When will $SOL be able to open an independent market?
As it stands, SOL is still in a consolidation and fluctuation phase, and the independent market has not yet arrived.
The fact that BlackRock has refused to launch a SOL ETF has impacted market sentiment, but there are other institutions that are still pushing forward with related ETF applications, indicating that there is still interest in SOL among institutions.
On the daily chart, SOL is still operating within an upward channel, showing that the long-term trend is still bullish, but on the hourly chart, the price has broken below some key moving averages, indicating some weakness in the short term.
The resistance level above is $182.
It is recommended to try going long when the price retraces to the 173-174 range. If it continues to drop to $173, you can add to your position for defense, with a target around $182.
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