Is Solana Set to Surge? ETF Hype and $200 Resistance Point to Major Moves

• Solana has shown resilience since bouncing off the Weekly 200MA/EMA, but recent slowdown limits its growth.
• The potential ETF approval has revived interest in Solana, driving attention and memes, but resistance remains.
• Solana faces a tough $200 resistance, and a breakout above this level could set the stage for new highs.

Solana (SOL) has been exhibiting a tremendous resilience since recovering off its Weekly 200MA/EMA in April. The cryptocurrency has experienced good growth since then, but it has been experiencing a slowdown over the past few weeks. The meme coin landscape has been unfavourable, and as such, it has caused it to halt its rally. Nonetheless, recent rumours of a possible ETF approval have brought attention to SOL once again.