Key point:
The Fund negotiated by Fidelity Investments Spot Solana (Sol) was delayed because the American Securities and Exchange committee asked for public comments within 21 days and refutations within 35 days.
Bloomberg ETF analyst James Seyffart said in an article on X that the delay was expected. In another article, Seyffart said that “the interactions between dry and transmitters / exchanges were to be visualized positively”.
Could Solana rise above its resistance to general costs in anticipation of possible approval on the line? Let’s analyze the graphics to discover it.
Sol price prediction
Solana fell from the 50 -day simple mobile average ($ 154) on Monday, indicating that bears fiercely defend the level.
A positive in favor of the Bulls is that they did not allow the price to lower and maintain below the 20 -day exponential mobile average ($ 149). The commercial range is narrowed, signaling a possible escape in the coming days.
If the price exceeds $ 159, the momentum could resume and the ground / USDT pair could come together at $ 168 and finally at $ 185.
On the contrary, if the price drops and decomposes below $ 144, it suggests that the bulls have abandoned. This can reduce the price to $ 137 and later to $ 130.
In relation: Ethereum “ Mega Whales ” is more difficult than the rally before 95% in 2002
The pair has formed a decreasing triangle motif in the 4 -hour table, which will end in a break and close below $ 144. This can start a movement down at $ 137, then to the model of $ 129.
Buyers have other plans. They try to push the price above the downline line, invalidating the downstream configuration. If they manage to do so, the pair can increase to $ 159. This is a crucial level to monitor because a fence greater than $ 159 will complement an opposite head and shoulder model, which has a target target of $ 192.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
