Solana Price Nears $200 as Hong Kong Launches First SOL ETF

Solana’s price is currently trading around the $185 mark, holding near a strong support level despite recent bearish trends in the broader crypto market. The asset has declined by over 7% this week after failing to break above the $200 resistance. However, signs of stability are emerging as investors await Hong Kong’s first Solana spot ETF approval. Hong Kong’s decision marks a significant milestone for the city’s growing cryptocurrency ecosystem.