The new week has brought a major development for Solana, with growing interest from traditional finance helping fuel bullish Solana price predictions.
Vanguard, one of the world’s largest asset managers with over $11 trillion under management, has reversed its crypto ban.
Clients can now access crypto-related ETFs and mutual funds through the platform, marking a major shift in mainstream adoption.
Even a small share of that capital would translate into explosive growth, and Solana is a standout beneficiary as the proven institutional play of choice.
The altcoin saw a 22-day inflow streak during crypto’s second-worst month of the year as TradFi markets chose to buy the dip on Solana over other ETF offerings.
And with the fresh exposure, Solana ETFs are once again catching a bid from investors, with $46.7 million in inflows the day of the announcement.
Solana Price Predictions: Could Vanguard Fuel a $1000 Move
This fresh touch point for inflows arrives as Solana flashes its strongest bottom signal yet with a double bottom pattern forming along a historic support trendline.
The $120 level has marked local bottoms throughout the bullish phase of the market cycle, and it appears to act as a launchpad yet again as momentum indicators flip bullish.
The RSI is testing the neutral line after being trapped in oversold conditions for the past 2 months while the RSI builds a lead above the signal line. Both suggest that buyers are taking control of the prevailing trend.
With a decisive break above the double bottom neckline at $144, the fully realised structure eyes a push to $210.
This would trigger a retest of a wider year-long descending triangle pattern, creating a potential breakout scenario eyeing much higher targets around $500, a 250% gain.
With anticipated U.S. interest rate cuts in December set to stimulate risk sentiment across investment markets, Vanguard exposure could fuel a larger 600% move to $ 1,000 for SOL.
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The post Solana Price Prediction: Trillion-Dollar Asset Manager Vanguard Just Backed SOL – Is the SOL Target Now $1,000? appeared first on Cryptonews.
