With the talks circulating about the potential Solana ETF approval, most SOL holders are rejoining the platform to increase their assets. On the flip side, Unilabs (UNIL) is shifting investors’ focus from SOL to its fast-selling presale rush. So far, Unilabs has raised over $30.6 million in AUM, with speculations about stronger rallies entering the platform.
Solana ETF Approval In Full Swing? Investors Turn Bullish
Solana (SOL) rallied after bottoming at $94.50 in April as demand for SOL and memecoins jumped. SOL rose to $170 at last check on Saturday after news about Solana ETF approval made headlines. The SOL price rally has coincided with the ongoing crypto and stock market bull run. BTC and other altcoins have jumped, bringing the total market cap to over $3.2 trillion.
Most SOL memecoins have also jumped in the past few weeks, pushing their market cap from $6 billion in April to $13 billion today. This growth has also been translated to the performance of its DEXs. The volume processed by protocols in the network rose to $20 billion in the last seven days and $78.93 billion in the last 30 days.
Unilabs’ Asset Management Platform Crosses $30.6 Million AUM
Unilabs (UNIL) is becoming the talk of the town after its skyrocketing asset management platform crossed over $30.6 million in assets under management (AUM) and is performing fairly well for a fresh presale, securing $600,000 in a week of going live. Amid the rising hype about Unilabs in the market, SOL whales are showing interest in this $0.005 utility coin.
While institutional investors and retail traders are renowned for their distinctive characteristics, Unilabs caters to both ends of the spectrum by offering high-growth opportunities with its AI-powered platform. Its investment protocol helps traders maximize their passive income by hunting down the latest DeFi, Web3, and blockchain solutions with mind-blowing fundamentals.
Solana Price Analysis: Technical Formation Points To A $500 Rally
Analysts say SOL could benefit from the upcoming approval of the Solana ETF, as the shifting market trend could drive gains for the altcoin. Seven firms like VanEck, 21Shares, Grayscale, and Bitwise have applied for a spot in the Solana ETF. If the SEC allows staking, JPMorgan estimates that these funds will attract over $6 billion in inflows in the first year.
The weekly chart shows that the SOL price has formed a classical chart pattern known as a ‘cup and handle’. This pattern is characterized by horizontal resistance, a rounded bottom, and a handle section. This pattern’s upper section was $258, while the lower side was $8.05. It is now forming the handle section of this pattern.
The best way to approximate the price target using this pattern is to measure the cup’s depth, which is at 97% in this case. Then, measure the same distance from the cup’s upper side, bringing the target to about $500. The bullish SOL price forecast will become invalid if the altcoin drops below the key support at $94.50.
Solana (SOL) Holders Show Interest In Unilabs’ Viral Presale
Through a blockchain-based profit-sharing model, Unilabs (UNIL) is diverting Solana (SOL) holders to its ongoing presale success. The platform runs an automated system that flows capital positions, staking yields, and arbitrage wins into one transparent profit pool. With Unilabs, users know exactly how and where their funds work to generate consistent returns.
The platform is gaining recognition among institutional investors and retail traders for its growing adoption in the trillion-dollar market cap. With over $600,000 raised so far, this $0.005 utility coin has the potential to skyrocket in the upcoming presale stages. Also, this is a golden opportunity for early joiners to buy it at a lower price range before it breaks out in the upcoming sessions.
Conclusion:
While the potential of Solana ETF approval soars ahead, Unilabs (UNIL) is positioned to become a market leader in the crypto investment sector, with strong platform fundamentals and promising protocols.
