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SOL

Solana Pulls Back to $192 After $200 Resistance — Watch Key Supports

I see Solana retreating to $192.52 after testing the $200 resistance, a 5.4% pullback despite bullish ETF approval odds near 90%.

Technicals point to consolidation around critical support levels; momentum from ETF optimism exists, but price action is showing short-term selling pressure at $200.

I am watching volume and price behavior at these supports and prefer a clear break above $200 or a confirmed hold of support before increasing exposure.

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Analysis

Price action is diverging from the ETF-driven bullish narrative: sentiment remains positive, but the market is consolidating and testing support after failing at the $200 resistance. Short-term risk i...

Recommendation

Watch price and volume at current support levels; avoid initiating new long positions until either a confirmed hold of support or a clean breakout above $200. Manage risk with tight levels if trading ...

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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