Solana Price Prediction As Franklin Templeton Registers Solana Trust In Delaware And This SOL-Focused Layer-2 Crypto ICO Heads For $20 Million
The Solana price dipped over 2% in the last 24 hours to trade at $196.35 as of 9:54 p.m. EST as investors decrease their exposure to the altcoin. The drop in the SOL price comes even after asset manager Franklin Templeton registered a trust in Delaware tied to a proposed spot Solana ETF (exchange-traded fund). This indicates that it may soon look to launch the fund in the US. Solana Price Resting On Support Daily chart for SOL/USD (Source: GeckoTerminal) The Solana price is resting on the support at $195.19, GeckoTerminal data shows. Should the altcoin drop below this technical safety net within the next 8 hours, it could stand the risk of plunging to the subsequent support at $161.77. On the other hand, traders identifying SOL’s current price as a buy opportunity could lead to a rebound. In this alternative case, the Solana price might try to flip the resistance level at $221.69 into support. A 4-hour candle close above this barrier could then lead to a climb to as high a...