Key Notes

Nearly $800 million worth of SOL has been withdrawn from staking since the Federal Reserve's rate cut in mid-September.

A golden cross pattern and positive MACD readings suggest bullish momentum could push prices toward $280 if resistance breaks.

Growing optimism around potential Solana ETF approval is offsetting near-term headwinds from increased circulating supply.

Solana SOL $234.3 24h volatility: 0.9% Market cap: $127.65 B Vol. 24h: $10.28 B price has struggled to sustain momentum after two consecutive days of 6% gains, rising only 3% on Friday, October 3. SOL price stalled just below the $240 psychological resistance, as on-chain data pointed to supply pressures from recent staking withdrawals.

On Friday, Solana briefly attempted to extend

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