Krutika Adani
Traders on Polymarket bet $200k for Solana ETFs, and their price is expected to cross $170.
Despite 7% chances of ETF approval, Polymarket traders are positive for a price breakout in Solana.
Coupled with Polymarket traders, memecoins like Dogwifhat also get bullish on Solana.
The reason for such high bullishness is that SOL might be ready for a bounceback from current levels of $138.
Traders now keep an eye on the levels of $141-$146, above which the chances for a bounceback are the highest. The target for the bounceback seems to be at $170 for the time being.