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Solana Holds $186 Support — Bullish Momentum Meets Regulatory Risk

I see Solana holding above $186 despite the SEC ETF delay; today's ~3.6% pullback looks like a short-term reaction to regulatory headlines.

Technicals still show bullish momentum, but the setup is mixed because regulatory uncertainty can increase volatility and trigger deeper retracements.

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Analysis

Support around $186 demonstrates buyer resilience and momentum indicators remain constructive, yet the SEC delay raises the probability of short-term volatility and false breakouts.

Recommendation

I'm watching for a clear breakout above resistance or a controlled retracement to use as a buy-on-weakness opportunity; maintain tight risk management until regulatory direction clears.

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.

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