Solanasol Currently, they are in the bearish stage, exceeding 18% in the last 30 days. However, potential NASDAQ lists can rekindle the momentum behind your assets. In fact, submissions by the Canadian company Sol Sol Strategies to the SEC suggest a move to list Nasdaq’s Sol. The list certainly attracts investors and will likely bring Sol back to $160.
Current price data reveals a liquidation heat map showing dense liquidity clusters around $160. The cluster suggests the possibility of moving prices towards that price if Sol starts to start backups. This can occur if the Solana Cryptocurrency is actually located in a Nasdaq composite. Sol Strategies, a Canadian stock exchange listed company, filed with the US SEC to be listed on Nasdaq. The company aims to trade under the ticker name Stke.
Additionally, if the SEC approves a 40-F filing, the company’s Solana (SOL) exposure could increase. The underlying assets can see price increases as things move along with plans. Solana (Sol) also has several spot ETF applications currently awaiting approval in the SEC. According to Bloomberg ETF analyst James Seyfert, there is a 90% chance that the SEC will approve the SPOT Sol ETF this year.
The timing of this filing coincides with increasingly bullish on-chain signals, such as the coin liquidation heat map, indicating that the densely liquid clusters are at the $160 level. These maps highlight areas of high fluidity. Often there are bright zones that are color coded to indicate intensity and represent greater liquidation possibilities. Typically these price ranges are price action magnets as the market triggers liquidation towards these areas and opens fresh positions.
Furthermore, SOL’s open interest (OI) has increased by 3%. The rising OI suggests that more capital is flowing into the coin derivatives market. Sol is currently struggling to break the $150 mark. Although DIP is currently a concern, Solana (Sol) has proven to be a highly resilient cryptocurrency over the past few years. The asset prices were below $9 after the collapse of FTX in 2022. Assets could recover from their current predicament to $160 if market sentiment recovers.
