#solana
Today's report about #sol
Report:
Current Status: SOL is trading around $127.15 (as of Dec 2nd), successfully bouncing off its crucial support zone but remaining in a high-risk technical position.
Key Headwind: The price is trading below the key $130 resistance, and if it fails to break this level, it risks a further decline toward lower support levels like $122. Short-term technical indicators show only mild accumulation and a delicate balance.
Institutional Strength: Strong long-term adoption is confirmed: Vanguard has begun allowing clients to trade funds that hold SOL-related ETFs, marking a major shift in institutional acceptance. $637 million in Spot SOL ETF inflows were recorded in November.
Warning: The immediate short-term trend is still "Strong Down" on most moving averages, confirming sellers have control until a major resistance level is reclaimed.
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