Solana Rockets Up 23% As Developments Spark Investor Interest
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Solana has surged nearly 22% in the past month, defying the general market bearishness. Much of this interest is due to institutional traction, highlighted by Brazil's approval of the first Solana ETF in Latin America. This approval surpasses pending reviews in the US by the SEC and has positively influenced investor sentiment. Short-term, SOL is expected to stabilize between $131-$147, displaying a bullish pennant pattern indicating future upward movement. The broader market and institutional interest will be vital in determining the token's price trends. Long-term potential for SOL appears optimistic as it navigates current market volatility.
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