the mid-line.

Both LuxAlgo’s chart and this upcoming buy signal favor a bullish Solana price prediction for the next few days.

Meanwhile, a hot crypto presale called Bitcoin Hyper (HYPER) could also benefit Solana by bridging the Bitcoin network’s massive resources with one of the world’s most scalable smart contracts platforms.

Bitcoin Hyper (HYPER) Raises Nearly $3M to Unlock the Untapped Potential of BTCFi

Bitcoin Hyper (HYPER) is a side chain that allows BTC holders to stake, lend, and earn yield on their assets without leaving the Bitcoin network.

Users just have to send their BTC tokens to a canonical wallet address within the Bitcoin network and Bitcoin Hyper will automatically mint the corresponding amount on its Solana-powered L2 to provide access to its DeFi ecosystem.

The Hyper ecosystem will support a wallet, a decentralized exchange, a liquid staking protocol, meme coins, and much more.

Once this solution starts to be embraced by the Bitcoin community, the demand for $HYPER will skyrocket.

To buy this token at its discounted presale price to reap the highest returns, simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.

Alejandro Ar