Solana is negotiated at $ 238.45, with a market value of $ 129.51 billion and a daily negotiation volume of $ 3.55 billion. Although the price of currencies was in a state of stability relative during the recent negotiation sessions, analysts say that any technical violation can determine the management of the following price, with expectations that the price can reach up to $ 310 in the medium term.
The Chicago Commercial Stock Exchange (CME) is developing in Solana and Ripple-XRP options
It should be noted that the Chicago Commercial Stock Exchange (CME) – The largest platform for trading derivatives in the world – will provide term contracts on Solana and Ripple Currency from October 13. This expansion has been the first time that the Chicago commercial scholarship has added options for alternative institutional demand from the Cognots market.
Since its launch earlier this year, the future of Solana and the Ripple play have experienced a remarkable dynamic. More than 540,000 contracts have lasted contracts in Solana with a theoretical value of $ 22.3 billion since March, while August has recorded record daily negotiation volumes of 9,000 contracts.
In addition, the term contracts on Ripple drew a lot of attention, as transactions worth $ 16.2 billion and $ 942 million in derivatives in August only. On this subject, Giovanni Vicioso, the world chief of digital currency products on the Chicago Stock Exchange (CME) said that this stage reflects “growth and great liquidity” in these markets.
Expectations for stock exchange funds (ETF) improve investor confidence
Solana can fulfill the qualification conditions for an immediate negotiation box on the Stock Exchange (ETF Spot) as part of the new registration framework issued by the American Securities and Exchange Committee (SEC). The rules stipulate that any alternative currency which has a term market is already on a trading platform subject to organizing for a period of at least 6 months to request its requests. Given that Solana’s term contracts are already broadcast on the Coinbase stock exchange and on the Chicago commercial scholarship (CME), the Solana currency is now on a site that qualifies it to obtain a possible approval for the Stock Exchange (ETF).
Analysts argue that access to an immediate negotiation fund on the stock market will open the door to a new institutional request, which restores what happened with the BTC ETF boxes which attracted billions of dollars in investments earlier in the year.
In addition, the institutional exhibition increases by the gray level launch of the Coinsk Crypto 5, which circulates on the Stock Exchange (Coindsk Crypto 5 ETF) on the New York Arca platform. The box includes Bitcoin, Ethereum, Ripple and Cardano-Ada, offering investors a diversified basket of major digital assets.
This offer highlights the growing market appetite to multiple aspects and subject to digital currency products, which pushes to increase investments in Solana’s room in the coming quarters.
Solana currency prices: artistic view
Technically, the expectations of Solana’s currency prices remain neutral, because the price is relatively regulated in an ascending channel, with the compression of the price between the average movement of Saki measurement in a 50 -hour range (50 EMA) at $ 239 and its counterpart in a period of 200 hours at $ 230. Although buyers continue to defend the highest stockings, sellers are still active near the resistance area near the resistance area between $ 248 between $ 248 and 253.
The relative power index (RSI) can be read at 45, indicating neutral impulse with a trend in the additional sales area. In addition, candle formations show a request at $ 236, where repeated lower shades indicate a strong interest on the part of buyers.
In addition, the level of $ 244 level can open the way for $ 248, then $ 253, with a potential additional extension at the upper canal limit nearly $ 259.
And if this momentum continues, analysts estimate that Solana’s price will test the level of $ 300 in the medium term, with access to $ 310 if the approval of the Bourse negotiated (ETF) funds has increased investments.
On the other hand, the break in the level of $ 231 and lower below can lead to the price management around $ 226 and perhaps $ 220, although wider institutional trends indicate that the decreases can be in the short term.
As for investors, this relative stability can be the basis of the significant increase in the price with the approach of 2026.
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The Solana-Sol post: Analysts aimed at technical penetration that can pay the price of the currency at $ 310 appeared first on Arab Cryptonews.
