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Key point:
Proposed point Solana Fidelity Investments (Sol) Fund traded on the stock exchange has been delayed as the US Securities and Stock Exchange Commission asked for public comments within 21 days and refuted within 35 days.
Bloomberg analyst James Seyffart in the X post said that the delay was expected. In another post Seyffart said “interaction between sec and issuers/exchanges should be considered positively”.
Could Solana rise over her resistance to direction in anticipation of possible approval on the line? Let’s analyze the charts and find out.
Sol prediction of Price
Solana rejected on Monday from a 50 -day simple gliding diameter ($ 154), suggesting that the bears defend the level hard.
Positive in favor of bulls is that they did not allow the price to be submerged and maintained below 20 -day exponential gliding average ($ 149). The commercial range narrows and signals a possible escape within the next few days.
If the price deployed over $ 159, the momentum could rise and a couple Sol/USDT could gather at $ 168 and finally $ 185.
Conversely, if the price decreases and falls under $ 144, it suggests that the bulls have given up. It can reduce the price to $ 137 and later to $ 130.
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The couple created a bear descending formula of the triangle on a 4 -hour chart that will be completed for a break and just below $ 144. This can start moving down to $ 137 and then to the $ 129 pattern target.
Buyers have different plans. It seeks to move the price above the haystick line and invalidate the bear settings. If they succeed, the couple can climb $ 159. This is a key level to be careful about, because just above $ 159, the inverse pattern of the head and shoulders, which has a target goal of $ 192.
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
