Solana ETF Approved in Brazil: SOL Price Hit New ATH Against Ethereum

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The post Solana ETF Approved in Brazil: SOL Price Hit New ATH Against Ethereum appeared first on Coinpedia Fintech News
Amid the ongoing crypto rebound in the past 24 hours fueled by the final ruling of the SEC vs Ripple lawsuit, Solana’s (SOL) price rallied nearly 7 percent to trade at about $155 on Thursday during the early Asian session.
The large-cap altcoin, with a fully diluted valuation of about $90 billion and a daily average traded volume of around $6.9 billion, has significantly rebounded from the recent crypto crash.
Currently, the Solana price has been attempting to regain the 50—and 200-day Moving Averages (MAs) as a crucial support level to guarantee further bullish momentum. Furthermore, the altcoin has established a solid support level of around $120, which held even after the recent crypto crash.
Solana Network Receives Major Boost in Brazil
The Solana network has continued to attract more retail and institutional investors around the world, thus re-

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