Solana ETF
Solana’s price is currently at $198.19 following the SEC’s decision to delay its ETF ruling until October 16, which has introduced market uncertainty. The delay comes despite a recent technical breakout that had lifted Solana from a year-long downtrend. Traders are closely monitoring the $195 support level, which has become critical in the wake of this news. The selloff of 2.7% reflects the market’s reaction to the SEC’s postponement, indicating investor concerns about the future of the ETF. Analysts suggest that the upcoming decision date may influence Solana’s price movement in the short term.
