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Solana Holds $186 — Bullish Momentum Despite SEC ETF Delay
I'm watching Solana around $186.98 (-3.58% today) after the SEC delayed its ETF decision; price is holding above key levels despite the regulatory noise.
Technicals still show bullish momentum, but signals are mixed so I'm cautious and waiting for a clear confirmation or a pullback to assess risk-reward.
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Analysis
Price is holding above a short-term support near $186 while momentum indicators remain positive, yet the SEC delay introduces event risk that has pushed intraday weakness. This creates a setup where u...
Recommendation
Watch for confirmation of strength before adding new positions. Consider buying on weakness near established support with tight risk controls, or waiting for a clear breakout to resume a more aggressi...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.