Solana (SOL) has entered a long-term buy zone, signaling potential growth opportunities for investors during market corrections.
Despite a recent decline in price, some analysts view this as a strategic opportunity for growth. Institutional interest in Solana is also increasing, particularly in Europe, with the launch of a Solana Staking Exchange-Traded Product (ETP) by Bitwise. This growing institutional interest is expected to strengthen Solana's market position.
Analysts believe that Solana's long-term development trajectory remains positive, supported by a trend of higher highs and higher lows. The cryptocurrency's ability to attract both retail and institutional investors will be crucial in determining its future trajectory.
Overall, Solana's activation of the long-term buy zone, coupled with institutional interest and a positive outlook, makes it an attractive option for investors in the current market.