🧂 Solana (SOL): What Keeps the Price Below $170?

Market Capitalization: $77.46 Billion

Solana stands out from competitors with its extremely fast transaction processing speed - a real Ferrari speed in the blockchain world! With its throughput reaching thousands of operations per second, this platform has long earned a leading reputation in technology.

However, even the fastest may sometimes have to slow down, and that’s exactly what’s happening with SOL right now.

What’s Happening Now

🟢 When Bitcoin's value sharply rose, investors paradoxically turned pessimistic and began accumulating short positions - like passengers jumping off a train that’s gaining speed.

🟢 The U.S. Securities and Exchange Commission has delayed decisions on all instant Solana-ETF funds, including applications submitted by Bitwise and 21Shares - as regulators play a game of "maybe yes, maybe no."

🟢 In its filing, the SEC emphasized the need for further examination of proposals related to compliance with investor protection requirements and fraud prevention - like a strict teacher who isn't in a hurry to give grades!

Trading Guidelines

📈 A breakout above the $177 level opens the way to the psychological level of $200.

📉 A decline below $160 could send it down to the $147 level.