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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Solana has surged to a seven-month high of $241.84, approaching a critical resistance level that could trigger a price discovery phase. While some analysts predict potential targets of $600 or even $1,314, others warn the rally may be nearing its end. The momentum is fueled by anticipation of spot Solana ETF approvals and significant corporate treasury purchases.
- Solana broke out of a $120-$220 consolidation range, reaching a seven-month high of $241.84 and approaching the critical $250 resistance level
- Multiple spot Solana ETFs await SEC approval in October, while Forward Industries secured $1.65 billion to purchase and stake SOL
- Analysts are divided: some see potential targets of $600-$1,314, while others warn the rally may be in its late stages
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