Solana Holds $186 Support After SEC ETF Delay — Momentum Intact but Volatility Likely
I see SOL trading at $186.98, down about 3.6% after the SEC delayed its ETF decision, yet still holding just above the $186 support area.
Technicals show underlying bullish momentum, but the setup is mixed — short-term weakness and regulatory noise could drive higher volatility.
I will watch for confirmation above key moving averages before adding exposure and prefer buying on weakness toward established support rather than chasing a breakout.
Analysis
Recommendation
Watch price action closely; consider buying on weakness near support or wait for a clean breakout above resistance before initiating new positions.
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.