The #SOL is currently trading at $187.23 after recovering from $175.69 following a test of the important support level of $180.
Price range over the past ten days: $175.69 - $209.86, with mixed signals from indicators: the MACD shows upward momentum while the RSI indicates potential downward pressure.
The margin buy-to-sell ratio at 3.44 reflects strong positions for bullish investors, although the $105 million profit taken on August 17 suggests the need for caution.
Ecosystem developments
The SEC has extended the deadlines for proposals #ETFSoIana to October 16, maintaining institutional interest despite delays.
Technical upgrades include a proposal #AIpengIow aimed at achieving finality of 150 milliseconds and a record achievement of 107k TPS.
Strong on-chain activities indicate $1.54 billion traded in meme coins with a daily volume of $176 million.
Trading strategy
• Monitoring critical levels: $175 (strong support), $200 - $210 (resistance area)
• Considering the possibility of short-term accumulation while maintaining bullish expectations in the medium term.
• Managing risks associated with upcoming regulatory decisions and profit-taking events.
• The investor community tends to be optimistic (78% of 1,796 posts), while pessimists (22%) indicate the possibility of excessive momentum #sol #Binance $SOL .
