{"id":546021,"date":"2024-07-09T13:52:12","date_gmt":"2024-07-09T13:52:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=546021"},"modified":"2024-07-09T13:52:12","modified_gmt":"2024-07-09T13:52:12","slug":"solana-price-prediction-sol-soars-7-after-new-sol-etf-filings-as-traders-rush-to-buy-this-first-gamblefi-crypto-on-solana","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-soars-7-after-new-sol-etf-filings-as-traders-rush-to-buy-this-first-gamblefi-crypto-on-solana","title":{"rendered":"Solana Price Prediction: SOL Soars 7% After New SOL ETF Filings As Traders Rush To Buy This First GambleFi Crypto On Solana"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Solana price has surged 7% in the last&nbsp; 24 hours <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\"><span style=\"font-weight: 400;\">to trade at $142<\/span><\/a><span style=\"font-weight: 400;\"> as of 3:30 a.m. EST on a 57% pump in trading volume to $4.03 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This surge followed Cboe Global Markets&rsquo; July 8 request to the US Securities and Exchange Commission to list spot Solana ETFs.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;JUST IN: <a href=\"https:\/\/twitter.com\/vaneck_us?ref_src=twsrc%5Etfw\">@vaneck_us<\/a> files for Solana spot ETF with <a href=\"https:\/\/twitter.com\/CBOE?ref_src=twsrc%5Etfw\">@CBOE<\/a> exchange. <a href=\"https:\/\/t.co\/JgLbvHapbm\">pic.twitter.com\/JgLbvHapbm<\/a><\/p>\n<p>&mdash; SolanaFloor (@SolanaFloor) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/1810413782562418873?ref_src=twsrc%5Etfw\">July 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">In line with the trend seen with spot Ethereum ETFs, Cboe submitted the 19b-4 filings for the spot Solana ETF on behalf of 21Shares and VanEck. These are the first proposed Solana ETF products seeking market approval.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last month, both 21Shares and VanEck applied with the SEC to launch these new products. For trading to begin, the US SEC must approve both the S-1 and 19b-4 filings.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Solana Price Forms Strong Bulish Support<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Solana price has seen a steep drop, underscoring its strong bearish momentum. Initially, it fell to a critical support level of around $157 but then broke below that, dropping further to $138. This hit the lower boundary of the consolidation zone and formed a triple bottom pattern, which traders often view as a bullish reversal signal.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-546024 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/SOLUSDT_2024-07-09_10-59-18.png\" alt=\"Solana Price\" width=\"980\" height=\"545\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/SOLUSDT_2024-07-09_10-59-18.png 980w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/SOLUSDT_2024-07-09_10-59-18-300x167.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/SOLUSDT_2024-07-09_10-59-18-768x427.png 768w\" sizes=\"(max-width: 980px) 100vw, 980px\"><\/p>\n<p><span style=\"font-weight: 400;\">SOLUSDT Analysis (Source: Tradingview)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solana&rsquo;s price is currently lingering around the 50-day Simple Moving Average (SMA), indicating indecision between the bulls and bears. If market sentiment turns bullish in response to the double-bottom pattern, bulls might drive the price back above both SMAs, potentially sparking a strong rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) shows a rebound around 42, just below the neutral 50 level, suggesting that selling pressure might be easing. If bullish momentum builds, the RSI could rise and possibly enter the overbought territory above 70, signaling increased buying interest and supporting a bullish outlook for Solana.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Moving Average Convergence Divergence (MACD) indicates a bearish trend. The blue average line recently crossed below the orange signal line near the neutral level, indicating bearish momentum. Additionally, the histogram bars reflect negative price movement, reinforcing the bearish outlook.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Solana Price Prediction: Can The Bulls Initiate a Rally?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The bullish technicals support the Solana price, which is poised for a bull rally ahead. The push above the 50 SMA could initiate the rally as the bulls aim to reclaim the previous high at $205.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the bears take advantage of the 50 SMA, they could push the price down, forcing the bulls to retreat to $135 support zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solana seems poised for a comeback, as market dynamics could shift if it breaks through crucial resistance levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Solana&rsquo;s impressive transaction speeds and low costs, this ETF could facilitate significant investments, making it easier for traditional investors to access Solana. Positioned as a competitor to Ethereum, Solana aims to offer a smart contract platform with significantly faster transaction speeds and lower fees.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Mega Dice GameFi Crypto Surpasses $1.6 Million in Presale<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As the Solana price bulls wait for better buying opportunities, gaming enthusiasts are flocking to the <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/mega-dice-presale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Mega Dice (DICE)<\/span><\/a><span style=\"font-weight: 400;\"> presale, a project poised to be the first GambleFi project on the Solana blockchain. It&rsquo;s already<\/span><span style=\"font-weight: 400;\">&nbsp;raised more than<\/span><span style=\"font-weight: 400;\">&nbsp;$1.6 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform with over 11,000 users who place over $50 million in monthly wagers.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/DICE?src=hash&amp;ref_src=twsrc%5Etfw\">#DICE<\/a> presale has raised $1.6 MILLION! &#128640;&#128640;<\/p>\n<p>This milestone brings us closer to revolutionizing GameFi. Remember &#128071;<\/p>\n<p>Current tier price: $0.090<br>Current presale target: $2M<\/p>\n<p>We're implementing multiple tiered price increases, so make sure to secure your <a href=\"https:\/\/twitter.com\/search?q=%24DICE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DICE<\/a> early &ndash; we've now&hellip; <a href=\"https:\/\/t.co\/7n6H0TaK37\">pic.twitter.com\/7n6H0TaK37<\/a><\/p>\n<p>&mdash; Mega Dice Casino (@megadice) <a href=\"https:\/\/twitter.com\/megadice\/status\/1810314456351580366?ref_src=twsrc%5Etfw\">July 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The platform also features over 4,000 casino games and offers over 50 sports and eSports betting options. The team behind Mega Dice aims to emulate and even surpass the success of industry leader Rollbit Coin (RLB).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mega Dice also offers a unique staking feature that allows holders to share in the casino&rsquo;s profits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">99Bitcoins, a popular crypto channel on YouTube with over 700,000 subscribers, predicts that $DICE could soar 100x after its launch.<\/span><\/p>\n<p><iframe title=\"IS MEGADICE THE NEXT 100X CRYPTO PRESALE GEM?! GAMING + CRYPTO\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/bxVYKtZ-vdw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To join the presale, you can buy $DICE on the official website for $0.09093 per token. But this price will increase in less six than six days, so if you are interested, don&rsquo;t wait too long to buy.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/mega-dice-presale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy DICE using BNB, ETH, or SOL<\/span><\/a><span style=\"font-weight: 400;\">. You can also earn 10% on any purchases made by investors you refer.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related Articles<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e\"><span style=\"font-weight: 400;\">Upcoming Crypto Presales: Unlock Early Investment Opportunities!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bonk-price-prediction-bonk-tops-gainers-with-24-leap-but-experts-say-this-ai-meme-coin-rival-might-10x\"><span style=\"font-weight: 400;\">Bonk Price Prediction: BONK Tops Gainers With 24% Leap, But Experts Say This AI Meme Coin Rival Might 10X<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepe-price-prediction-pepe-surges-15-but-analysts-say-this-layer-2-pepe-derivative-might-be-the-best-meme-coin-to-buy-now\"><span style=\"font-weight: 400;\">Pepe Price Prediction: PEPE Surges 15%, But Analysts Say This Layer-2 PEPE Derivative Might Be The Best Meme Coin To Buy Now<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Mega Dice - 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