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buy on weakness
SOL

Solana Pulls Back to $192 — Watch Support, Buy on Weakness

I see Solana (SOL) retreating about 5.4% to $192.52 after stalling at the $200 resistance level, even as ETF approval odds remain strongly bullish. This looks like a short-term pullback rather than a trend reversal.

Technicals point to consolidation near key support, so I'm watching price action around ~$190 for signs of stabilization or a deeper correction. Volume and momentum will determine whether bulls reassert control or sellers push lower.

Given the ETF tailwind, I would consider buying on weakness if support holds and risk-reward is clear, but I won’t chase rallies above $200 without confirmation.

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Analysis

SOL’s 5.4% drop looks like a consolidation after rejection at $200 rather than a structural breakdown. With ETF approval odds high, the setup favors a resumed uptrend if key support near $190 holds; f...

Recommendation

Monitor price and volume around ~$190. Prefer a buy-on-weakness approach with defined stop-loss below support; avoid buying into strength above $200 without confirmation.

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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