How high can SOL’s price go as the first Solana ETF goes live?

💡 DMK Insight

SOL’s recent price of $199.54 is stirring up excitement, but here’s the catch: hype can be misleading. While the prospect of a Solana ETF could indeed attract institutional interest, traders should be cautious. The $400 target seems ambitious without solid fundamentals backing it. Look at previous ETF launches in crypto; they often lead to initial price spikes followed by corrections. If SOL can hold above the $200 mark, it might build momentum, but a failure to sustain could trigger profit-taking. Keep an eye on trading volume and sentiment—if it drops significantly, that could signal a reversal. Also, watch for broader market trends; if Bitcoin or Ethereum falter, SOL might follow suit despite its own bullish narrative. The real story here is whether SOL can break through resistance levels and maintain upward momentum, so set alerts around key price points and be ready to act based on market reactions.