Is SOL’s Big Break Just Ahead?

Solana, the sixth largest encrypted currency according to the market value, is witnessing a cooling trend in the scales associated with the size of the series, and the data analysis company was observed on the series.

In a modern analysis, Cryptoquant highlights its observation with bubble charts, which reflects the total trading volume on all stock exchanges. The size of each bubble shows the size of the size, while the color highlights the severity of the change.

The Solana Spot Volble bubble map showed green, indicating cooling with lower sound level. The map of the bubble the size of the future or neutral contracts is depicted, indicating a little change.

While the low trade activity at first glance, it may seem a sign of dull momentum. However, Cryptoquant indicated that this slowdown may be an opportunity in the early stage, especially if it coincides with an imminent catalyst.

One of these stimuli is the potential approval of Solana Spot ETF, which was recently hurt by Bloomberg Erik’s analyst Balunas.

Solana Etf prediction amazes the encryption market

Eric Balunas, Bloomberg analyst ETF, with the upcoming ALTCOIN ETF summer, has predicted that Solana is the first to obtain approval for the traded investment funds. According to Bloomberg Intelligence data, the probability of approval of Solana ETF is 90 %.

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“Get ready for the potential summer of Alt Etf with Solana (in addition to some basketball products) via Jseyff Note this morning, which includes new possibilities for all investment funds circulated in the period,” Balunas wrote in a recent tweet.

According to Cryptoquant, cooling may not be on both spots and futures markets; It can simply be calm before the next Solana Summer Storm.

At the time of the press, Seoul has increased by 4.74 % in the past 24 hours to $ 166, ready for the sixth day of gains since June 5. The daily SMA height exceeded 50 at $ 161 after Solana fell under it in mid -April. A decisive break over Daily SMA 200 at $ 175 may start in a new up -to -bi -up direction for $ 200.