The SOL price faces resistance in the current session despite a buzz generated by the news of a probable Solana ETF approval. SOL price drops and trades at $139 on Thursday, correcting from $139 and marking a 0.36% decline in the last 24 hours. The daily trade volume dropped by 2.46% to hit $3.04 billion. A decline in both price and volume signals an impending trend reversal in the token, likely a loss of interest from market participants amidst recent developments and macroeconomic factors. The Solana ETF buzz is also fading in the current session as investors flock to a new AI-driven platform with a larger upside potential and smaller investment cost. Experts claim it can become the next Solana on the bull market soon! SOL Price Analysis: Solana ETF Buzz Fails To Hold Bulls SOL price has been on a steady upward trajectory since Friday, crossing the 20-day SMA and reaching a high of $147. This uptrend was due to news about the approval of the Solana ETFs. However, it lost momentum as it neared the $150 mark, indicating sellers are active at upper levels, and the Solana ETF buzz faded. SOL price started the previous week on a bullish note but was back in the red on Tuesday, dropping to $125. However, sentiment changed on Wednesday as markets rallied. As a result, SOL price rallied over 8% and settled at $135. SOL lost momentum on Thursday, allowing sellers to take over. As a result, the SOL price plunged nearly 6% and settled at $127. Solana ETF and futures did not have any major impact on the Solana price actions. Price action remained muted on Friday and Saturday as SOL price registered marginal increases and settled at $128. Solana ETF news continued to push the token higher on Sunday, rising 3.44% to move past the 20-day SMA and settle at $132. Bullish sentiment intensified on Monday as SOL price rallied over 6% to cross $140 and settle at $141. Buyers retained control on Tuesday, allowing SOL price to register an increase of 1.94% and settle at $143. However, selling pressure returned on Wednesday, and the SOL price fell over 4%, slipping below $140 and settling at $137. The current session sees SOL price marginally up as buyers and sellers struggle to establish control and the Solana ETF buzz fades again. IntelMarkets Presale Crosses $12M: Is this Just the Beginning? IntelMarkets (INTL) is a new AI contender landing explosive gains amid the broader market correction. In a nutshell, IntelMarkets is an AI-powered trading hub that runs on a proprietary AI blockchain. The platform decentralizes access to trading intelligence with advanced insights and products, allowing retail traders to compete against institutional investors. IntelMarkets’ users get an edge over the constantly changing market with the platform’s AI-powered trading tools, multi-channel analysis, lightning-fast execution speeds, and trading bots trained on over 100,000 data points. Investors Ditch Crypto Giants For This $0.09 AI Coin As IntelMarkets (INTL) stuns experts with explosive gains and $12.1 million raised in its presale frenzy, Solana holders are reportedly flocking to this AI contender to claim high-profit opportunities. The platform’s upcoming blockchain upgrades and technological advancements also position it to dominate the memecoin sector in the coming months. While the Solana price could see new avenues soon, IntelMarkets remains a strong ICO, attracting savvy investors. In general, with IntelMarkets, it’s not just about making a few extra bucks; it’s about seeing beyond the analysis charts, tracking wallet flows, institutional moves, and smart money strategies in real-time. The platform’s AI-driven entity analytics give traders a head start in the market. Discover more about IntelMarkets: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
