Meme coins, ETF hopes to send a salt to $ 500?

Solana gathered after Dla to $ 94.50 in April, because the demand for his token and Meme Coins jumped.

Solana (Salt) It has risen to $ 170 on Saturdays on Saturday and now floats at the highest level from 3. March this year.

The rally coincided with the liquid crypt and the Beck Stock Exchange. Bitcoin and most Altcoin jumped, bringing a market hat from all cryptocurries to over $ 3.2 trillion.

Most solic memes coins also jumped in the last few weeks, pushing your 6 billion dollar market hat today in April at $ 13 billion. Some of the best performers were Bonk (Stifle), Dogvifhat (Vif), Popcat (Popcat) and peanut squirrel.

This growth was also translated into the performance of its decentralized exchange. Volume processed protocols online, such as Raidium and Meteor, has increased to $ 20 billion and $ 78.93 billion in the last 30 days.

This is a great increase compared to Etherum protocols, which has been handling 13 billion dollars in this period and 51.5 billion in this period.

Solan price will also benefit from the upcoming approval of party funds traded with cryptocur. 7 companies such as Vaneck, 21Shares, Graiscale, and they registered for the spot Sol ETF. If it is SEC allows you to put on, JPMorgan estimates that these funds will attract over $ 6 billion during the first year.

Solan price analysis: Textbook sample indicates an increase of $ 500

The weekly graph shows that salt price formed a classic chart form known as a cup and handle. This form is characterized by horizontal resistance, rounded bottom and handling compartment.

The upper part of this form was $ 258, while the lower page is $ 8.05. It now forms a section of the handles of this sample.

The best way to approach the target goal using this sample is to measure the depth of the cup, which is 97% in this case. Then measures the same distance from the top of the cup, bringing the target to about $ 500.

The prognosis of the Bullish Solan price will become invalid if the coin falls below the key support to $ 94.50.