๐๐ ๐ฆ๐ผ๐น๐ฎ๐ป๐ฎ ๐๐ผ๐๐ถ๐ป๐ด ๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ? ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฆ๐ต๐ผ๐ฟ๐๐ ๐ฎ๐ป๐ฑ ๐๐ง๐ ๐๐ฒ๐น๐ฎ๐ ๐ช๐ฒ๐ถ๐ด๐ต ๐ผ๐ป $๐ฆ๐ข๐
โค Despite Bitcoin reclaiming $106K and triggering breakouts in many altcoins, Solana ($SOL) is lagging behind
โค Investors are piling on short positions, keeping SOL locked under the $170 resistance zone
โค The SEC's delay on spot ETF approvalsโincluding Bitwise and 21Sharesโadds uncertainty, especially for institutional exposure to Solana
๐ง๐ฒ๐ฐ๐ต๐ป๐ถ๐ฐ๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ:
โช SOL is down ~6% daily, closing below average bands
โช Price is testing the lower edge of a rising wedge pattern
โช A breakdown could bring short-term pullback to $145โ$147
โช However, if the rebound holds, a breakout past the 200-day MA could trigger a sharp rally toward $200+
๐๐ป๐ฎ๐น๐๐๐ ๐ง๐ฎ๐ธ๐ฒ:
โSOLโs current weakness may be short-lived,โ one trader noted. โThe market is flushing out weak hands, and once ETF clarity improves or sellers exhaust, we could see a swift rebound.โ
Will Solana break the $170 wall or fall to $145 first?