In the last session, $SOL showed a correction of -2% down to US $148, consolidating after rising from lows of US $126 💔.
Technical indicators reflect a price trapped between the rebound from US $140–142 and the resistance of the upper band of the Bollinger channel.
📰 From the fundamental front, expectations for Solana's ETF continue to gain strength, with recent applications submitted to the SEC by several funds. Although approval is not imminent, there is a growing institutional interest.
📉 However, not everything is optimism: the descending triangle pattern suggests a possible pullback to US $102 if the barrier of US $146–150 is not surpassed.
🔍 What can we expect in the coming hours?
1. Immediate reaction to support at US $148–150: a clear signal of buyer control.
2. The breakout of the triangular pattern will define between a new rally or a sharp correction.
3. The evolution of the narrative around the ETF $SOL before the SEC will be key for the upcoming movements.
✅ Conclusion:
Solana is at a critical zone: if it holds the current levels, it could resume an upward trend and aim for US $159–167 soon. But if it gives up the key zone, we could see a deep correction before the end of the month.
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