Light Sales Edition Altcoin Solana‘s (left) lock at risk $ 140 support. According to analysts, the price of the Left Coin falls below this support in the market where the liquidation of 131 million dollars in the last 24 hours can fall to $ 100. On the other hand, the expectations of “Altcoin ETF”, which can start next month, are seen as a light of hope for solana.
140 dollars support for left coin and expectation of $ 100
Solana entered a trend of decline in parallel with the sales pressure throughout the crypto money market. On June 11, after the local summit at the $ 168, the left, who lost value for four consecutive days, tested the $ 140 support of vital importance on June 13th. This level is important because Left coin The price of the other major Altcoins on Friday where the heavy blow and the total liquidations exceeded $ 1 billion in the wave of sales had fully reacted by receiving reaction.
Crypto currency analyst Ali Martinez He stressed the importance of $ 140 in a tweet. Martinez warned, “If solana loses $ 140 support, it can open a deeper correction towards $ 100,” Martinez warned. While the news was prepared, the left was traded around $ 146 with a small rise of 0.39 percent after the daily bottom level in 144 dollars. However, if the sales pressure persists, the support of the $ 140 indicated by the analyst will be the focus of all attention. The loss of this level will bring the risk of decreasing to $ 100 with 30 percent depreciation of the SOL.
On the contrary, if the current recovery gains acceleration, the rise supporters will try to increase the price of the SOL to above the 50 -day -day moving average ($ 160) and then over 200 -day moving average ($ 174).
ETF optimism and fading
Despite the short -term pressure on the market, a significant development in the medium term keeps hopes alive. Analysts, US Securities and Stock Exchange CommissionIt predicts that in the coming month, the Stock Exchange Investment Funds (ETF) following certain crypto currency indices in the coming month predicts that it can initiate a “Altcoin ETF literature”.
Bloomberg’s senior ETF analyst Eric BalchunasSocial Media Platform X via X via X James Seyffartshared a note. Seyffart said, “The ETFs following crypto currency indices can be approved by SEC next month”. The note also included the prediction that SEC could make decisions on ETF applications, especially on solelana and stinging (asset locking).
Balchunas, “Solana’nın probably pioneered for a potential altcoin ETF summer,” he expressed his expectation using the phrase. These potential approvals are seen as a very positive catalyst, especially for Solana.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
