Solana Holds Above $186 Amid SEC ETF Delay — Technicals Show Bullish Momentum
I see Solana holding above $186 even after the SEC delayed its ETF decision, with the token down about 3.6% today. Technical indicators still point to bullish momentum despite the regulatory noise.
I'm cautiously optimistic but attentive to increased volatility from the news; I'll watch for confirmation of strength on higher timeframes and monitor key support levels for potential buying opportunities.
Analysis
Recommendation
Hold for now and watch for confirmation of strength; consider buying on weakness if support holds and technicals re-align.
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.