Solana Price Soars 40% This Week to $58 as Bitcoin ETF Euphoria Lifts Crypto Market
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Solana price has surged 40% this week to hit $58, its best weekly performance since January.
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FTX selling 250k-750k SOL tokens daily has not impacted price much, with selling expected to end in a week.
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Bitcoin ETF euphoria has boosted crypto prices overall, with Solana a top performer in past 30 days.
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Solana futures open interest reached $772 million, highest since November 2021, signaling greater liquidity.
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Technicals show bullish breakout from ascending triangle, with upside target around $90 but overbought RSI raises correction risk.