Despite the SEC's delay in approving Fidelity Investments' proposed spot Solana ETF, SOL's chart indicates potential for further price gains. Analysts note that SOL's narrowing trading range suggests a breakout may occur in the coming days. The price has yet to sustain below the 20-day exponential moving average, and if it surpasses $159, it could rally towards $168 and $185. Conversely, a decline below $144 may signal a reversal, dropping SOL to $137 and $130. Additionally, a bearish descending triangle pattern on the 4-hour chart will complete if prices drop below $144, potentially pushing them down to $129. However, buyers are currently attempting to break above the downtrend line, which, if achieved, could lead to a significant upward movement towards $192 if a close above $159 occurs. The article refrains from providing investment advice, emphasizing the need for personal research.

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