Sol Price Rallly Brews, despite the delay of SEC Solana Etf star-news.press/wp

Main point:

The Solana Solana (Sol) Federation Investment Fund (SOL) was delayed as the US Securities and Stock Exchange Committee requested public comments within 21 days and refuted within 35 days.

James Sevart, an ETF analyst, said in a post on X that the delay was expected. In another publication, Sivpert said, “The interactions between SEC and exporters/exchanges should be viewed positively.”

Can Solana rise above her general resistance in anticipation of a possible approval at the bottom of the line? Let’s analyze the plans to find out.

Predicting Sol Price

Solana from the simple moving average for 50 days ($ 154) refused on Monday, indicating that the bears are strongly defending the level.

Positive in favor of bulls is that they did not allow the price to decline and maintain less than 20 days moving average ($ 149). The scope of trading is narrowed, indicating a possible outbreak during the next few days.

If the price rises above $ 159, the momentum can pick up and the Sol/USDT husband can rise to $ 168 and eventually to $ 185.

On the contrary, if the price decreases and less than $ 144 collapses, it indicates that the bulls have surrendered. The price may decrease to $ 137 and then to $ 130.

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The couple has formed a declining tilted triangle style on the graph for 4 hours, which will be completed at a break and closes less than $ 144. This transition may start to $ 137 and then to the goal of the style of $ 129.

Buyers have other plans. They are trying to pay the price over the downward trend line, and nullify the declining setting. If they can do this, the husband may rise to $ 159. This is the decisive level that should be paid attention to because closing over $ 159 will complete the head and recession style, which has a target with a target of $ 192.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.