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SOL

Solana Retreats to $192 — Consolidation Near $200 Resistance

I'm watching Solana after a 5.43% pullback to $192.52 following a failed test of the $200 resistance level.

Despite ETF approval odds that look bullish (~90%), momentum indicators point to consolidation around critical support levels rather than an immediate continuation higher.

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Analysis

Price weakness toward $192 after a rejected $200 test indicates short-term consolidation. Positive macro/ETF sentiment reduces downside risk, but momentum and indicators favor range-bound action until...

Recommendation

Watch price action and volume around $192–$200. Consider buying on a clear break above $200 or on weakness approaching confirmed support with a defined stop; otherwise remain patient.

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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