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#sol#
SOL market analysis today 📊
Current price: $195.13 💰
24-hour change: -6.16% 📉
7-day increase: +11.74% 📈
Technical signals 🔍
RSI(14): 48.02, close to neutral zone
The 1-hour super trend shows a bearish signal, but the daily chart has turned bullish.
The price has broken through the daily super trend support level of 165.42, indicating a strengthening in the technical aspect.
The MACD daily chart shows an upward trend, with improved momentum.
Key News 📰
The SEC officially accepts the Invesco Galaxy spot SOL ETF application 🏛️
However, the approval for the Bitwise and 21Shares SOL ETF has been postponed to October 16.
REX-Osprey SOL ETF had a net inflow of 13 million dollars yesterday 💵
Futu Securities has launched SOL retail trading services.
Future Strategy 🎯
Bullish strategy: Accumulate positions in batches in the range of $192-194, targeting $200-205.
Risk Control: Stop loss if it falls below $190
Mid-term outlook: Expectations for ETFs and institutional adoption driving the upward trend
Market sentiment is cautiously optimistic, suggesting to buy on dips 🚀