SOLUSDT: Just a Bit Closer to New High!
2024-11-19

BINANCE:SOLUSDT  is rising and testing the resistance level of 248.47, but it is worth noting that the coin shows no signs of slowing down, with the aim of reaching ATH or even updating it.

The fundamental backdrop of the coin is being reinforced with news of a possible launch of a Solana-based exchange-traded fund (ETF), which is expected to be discussed in 2025. So far, the only two approved ETFs are for Bitcoin and Ethereum.

Technically, buyers are trying to control the 243 - 244 area. If buyers stay above this area, there is every chance of forming a new all-time high
The trigger zone will be 245, a breakout and consolidation will stimulate growth. However, I do not rule out the possibility that the price will correct to consolidate before strengthening further. But! In any case, buyers still have the upper hand in the medium term.